Nvidia stock down as AMD and Super Micro disappoint, but still trading at a 3% discount to 52-week high. AMD beats revenue but misses earnings, Super Micro reports lower guidance. Chinese automakers ditching Nvidia chips.
The US stock market is currently experiencing a period of heightened volatility, with major indices showing mixed signals as investors grapple with economic uncertainties, evolving corporate earnings, and the lingering impact of trade policies. While the broader market has demonstrated resilience in recent months, certain key sectors, notably Technology, Utilities,
Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 21.4% in the afternoon session after the company reported weaker-than-expected fourth-quarter results and provided a disappointing financial outlook. The AI server maker posted fourth-quarter revenue of $5.76 billion and earnings per share of 41 cents, both of which missed analyst estimates. Investors also noted a drop in the company's gross margin to 9.6%. Compounding these concerns, Super Micro provided full-year sales forecast for fiscal 2026 of at least $33 billion below previous target. The weak results and lowered guidance sparked fears that increasing competition hindered the company's ability to fully capitalize on the boom in AI-related demand.
The latest corporate earnings season has sent ripples of concern through the financial markets, as several high-profile companies, including Walt Disney (NYSE: DIS), Advanced Micro Devices (NASDAQ: AMD), and Snap (NASDAQ: SNAP), have reported results that fell short of Wall Street's often-optimistic expectations. These misses are not isolated incidents but
U.S. stocks rebounded sharply on Wednesday, fully erasing last Friday's losses, as upbeat corporate earnings and renewed investor optimism outweighed concerns over escalating trade tensions.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Super Micro reported fiscal fourth-quarter revenue of $5.76 billion, missing analyst estimates of $5.88 billion, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of 41 cents per share, missing estimates of 44 cents per share.
Curious about the market action on Wednesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
The company attributed the revenue shortfall to capital constraints and specification changes from a significant new customer that delayed revenue recognition due to the addition of new features.
Server solutions provider Super Micro (NASDAQ:SMCI) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 7.5% year on year to $5.76 billion. Next quarter’s revenue guidance of $6.5 billion underwhelmed, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.41 per share was 6.6% below analysts’ consensus estimates.
