markets

Claire Yubin Oh6/10/26

Super Micro plunges after announcing $7 billion in equity and equity-linked financing

Super Micro Computer fell around 9.5% at one point before the bell Wednesday after announcing $7 billion in equity and equity-linked financing plans late on Tuesday, as the company looks to raise funds to satisfy increased demand for its advanced AI servers.

In a press release, SMCI outlined plans to issue $1.25 billion in common stock and $3.75 billion worth of depositary shares, which reflect fractional interests in the company’s newly issued convertible preferred stock, as part of its underwritten public offering, in addition to selling up to $2 billion of shares in an at-the-market offering slated to start no earlier than the third quarter of 2026.

Super Micro stated that a portion of the funds would be used for the “purchase of components to satisfy the AI orders that the Company has received in recent weeks for its advanced AI servers,” disclosing that it has received $39 billion in AI server orders from more than 20 customers in the last few weeks.

Looking at its financials, it makes sense that the company is looking for a fresh source of funding — Super Micro reported a negative free cash flow of $6.7 billion for the latest quarter back in May, when the company seemed to have (at least temporarily) allayed investors’ longtime fears of margin pressure.

Looking at its financials, it makes sense that the company is looking for a fresh source of funding — Super Micro reported a negative free cash flow of $6.7 billion for the latest quarter back in May, when the company seemed to have (at least temporarily) allayed investors’ longtime fears of margin pressure.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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