markets

Luke Kawa2/11/25

Super Micro “believes” it will stay listed on the Nasdaq, taking the sting out of bad guidance

Let’s start with the bad news: Super Micro Computer posted preliminary financial information for the final three months of 2024 that was considerably weaker than Wall Street anticipated. The server company now sees adjusted earnings per share of $0.58 to $0.60 (previous guidance $0.56 to $0.65; consensus $0.64) on softer-than-expected sales of between $5.6 billion and $5.7 billion (previous guidance $5.5 billion to $6.1 billion; consensus $5.8 billion). Its outlook was also dour, with guidance being cut for the coming quarters, though it expects punchy sales growth in its fiscal 2026, which begins in July.

The good news is that management “continues to work diligently” to file annual and quarterly reports that are well past due and “believes” these will be completed by February 25 in order to avoid being delisted on the Nasdaq. And that seems to be carrying the day, for traders.

Shares are higher in after-hours trading after taking a drubbing during the session.

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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%

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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

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