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Luke Kawa2/4/25

Super Micro jumps as planned “business update” fuels hopes that it will avoid Nasdaq delisting

Super Micro Computer is being given a big pat on the back for simply doing something basically every company does: telling its investors how things are going, business-wise.

Shares of the server company are rallying after the embattled tech company said it would provide a quarterly business update on February 11 after market close.

This is not the only filing that investors will be keeping their eyes on from this company, nor the most important: Super Micro Computer still hasn’t filed its annual report for the 12 months ending June 2024.

The stock is the second-best performer in the S&P 500 in the premarket this morning, with investors seemingly viewing this communique as a signal that the company will become current on its filing obligations.

Nasdaq has allowed the company to be delinquent in producing documentation amid a drawn-out delay that followed allegations from short seller Hindenburg about various accounting irregularities. However, Nasdaq’s patience has its limits: the company will face delisting from the exchange if filings are not received by February 25.

The server company was bounced from the Nasdaq 100 in late 2024 after spending less than six months in the tech-heavy index.

“The company is still exposed to headline risk since it hasn’t filed its delayed 10-K/10-Q,” Bloomberg Intelligence Senior Analyst Woo Jin Ho wrote. “From a business perspective, AI demand fundamentals are healthy, and Super Micro could deliver 2Q sales in-line with consensus of $5.8 billion.”

Its auditor, Ernst & Young, resigned not long after the accounting issues became public, citing questions over management’s commitment to integrity and ethical values around internal controls. A subsequent internal review commissioned by the company found no management misconduct.

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Markets close out 2025’s last full week of trading on a cheerful note

Stocks rallied for the second day in a row, with the S&P 500, Nasdaq 100, and Russell 2000 all closing higher, giving traders the early Christmas gift they desired.

Man is happy about his saw

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Health insurance stocks lose steam as Trump says he’ll lobby insurers for lower prices

Shares of health insurance companies dropped Friday afternoon, as President Trump said he would ask insurers to meet with him in the coming weeks to seek lower prices.

Stocks including Humana, UnitedHealthcare, Cigna, CVS Health, and Elevance Health all either pared gains or went further into the red after Trump’s remarks, which came at the end of a press event to announce pricing deals with nine drugmakers.

“I’m going to call a meeting of the big insurance companies that have gotten so rich,” Trump said, noting that he would lobby them for lower prices.

“I would say that maybe with one talk, they would be willing to cut their prices by 50, 60, or 70%. They’ve made a fortune.”

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Max Knoblauch3h

Rivian’s surge continues as stock reaches highest level since December 2023 on analyst upgrades

Shares of EV maker Rivian are on pace to close up double digits for the second day in a row on Friday as bullish investors pour into the stock following analyst upgrades.

Rivian shares were up more than 10% on Friday afternoon, with the stock climbing to its highest level since December 2023.

Webush’s Dan Ives boosted his Rivian price target by 56% to $25 in a note on Friday morning. The analyst wrote that 2026 is a “prove-me” year for the automaker, with its lower-cost R2 model set to launch in the first half.

Ives’s note follows a separate optimistic bit of analysis from Baird, which also boosted its Rivian price target to $25 in a note on Thursday.

If today's gains hold, Friday will mark the third day of double-digit gains for Rivian in the past six trading days. An “AI Day” event that saw the automaker detail autonomous updates and tease a robotaxi plan started the recent run.

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The neoclouds are shooting back up into the stratosphere

Investors’ faith in tech CEOs’ pursuit of digital God has seemingly been restored for now, sparking an intense rally in the speculative AI players that had been in full-on meltdown mode over concerns that the boom had passed its best-before date.

The data center companies colloquially known as the “neoclouds” — CoreWeave, Nebius, IREN, and Cipher Mining — are up more than double digits over the past two sessions, as of 10:40 a.m. ET.

The past 48 hours have brought a steady drumbeat of positive news for the AI theme.

CoreWeave received a vote of confidence from Wall Street as Citi resumed coverage with a buy rating and price target of $135. Oracle, the epicenter of AI credit concerns, has seen a reversal in its fortunes as it nears an acquisition of TikTok’s US operations. And OpenAI’s fundraising efforts appear be going so well that its reported valuation has gone up in back-to-back days.

Before that, Micron’s earnings reaffirmed the intense demand for AI compute, which continues to outstrip supply — a positive sign for the neoclouds. The macro backdrop is also turning perhaps a bit more in favor of lower interest rates, as CPI inflation came in well below expectations.

Snoop Dogg Performs At OVO Hydro Glasgow

Marijuana rescheduling could mean more investment in US weed stocks. There aren’t many ways in.

“Yes, institutional capital will go into the underlying names. The question is: How fast?" one weed company chairman said.

J. Edward Moreno8h

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