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Luke Kawa6/26/25

Super Micro is ramping on waves of bullish option demand

Shares of AI server company Super Micro Computer are up about 5% today on no news and a boatload of call option buying. This comes on the heels of Wednesday’s S&P 500-leading 8.8% advance for the firm.

As of 3:11 p.m. ET, more than 593,000 call options had changed hands, the most in over a month and more than double its one-month average.

The last time we saw call demand really pick up like this was just ahead of the announcement that Super Micro booked a $20 billion deal to sell servers to Saudi Arabian data center company DataVolt.

There’s no real fundamental news to speak of with regard to Super Micro, but there was some fundamental news earlier this week that created a dip to buy:

Shares tumbled nearly 10% on Monday after the company announced a potentially dilutive convertible note offering, heading to the bottom of the range that’s prevailed since news of its aforementioned Middle East deal broke.

It seems traders were eager to look for a rebound in Super Micro and its continued exposure to the AI boom, as the offering was to “fund working capital for growth and business expansion.”

Shares are now up 8% on the week and 61% year to date.

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Jake Lahut6h

Applied Digital inks new $7.5 billion lease with hyperscaler it first booked in April

Applied Digital saw its price soar after hours on news of a long-term lease agreement with the same “investment-grade” hyperscaler it struck a similar deal with in April.

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

The company also crowed about passing 1 GW of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”

Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

The company also crowed about passing 1 GW of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”

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Intuit plummets after reporting slowing revenue growth

Is it a worse day to be an Intuit employee or an Intuit shareholder?

On Wednesday, the financial and business tech company announced third-quarter earnings and sweeping layoffs on the same day. The TurboTax parent company said it would cut 17% of its workers — approximately 3,000 people — to focus on its AI efforts, according to a memo obtained by Reuters.

The stock was down 3.8% during market hours. It dropped further when Intuit released third-quarter results after the bell showing the slowest year-over-year revenue growth since 2024, falling 10% after-hours.

Here are the numbers:

Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).
Adjusted earnings per share of $12.80 (estimate: $12.54).
Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

“We delivered strong third-quarter results, driven by our AI-driven expert platform strategy,” said Sasan Goodarzi, chairman and CEO of Intuit. “As a result, we are raising our full-year revenue guidance for fiscal 2026.”

Shares of Intuit are down nearly 40% this year.

Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance

On Wednesday, the financial and business tech company announced third-quarter earnings and sweeping layoffs on the same day. The TurboTax parent company said it would cut 17% of its workers — approximately 3,000 people — to focus on its AI efforts, according to a memo obtained by Reuters.

The stock was down 3.8% during market hours. It dropped further when Intuit released third-quarter results after the bell showing the slowest year-over-year revenue growth since 2024, falling 10% after-hours.

Here are the numbers:

Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).
Adjusted earnings per share of $12.80 (estimate: $12.54).
Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

“We delivered strong third-quarter results, driven by our AI-driven expert platform strategy,” said Sasan Goodarzi, chairman and CEO of Intuit. “As a result, we are raising our full-year revenue guidance for fiscal 2026.”

Shares of Intuit are down nearly 40% this year.

Nvidia delivers another sales and earnings beat in Q1, with strong Q2 revenue guidance

Shareholder returns are going up too!

Jensen Huang with Grace Blackwell chips

Tasha Matsumoto

Stocks climb as bond yields and oil prices fall

All eyes are on tonight’s Q1 2027 earnings from the world’s largest company.

Group of bulls being herded

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Paige Oamek & Luke Kawa8h

T1 Energy spikes on record call volumes after Roth analyst calls short report a buying opportunity

Shares of T1 Energy are electric Wednesday afternoon, soaring more than 20% on record call volumes.

The stock had fallen over 13% at its lows on Tuesday after short-only fund Fuzzy Panda Research published a report calling the solar and battery storage company a “China Hustle” rather than a legitimate AI infrastructure investment, also alleging that the company has booked tax credits it won’t receive.

Retail traders have often used the dip that’s followed the announcement of a short report to load up on a company’s shares (see: POET Technologies in April).

Roth Capital Partners analyst Philip Shen responded to the report by calling T1 “a model for what the Trump administration may want in a domestic manufacturer that is transferring advanced technology and capacity to the US,” suggesting that the sell-off was a buying opportunity.

Earlier this week, T1 got an even more prominent vote of confidence when a 13F filing from Situational Awareness showed the hedge fund run by wunderkind Leopold Aschenbrenner held a 3.6% stake in the company at the end of Q1.

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