markets

Luke Kawa2/11/25

Super Micro’s supercharged rally sputters ahead of “business update”

Traders are taking some chips off the table ahead of a business update from the highly volatile former AI darling Super Micro Computer after the close on Tuesday.

It’s a note of caution returning after investors got excited that the company had actually scheduled this update, sending the stock up nearly 60% in a week. Beyond any refresher on the company’s operational performance, investors will be clamoring for assurance that Super Micro will become current on its required financial filings in order to stay listed on the Nasdaq exchange. The company hasn’t filed its annual report for the 12 months ending June 2024 amid a drawn-out inquiry into its accounting that saw its auditor resign and a prominent short seller flag a number of alleged irregularities. An internal review commissioned by the company found no management misconduct. Required filings need to be received by the Nasdaq by February 25.

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Nvidia announces deals with South Korea's government and industrial giants to supply more than 260,000 chips

Nvidia is rising modestly in premarket trading today, up more than 2% at the time of writing, after announcing bumper deals with the South Korean government and some of the nation’s largest companies to supply them with more than 260,000 of its Blackwell chips.

In a press release published earlier today, Nvidia detailed that 50,000 of the company’s most advanced chips would go to AI projects from the government’s Ministry of Science and ICT; AI factories under construction from Samsung, Hyundai, and SK Group would also take 50,000 each; while Naver Cloud will receive 60,000 chips to expand its current Nvidia-powered AI infrastructure.

The deal was announced at the ongoing Asia-Pacific Economic Cooperation summit, held this year in Gyeongju, South Korea, with Jensen Huang having arrived in the nation just one day after his company became the first in history to cross the $5 trillion market cap threshold on Wednesday.

Coinbase posts better-than-expected sales, profit, and transaction numbers

The crypto exchange rose slightly in early after-hours trading.

Coinbase reports Q3 earnings

Western-Digital-WDC-Q3-2025-Earnings

Western Digital jumps as Q1 sales and earnings beat, guidance better than expected, and dividend hiked

A litany of stellar news from the disk drive seller.

Matt Phillips17h

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Max Knoblauch17h

Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close, as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after-hours trading on Thursday following the announcement.

Reddit-Q3-2025-Earnings-numbers

Reddit rises in after-hours trading on Q3 earnings numbers

Here’s how they look.

Matt Phillips17h

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