Super Micro down sharply after-hours after missing its estimates

Super Micro Computer announced that its preliminary Q3 sales came in between $400 million and $500 million below its low-end estimate for the quarter.

It now expects sales between $4.5 billion and $4.6 billion, after predicting sales between $5.0 billion and $6.0 billion. Its forecast earnings per share are now $0.16 to $0.17, well under the prior guidance of $0.36 to $0.53.

The company said, “During Q3 some delayed customer platform decisions moved sales into Q4.” The stock is down 16% after-hours.

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Rani Molla

IS FCF 🇸 🇪 🇽 🇾?

Tesla’s big beat comes with a bigger bill ahead

The company’s positive free cash flow is largely due to the fact that it hasn’t ramped capex spending yet.

Italian PM Meloni Hosts 'Atreju 2023' Conservative Political Festival In Rome

🤖 75%

Jon Keegan17h

On Wednesday, Google CEO Sundar Pichai said in a blog post that AI is now writing 75% of new code at the company. This is up from 50% last fall. Pichai said all code is “approved by engineers.”

Google announced new TPU 8 chips today at its annual Cloud Next event. Pichai wrote:

“We’re now shifting to truly agentic workflows. Our engineers are orchestrating fully autonomous digital task forces, firing off agents and accomplishing incredible things.”

Rani Molla17h

Tesla just opened the door to 50,000 government buyers

Tesla signed a deal that lets more than 50,000 public agencies — including police departments and school districts — buy its vehicles without the usual slow bidding process, making it much easier to compete in a market long dominated by Ford and General Motors. The public sector currently represents less than 1% of Tesla’s sales.

The move doesn’t guarantee orders, but it removes a major barrier at a time when Tesla is looking for new demand to bolster its main source of revenues. Tesla’s Q1 deliveries fell short of analyst expectations and annual sales have declined for two years in a row. The public sector also represents a large pool of buyers who are beyond Elon Musk’s other companies.

Tesla reports earnings after the bell today.

Tesla is coming for Detroit's government fleet business

Tesla reports earnings after the bell today.

Google shares jump on new TPU 8 chips, enterprise agent platform, and partnership with Nvidia

The raft of announcements from Google’s Cloud Next ’26 event sent shares up in early trading.

Jon Keegan22h

Rani Molla22h

How Elon Musk has shifted SpaceX’s goals ahead of its IPO

The New York Times took a close look at how Elon Musk is reshaping SpaceX’s priorities ahead of its highly anticipated, potentially record-breaking IPO — and what that could mean for the company and its investors.

As the NYT’s Ryan Mac noted in the article, “Shifting aims before an I.P.O. would be unthinkable for most corporate leaders, who tend to focus on their core businesses and try to project steadiness to potential investors.”

But Musk, who is also the ever-unpredictable CEO of Tesla, doesn’t follow typical playbooks. Here’s a quick look at how SpaceX’s goals have changed:

Musk’s SpaceX Goals Shift Ahead of Its I.P.O.

But Musk, who is also the ever-unpredictable CEO of Tesla, doesn’t follow typical playbooks. Here’s a quick look at how SpaceX’s goals have changed:

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