markets

Matt Phillips3/20/26

Chip-smuggling charges against Super Micro cofounder boost rival server maker Dell

Dell is up in early Friday trading after rival Super Micro Computer plunged on news that one of its cofounders had been charged by US prosecutors with allegedly illegally smuggling AI chips to China.

Dell, Super Micro, and HP Enterprise are all what’s known as “system makers”: they sell ready-to-roll rack servers, storage systems, and the other hardware that’s needed to fill all those data centers that hyperscalers are so desperate to build.

Dell and Super Micro both sell systems built around Nvidia GPUs, so the US government’s allegations against key personnel tied to Super Micro could jeopardize the company’s access to Nvidia products and give Dell a leg up in that crucial AI-related server market.

Super Micro dives after cofounder charged with allegedly smuggling AI chips to China

Super Micro dives after cofounder charged with allegedly smuggling AI chips to China

Dell, Super Micro, and HP Enterprise are all what’s known as “system makers”: they sell ready-to-roll rack servers, storage systems, and the other hardware that’s needed to fill all those data centers that hyperscalers are so desperate to build.

Dell and Super Micro both sell systems built around Nvidia GPUs, so the US government’s allegations against key personnel tied to Super Micro could jeopardize the company’s access to Nvidia products and give Dell a leg up in that crucial AI-related server market.

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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

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