markets

Matt Phillips12/11/24

SuperMicro’s CEO “confident” company won’t get delisted

Traders were unimpressed with Super Micro Computer CEO Charles Liang’s assertion that that he was “confident” the company’s shares won’t be delisted from the Nasdaq exchange for a failure to disclose financials. Liang spoke to reporters at a Reuters event in New York Tuesday, according to Barron’s.

SuperMicro has had a remarkably turbulent 2024.

The stock was sitting on gains of more than 300% by early March, before losing almost all those gains amid questions about accounting at the server maker. The company recently got an extension until February 25 to file its delayed annual and quarterly reports.

SuperMicro was the worst-performing stock in the S&P 500 in early trading on Wednesday.

Super Micro Stock Falls. CEO Fails to Reassure Market About SMCI Nasdaq Future.

Super Micro Stock Falls. CEO Fails to Reassure Market About SMCI Nasdaq Future.

The stock was sitting on gains of more than 300% by early March, before losing almost all those gains amid questions about accounting at the server maker. The company recently got an extension until February 25 to file its delayed annual and quarterly reports.

SuperMicro was the worst-performing stock in the S&P 500 in early trading on Wednesday.

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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%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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