Saturday, March 22, 2025
HomeFinanceSupermicro Soars on Expectations of AI-Driven Growth | Global News Avenue

Supermicro Soars on Expectations of AI-Driven Growth | Global News Avenue

Supermicro Soars on Expectations of AI-Driven Growth

Key Points

  • The S&P 500 earned 0.1% on Friday, March 21, 2025 as the index scored a weekly winning streak.
  • Supermicro stock surged after JPMorgan analysts upgraded, expecting strong demand for Supermicro servers using NVIDIA’s Blackwell chips.
  • Micron Technology’s stock fell over concerns about chipmaker gross margins, masking strong revenue results.

Major U.S. stock indexes improve on the last day of trading week, Snatch them up for a weekly failure.

The S&P 500 and Dow Jones index earned 0.1% last Friday, while the technology-heavy Nasdaq stock was 0.5%. All three released earnings for the week, with the Dow rising 1.2%, the S&P 500 gaining 0.5%, and Nasdaq stock rising 0.2%.

Supercomputer (SMCI) Stocks received the most of all S&P 500 on Friday, soaring 7.8% after 7.8% JPMorgan upgrades stocks “Neutral” from “weight”. Analysts believe that it could potentially benefit from strong demand for AI infrastructure and its servers that are integrated with NVIDIA (NVDA) Blackwell Platform.

Tesla (TSLA) Stocks also increased, up 5.3%. CEO Elon Musk held A full-time meeting with employees He told staff to “stay” their stock in an effort to hide confidence in a tough range, which has reduced its value in half over the past few months.

Boeing (BA) At 3.1% awarded by President Trump to aircraft manufacturers Contract to build the F-47the next generation of fighter jets of the U.S. Air Force. Although no financial details were disclosed, Wall Street Journal Research, development and acquisition costs are estimated to exceed $50 billion. Stock of defense contractor Lockheed MartinLMT) lost competitors, down 5.8%.

Micron technology (mu) Share 8% of the shares, posting its weakest daily performance in the S&P 500. Exceeding sales and profits Fiscal phase in the second quarter, but worried about its gross profit trajectory Gave people’s attentionprompting Citi analysts to set its target share price as stock.

Texas Pacific Land Stocks (TPL) Owning major land in the oil-rich Permian Basin, it was reported that several company insiders sold important positions in the company, thus falling 7.2%. Executives recently unloaded stocks including the company’s chief financial officer and its senior vice president and general counsel. Investors often see sales from executives as lack of confidence in the company’s prospects.

FedEx (FDX) Missed quarterly profit estimates and Cut year-round outlookcite economic uncertainty. Analysts at UBS and Bank of America Lower its price target On FedEx stock, the parcel delivery giant’s shares fell 6.5% on Friday.

Steel-making nuclearNew) provided a more than expected profit forecast in the first quarter of 2025, with its stock down 5.8%. The company said mild steel pricing is forcing its average selling price to put pressure on and forecast sequential profit declines in its steel product segments.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments