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High-flyer Super Micro Computer shares hit record, then reverse course

(Reuters) -Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong artificial intelligence technology demand. After hitting a new record high of $1,077.87 early in Friday's session, SMCI ended the day down $200 at $803.32, snapping a nine-day winning streak for SMCI and marking its biggest one-day percentage decline since August. With about 33.5 million...
David Evans Aaron Rakers Lance Tupper Super Micro Computer Inc Advanced Micro Devices Wells Fargo
Source: yahoo.com

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Microsoft hits $3 trillion market value

Microsoft's stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world's second most valuable company, just behind Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with the iPhone maker briefly losing its crown to the software giant earlier in January. Shares of Microsoft hit a record high of $405.63, up 1.7%, enabling it to breach t...
New York United States Lance Tupper Chibuike Oguh Mark Porter Wall Street
Source: yahoo.com

Trump-linked stocks soar after DeSantis throws in the towel

Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump's social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid. The stock jumped 55% to $41, its highest since June 2022, after DeSantis on Sunday stopped his campaign just two days before the pivotal New Hampshire primary. DeSantis also endorsed Trump over rival Republican hopeful Nikki Haley.
New Hampshire United States Donald Trump Ron Desantis Noel Randewich Nick Macfie
Source: yahoo.com

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