Page 32 - Super Micro Computer News Today

US stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation.

Super Micro Computer just raised guidance for 2024 sales, but there's something else to watch, too.

Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.

Wedbush analyst maintains Super Micro Computer Inc with Neutral rating and raises price target from $530 to $800, citing sales momentum and concerns about margins and competition in AI server market.

Powell likely to signal that lower inflation is needed before Fed would cut rates

Nvidia stock is falling on Wednesday as NVDA shares retreat alongside earnings from other players in the semiconductor business.

Stocks drift as markets await Fed's interest rate clues. CVS Health and tech giants disappoint, but Amazon and DuPont shine in latest earnings. Fed Chair Powell's press conference looms, impacting investor sentiment. Stay tuned for key market moves.

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 5.9% in the afternoon session after peer, AMD, reported reported first quarter results which highlighted a material increase in its inventory levels. In addition, AMD's guidance for the next quarter was underwhelming as revenue projection was mostly in line with Wall Street's projections.

None AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand. • None AMD said it expects its MI300 AI chips to…

U.S. stocks are holding relatively steady after the Federal Reserve said it would keep its main interest rate at the highest level since 2001, just as markets expected. The S&P