Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays

Super Micro Computer Inc. (NASDAQ: SMCI) saw its stock drop by 20% today following its Q4 earnings report. Despite announcing a better-than-expected forecast and a forthcoming 10-for-1 stock split effective October 1st, the market reaction was overwhelmingly negative. Delay in Nvidia’s Balckwell GPUs On the company’s earnings call, CEO Charles Liang mentioned that he did… Continue reading Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays

Nearly 50% of student loan borrowers anticipate future debt forgiveness: What you need to know

In a recent survey, nearly half of student loan borrowers are optimistic about future forgiveness of their debts.  The “How America Pays for College” report by Sallie Mae reveals that 48% of borrowers expect the government to excuse their education loans.  This annual report, conducted between April 8 and May 14 by global market research… Continue reading Nearly 50% of student loan borrowers anticipate future debt forgiveness: What you need to know

Jim Cramer names top two stocks to buy on post-earnings dip

Renowned investor Jim Cramer has identified two stocks that he believes are undervalued following their recent earnings reports. Cramer is bullish on Advanced Micro Devices Inc (NASDAQ: AMD) and Eaton Corporation PLC (NYSE: ETN), urging investors to consider these stocks amidst their current weakness. Jim Cramer, host of CNBC’s “Mad Money,” has increased his holdings… Continue reading Jim Cramer names top two stocks to buy on post-earnings dip

Should you buy Cadence after the recent 23% drop? Piper Sandler thinks so

Cadence Design Systems Inc. (NASDAQ: CDNS) has experienced a notable downturn recently, dropping over 23% in the past month, yet analysts at Piper Sandler see this as an opportunity. Analysts remain optimistic Upgrading the stock from Neutral to Overweight, they’ve maintained a bullish $318 price target, suggesting a potential 25% upside. This view is largely… Continue reading Should you buy Cadence after the recent 23% drop? Piper Sandler thinks so

Uber exceeds Q2 expectations: CEO Khosrowshahi predicts continued outperformance

Uber Technologies Inc (NYSE: UBER) is thriving despite market conditions, with CEO Dara Khosrowshahi asserting that the company is “really hitting on all cylinders.” In an interview with CNBC, Khosrowshahi highlighted that Uber’s latest quarterly results exceeded market expectations, signaling robust performance across its platform. According to Uber’s second-quarter earnings report, the company has shown… Continue reading Uber exceeds Q2 expectations: CEO Khosrowshahi predicts continued outperformance

BofA upgrades Apollo Global stock after a dramatic 20% decline this month: Should you consider buying?

On August 5, Bank of America upgraded Apollo Global Management to “Buy” from “Neutral” following a significant 20% drop in the company’s stock since the start of the month. BofA analysts attributed this drop to weaker-than-expected Q2 results alongside broader market pressures, including weak economic data and a lower interest rate outlook. Apollo Global Q2… Continue reading BofA upgrades Apollo Global stock after a dramatic 20% decline this month: Should you consider buying?

‘Healthy’ dollar-yen correction was overdue, former ECB chief Trichet says

The recent strengthening of the Japanese yen, resulting in a significant drop in the dollar-yen exchange rate, is seen as an overdue and healthy correction rather than a cause for panic, according to Jean-Claude Trichet, former head of the European Central Bank.  Trichet’s perspective comes amidst shifting monetary policies, geopolitical tensions, and economic data rattling… Continue reading ‘Healthy’ dollar-yen correction was overdue, former ECB chief Trichet says