Super Micro Drops Near Two-Month Low on Earnings Concerns
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Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month
Super Micro Computer shares plunged on Friday as investors peeled back their holdings of one of the stock market's hottest names.
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Amazon, Super Micro Computers and AMD announce earnings after the close.
Amazon will report earnings after the close. Below are the expectations: Revenue: Expected to be $142.6 billion, up from $127.4 billion in Q1 2023.Adjusted Earnings Per Share (EPS): Expected to be $0.84, an increase from $0.31 in Q1 2023.Online Stores: Revenue expected to be $54.8 billion, up from $51.1 billion in Q1 2023.Amazon Web Services (AWS): Revenue expected to be $24.1 billion, up from $21.4 billion in Q1 2023.Advertising: Revenue expected to be $11.8 billion, up from $9.5 billion in Q1...
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New Zealand Business Confidence Drops to Seven-Month Low
New Zealand business confidence dropped to a seven-month low in April as high interest rates and a sluggish economy curbed household...