Company Performance - Super Micro Computer Inc (SMCI) stock declined by 20.7% to $45.43 following a fiscal fourth-quarter earnings and revenue miss [1] - The company provided a disappointing annual profit outlook of $33 billion, significantly lower than the previously set goal of $40 billion [1] Industry Context - Both Super Micro Computer and Advanced Micro Devices (AMD) reported underwhelming results in their artificial intelligence (AI) data center segments, with AMD's stock down 8.8% [2] Technical Analysis - The $46 level has acted as both pressure and support in recent months, but the stock has lost support at the 20-day moving average, indicating a potential worst day since October 2024 [3] - Despite the recent decline, SMCI is still up 51.6% since the start of 2025 [3] Options Market Activity - The stock has been placed on the short sell restricted (SSR) list amid volatility, with 308,000 calls and 196,000 puts exchanged, which is three times the typical options volume [4] - The most popular options include the weekly 8/8 52-strike put and the monthly 8/15 49-strike call, with new positions opening at the August 43 put [4] - Calls have been more popular than usual over the last 10 weeks, with SMCI's 50-day call/put volume ratio ranking higher than 85% of readings from the past year [5]

Super Micro (SMCI) Performance & Forecast - Super Micro预计在2025年第二季度再次出现采购延迟 [1] - 主要新客户的规格变更导致收入确认延迟，本季度业绩可能持续承压 [1] AI Server Market - AI服务器目前主要分为三类：ASIC（如Google TPU服务器），Nvidia的GB200/300 NVL72和低端Nvidia [2]

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...

Super Micro's Financial Performance & Challenges - Super Micro's shares plummeted after weak Q4 results and soft guidance, dropping more than 18% [1] - The company is facing a growth trap, burning through cash and sacrificing margins to scale production for AI server demand [1] - Super Micro's CEO admitted a lack of working capital for rapid expansion, leading to a $23 billion convertible bond offering in June [2] - Margins collapsed from 18% at the end of 2022 to under 10% currently [2] Competitive Landscape & Risks - Super Micro competes on price against larger players like Dell and HP Enterprise while assembling expensive AI components [3] - Customer concentration is a risk, with approximately four customers contributing over 50% of revenues [3] Technical Advantages & Opportunities - Super Micro has technical advantages, being first to market with new AI server configurations and possessing valuable liquid cooling technology [4] - The company needs to translate technical leadership into sustainable profitability and reduce reliance on Nvidia's chip releases [5] - Super Micro is participating in a major infrastructure buildout in the tech industry [5] AMD & China Shipments - AMD's CEO was unsure about the status of licenses for China shipments, causing concern on Wall Street [8] - The negative reaction to AMD's stock shouldn't be solely based on China shipments [8] - AMD is ramping up GPU production this year and next year, with next iterations planned [9]

Group 1 - U.S. stock index futures are showing positive movement, with Dow futures up 0.29%, S&P 500 futures up 0.23%, and Nasdaq futures up 0.36% [1] - Chinese concept stocks are mixed in pre-market trading, with Alibaba up 1.53%, Pinduoduo up 1.07%, JD down 0.03%, Baidu up 0.87%, and Li Auto down 3.09% [2] - Uber's stock is down 0.17% in pre-market trading ahead of its Q2 earnings report scheduled for release [3] - AMD's stock is down over 5% in pre-market trading after reporting Q2 revenue that exceeded expectations but a significant drop in operating profit margin to 12% from 22% year-over-year, with adjusted net income down 31% to $781 million [4] - Advanced Micro Devices (AMD) reported a revenue increase but a decline in profitability, leading to a pre-market drop [4] Group 2 - Tesla is training a new Full Self-Driving (FSD) model, which is expected to have parameters ten times larger than the current version, with a potential public release by the end of next month [5] - Supermicro's stock is down over 16% in pre-market trading after significantly lowering its revenue guidance for the next quarter to between $6 billion and $7 billion, and reducing its fiscal 2026 revenue forecast by 17.5% to $33 billion [4] - Novo Nordisk reported a 67% year-over-year increase in sales for its weight loss drug Wegovy, reaching 19.53 billion Danish kroner in Q2 [6] - The U.S. Department of Health has withdrawn approximately $500 million in funding for mRNA vaccine development, affecting major vaccine manufacturers like Pfizer, Moderna, and Sanofi, with their stocks showing slight declines [7] - Disney has announced a significant deal involving ESPN and the NFL, exchanging equity and content rights to strengthen ties with a highly valuable sports IP, resulting in a 1.15% drop in Disney's stock [8]

Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Group 1 - U.S. stock futures are higher, with Dow futures gaining around 100 points [1] - Super Micro Computer, Inc. reported fourth-quarter net sales of $5.76 billion, an increase from $4.6 billion in the third quarter and $5.4 billion in the same quarter last year [2] - Super Micro's net sales missed the Street consensus estimate of $5.88 billion, and earnings per share were $0.41, below the consensus estimate of $0.44 [2] Group 2 - Super Micro Computer shares fell 16.3% to $47.90 in pre-market trading following the earnings report [2] - LifeMD, Inc. saw a decline of 28.8% to $8.43 in pre-market trading after reporting worse-than-expected second-quarter EPS and sales [4] - Personalis, Inc. declined 26.1% to $4.17 in pre-market trading after missing second-quarter revenue and cutting FY25 sales guidance [4] - Evolus, Inc. fell 25.5% to $6.63 in pre-market trading after missing second-quarter estimates and lowering FY25 sales guidance [4] - Opendoor Technologies Inc. declined 18.5% to $2.05 in pre-market trading due to weak third-quarter sales guidance [4] - Digital Turbine, Inc. fell 18.2% to $4.45 in pre-market trading after reporting a first-quarter EPS miss [4] - Snap Inc. shares dropped 17.1% to $7.79 in pre-market trading following its second-quarter financial results [4] - Day One Biopharmaceuticals, Inc. fell 14.2% to $5.90 in pre-market trading after reporting worse-than-expected quarterly revenue [4] - Trivago NV – ADR declined 13.3% to $4.20 in pre-market trading after its quarterly results [4] - Hackett Group Inc. fell 13.3% to $19.75 in pre-market trading after issuing a weak third-quarter forecast [4] - Paysign Inc. dropped 11.5% to $6.30 in pre-market trading after reporting Q2 EPS below estimates [4] - The Mosaic Company fell 4.7% to $33.99 in pre-market trading following weak quarterly earnings [4]

1. 8月6日(周三)美股盘前，美股三大股指期货齐涨。截至发稿，道指期货涨0.35%，标普500指数期货涨0.24%，纳指期货涨 0.23%。 2. 截至发稿，德国DAX指数涨0.02%，英国富时100指数涨0.20%，法国CAC40指数涨0.28%，欧洲斯托克50指数涨0.22%。 3. 截至发稿，WTI原油涨1.63%，报66.22美元/桶。布伦特原油涨1.52%，报68.67美元/桶。 | 瑞 伦敦布伦特原油 | 2025年10月 | 68.67 | 68.81 | 67.65 | +1.03 | +1.52% | | --- | --- | --- | --- | --- | --- | --- | | 雪 WTI原油 | 2025年9月 | 66.22 | 66.34 | 65.12 | +1.06 | +1.63% | 市场消息 降息预期凌乱，华尔街投行"吵"起来。美国"非农"数据暴雷令美联储降息预期飙升，但本周华尔街知名投行对降息分歧却在加 大。高盛、花旗均认为，9月或激进降息，摩根大通甚至认为今年可能降息125个基点。然而，美银认为今年美联储或按兵不 动，巴克莱和汇丰同样态度谨慎。未来几个月将 ...

Market Overview - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.35%, S&P 500 futures up by 0.24%, and Nasdaq futures increasing by 0.23% [1] - European indices also show positive movement, with Germany's DAX up by 0.02%, UK's FTSE 100 up by 0.20%, France's CAC40 up by 0.28%, and the Euro Stoxx 50 up by 0.22% [2][3] - WTI crude oil prices increased by 1.63% to $66.22 per barrel, while Brent crude oil rose by 1.52% to $68.67 per barrel [3][4] Economic Insights - There is a growing divergence among Wall Street investment banks regarding interest rate cuts, with Goldman Sachs and Citigroup suggesting aggressive cuts in September, while Bank of America and Barclays remain cautious [4] - The upcoming months are critical for determining the Federal Reserve's interest rate decisions, especially if employment and inflation data continue to show weakness [4] - Concerns about the credibility of government data have arisen following President Trump's criticism of employment data, which could impact the TIPS market significantly [5] Company News - Supermicro (SMCI.US) reported a 7.5% year-over-year increase in Q4 sales to $5.76 billion, but this fell short of market expectations of $6.01 billion, leading to a nearly 17% pre-market drop [7][8] - AMD (AMD.US) saw a 32% year-over-year revenue increase to $7.7 billion in Q2, but its adjusted earnings per share of $0.48 fell below expectations, resulting in a nearly 6% pre-market decline [8] - Novo Nordisk (NVO.US) reported a 32% year-over-year increase in net profit for Q2, driven by strong sales of its semaglutide products, which generated $16.68 billion in revenue [9] - Honda (HMC.US) adjusted its full-year guidance upward despite a 1.2% year-over-year decline in Q1 revenue, anticipating a reduction in tariff-related losses [10] - McDonald's (MCD.US) reported a 5.4% year-over-year revenue increase in Q2, exceeding expectations, with same-store sales growth driven primarily by higher customer spending [11] - Uber (UBER.US) exceeded revenue expectations for Q2, reporting $12.65 billion, and provided a positive outlook for Q3 [11] - Disney (DIS.US) reported Q3 earnings that surpassed expectations, although traditional TV revenue fell short, overshadowing strong performance in theme parks and streaming [12] - Lucid (LCID.US) reported a Q2 adjusted loss of $0.24 per share, below expectations, and lowered its annual production guidance to 18,000-20,000 vehicles [13] - Snap (SNAP.US) experienced a significant drop in advertising revenue growth, leading to a nearly 18% pre-market decline following its Q2 earnings report [13]

Group 1 - Major stock index futures are showing positive trends, with Dow futures up 0.29%, S&P 500 futures up 0.23%, and Nasdaq futures up 0.06% [1] - Chinese concept stocks are mixed in pre-market trading, with Alibaba up 1.53%, Pinduoduo up 1.07%, JD down 0.03%, Baidu up 0.87%, and Li Auto down 3.09% [1] - Uber's stock is up 2.3% in pre-market trading ahead of its Q2 earnings report scheduled for release before market open on Wednesday [1] Group 2 - AMD's stock is down over 6% in pre-market trading after reporting Q2 revenue that exceeded expectations but a significant drop in operating profit margin to 12% from 22% year-over-year, with adjusted net income of $781 million, down 31% year-over-year [1] - Advanced Micro Devices (AMD) has lowered its revenue guidance for the next quarter to between $6 billion and $7 billion, with adjusted earnings per share expected between $0.40 and $0.52. The revenue forecast for fiscal year 2026 has been reduced from $40 billion to $33 billion, a decrease of 17.5% [2] - Novo Nordisk's weight loss drug Wegovy saw a 67% increase in Q2 sales, reaching 19.53 billion Danish kroner [2] Group 3 - The U.S. Department of Health has withdrawn approximately $500 million in funding for mRNA vaccine development, affecting major vaccine manufacturers including Pfizer, Moderna, and Sanofi, with Pfizer down 0.3%, Moderna down 0.3%, and Sanofi down 0.4% [2] - Disney has made a significant move by exchanging equity in ESPN for core assets from the NFL, establishing a deep partnership with one of the most commercially valuable sports IPs in the U.S., resulting in a 3.3% increase in Disney's stock [3]