Super Micro Computer reported quarterly earnings of $5.59 per share, beating the analyst consensus estimate of $4.93 by 13.39% and representing a 71.47% increase over earnings of $3.26 per share from the same period last year. The company reported quarterly sales of $3.67 billion. Quarterly sales beat the analyst consensus estimate of $3.06 billion by nearly 20% and is a 103.27% increase over sales of $1.8 billion year-over-year.
Last Wednesday, Baird analyst Ben Kallo initiated coverage on Nikola with an Outperform rating and announced a price target of $2. The analyst noted potential catalysts ahead for Nikola's EV truck and energy businesses in the form of manufacturing improvements, partnership announcements and hydrogen infrastructure build-out.
Several Chinese internet firms are trading lower Tuesday following a report from the South China Morning Post reported that Baidu, Inc.'s (NASDAQ:BIDU) Ernie Bot AI platform was being tested by a university affiliated with the Chinese military.
Elevai Labs, Inc. (NASDAQ:ELAB) shares are trading higher Tuesday after the company announced it signed an exclusive, worldwide manufacturing and processing technology licensing agreement with INmune Bio, Inc. (NASDAQ:INMB).
Rivian Automotive, Inc. (NASDAQ: RIVN) shares are trading higher Friday on continued upward momentum. The stock is up more than 18% over the past five days and more than 30% over the past month.