
Stock Movers Closing Bell: Super Micro Reports Lackluster Sales, Rivian Falls, Axon Soars
10 snips
Aug 5, 2025 The podcast dives into the rocky sales forecast from Super Micro, triggering a drop in their stock price amid shifting AI demands. Rivian is in hot water, projecting a bigger loss this year as new fuel economy rules impact revenue. On the bright side, Axon sees its shares soar after surpassing earnings expectations, hitting a record high. The hosts also touch on the broader implications of earnings reports from various companies, shedding light on market volatility and investment strategies.
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Amgen Raises Revenue Forecast
- Amgen raised its full-year revenue forecast based on strong sales of established medicines.
- Despite political pressure on drug prices, it maintains growth projections driven by its portfolio.
Rivian Faces Production and Regulatory Challenges
- Rivian reported a larger adjusted loss and lower vehicle delivery than expected.
- The company faces production challenges and stricter fuel economy rules impacting key revenue sources.
Personal Views on Rivian's Vehicles
- Matt Miller owns a large car collection and admires Rivian’s powerful vehicles.
- Carol Massar notes affordability is key given Rivian’s high prices limit wider adoption.
