Stock Movers American Eagle Outfitters Drops, Cboe Falls, Super Micro Computer Gains on DataVolt Pact
May 14, 2025
American Eagle Outfitters faces a stock plunge after withdrawing its annual guidance due to discounting issues and inventory write-downs. Meanwhile, Cboe Global Markets suffers from a double downgrade by Morgan Stanley, reflecting broader economic concerns. On a brighter note, SuperMicro's stock soars after securing a lucrative multi-year partnership with Saudi Arabia's DataVolt, potentially transforming the AI infrastructure landscape. Tune in for insights on how these shifts are shaping the stock market!
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American Eagle's Inventory Challenges
- American Eagle Outfitters faced a significant inventory write-down of $75 million due to unsold spring and summer merchandise.
- This reflects challenges in matching product with demand and cautiousness among U.S. consumers.
Cboe Impacted by Trade De-escalation
- Morgan Stanley downgraded Cboe Global Markets stock due to quicker-than-expected U.S.-China trade de-escalation.
- Lower volatility reduces options trading volume, hurting firms like Cboe that benefit from market turbulence.
Super Micro’s Big Saudi Deal
- Super Micro Computer's stock surged almost 13% following a $20 billion partnership with Saudi data center company DataVolt.
- The deal highlights growing demand for AI and data center infrastructure globally, though details on deployment locale remain unclear.