Wall Street Breakfast Super Micro surges as delisting fears fade
Feb 26, 2025
Super Micro's stock skyrockets after filing delayed reports, alleviating fears of delisting. Tesla faces challenges as its market cap dips below $1 trillion due to falling European sales. Geopolitical tensions rise as China accuses Taiwan of offering its chip industry to the U.S. as a 'souvenir.' Get insights on how these developments are shaping the market landscape and impacting investor sentiments.
AI Snips
Chapters
Transcript
Episode notes
Supermicro's Stock Surge
- Supermicro (SMCI) stock surged 26% pre-market after filing delayed financial reports to the SEC, avoiding delisting.
- The company disagreed with Ernst & Young's resignation and reasons behind it.
Tesla's Market Cap Drop
- Tesla's market cap dropped below $1 trillion after an 8.39% stock decline, closing at $302.80.
- European sales fell 45% in January, contributing to the decline, despite a 51% rise in the past year.
China's Accusation Against Taiwan
- China accused Taiwan of offering its semiconductor industry to the US for political leverage.
- This accusation follows unconfirmed reports of Taiwan Semiconductor Manufacturing Co. (TSMC) seeking a stake in Intel.