Wall Street Breakfast Super Micro gains on preliminary Q2 report
Feb 12, 2025
Super Micro Computer shares soar following promising preliminary Q2 results and a hefty $700M private placement. Amazon is venturing into physical retail with its first beauty and health store in Italy. Meanwhile, Netflix continues its innovative streak by opening a themed restaurant on the exciting Las Vegas Strip. The podcast also touches on the latest stock movers and broader market trends, providing insights for savvy investors.
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Supermicro's Performance and Investigation
- Supermicro's Q2 results show a 54% year-over-year revenue increase, reaching $5.6-$5.7 billion.
- Despite this growth, the company faces an ongoing financial investigation and delayed report filings.
Impact of Governance Issues on Supermicro
- Seeking Alpha analyst Jeremy of Kumquat Research suggests Supermicro's governance issues are impacting its operating results.
- The launch of NVIDIA's Blackwell presented a growth opportunity, but production ramp-up seems hampered by internal issues.
Amazon's New Retail Strategy
- Amazon is opening its first physical store in Italy, focusing on health and beauty products.
- This move contrasts with Amazon's previous closures of physical bookstores, pop-up shops, and apparel stores due to poor sales.