Stock Movers Super Micro Computer Gains, AMD Rises, Aurora Innovation Falls after Uber Announcement
May 14, 2025
SuperMicro is on a winning streak thanks to a major partnership with a Saudi data center firm. Meanwhile, AMD's stock rises as they announce a hefty share repurchase plan, signaling confidence in their market position. On the flip side, Aurora Innovation sees its shares tumble after Uber's convertible offering, raising concerns about its future. This whirlwind of gains and losses highlights the dynamic world of tech stocks!
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SuperMicro's Saudi Partnership Boost
- SuperMicro Computers' stock surged due to a multi-year partnership with Saudi Arabia's DataVolt.
- This deal aims to fast-track delivery of ultra dense GPU platforms, boosting SuperMicro's market momentum.
AMD Gains from Saudi AI Deals
- AMD and NVIDIA will supply semiconductors for Saudi Arabian AI projects, linked to a new US initiative easing tech export restrictions.
- AMD shares rose from this opportunity despite being down about 2% for the year.
Aurora Shares Decline Post Uber News
- Aurora Innovation's shares plunged about 17% following Uber's announcement of a $1 billion convertible note linked to Aurora shares.
- The move indicates market concern over Uber's convertible offering diluting Aurora's stock.