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BullDigest's April 24 Pre-Market Summary of Super Micro Computer, Inc.

  • 4 days ago
  • bulldigest.com
  • Keywords: Pre-Market, Summary, Super Micro Computer, Inc.

Check out BullDigest's April 24 Pre-Market Summary of Super Micro Computer, Inc.. We provide a summary of the key news before the market opens.

Pre-Market SummaryENPHsentiment_dissatisfiedPLTRsentiment_satisfiedSMCIsentiment_satisfied

Estimated market influence

Enphase Energy

Enphase Energy

Negativesentiment_dissatisfied
Analyst rating: N/A

Weak Q2 outlook due to tariffs affecting gross margin.

Palantir Technologies

Palantir Technologies

Positivesentiment_satisfied
Analyst rating: Neutral

Potential gains in the AI sector.

Super Micro Computer

Super Micro Computer

Positivesentiment_satisfied
Analyst rating: Neutral

High short interest suggesting potential short squeeze if shares rally above $35.

IBM

Neutralsentiment_neutral
Analyst rating: N/A

Evaluating potential reversal after post-market drop; reaffirmed full-year expectations despite weak revenue growth.

Context

Trading Insights for Thursday

Enphase Energy (ENPH)

  • Short position consideration: Weak Q2 outlook due to tariffs.
  • Q1 non-GAAP EPS: $0.68 on revenue of $356.08M (+35.2% YoY).
  • Tariffs expected to reduce gross margin by 2% in Q2 and 6-8% by Q3.

Palantir (PLTR)

  • Monitor for continued gains: Potential growth in the AI sector.

Super Micro Computer (SMCI)

  • Shares closed up nearly 8% at $32.90.
  • High short interest: 19.58%, suggesting potential short squeeze if price rallies above $35.

IBM (IBM)

  • Evaluate potential reversal of 6.5% post-market drop.
  • Q1 non-GAAP EPS: $1.60 on revenue of $14.54B (+0.6% YoY).
  • Despite weak revenue growth, reaffirmed full-year expectations.