Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Uber to Acquire Delivery Hero in $14.8 Billion Deal to Expand Global Food Delivery Business 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
Eli Lilly Eyes AtaiBeckley Acquisition to Expand Psychedelic Mental Health Pipeline 
Airbus Signs Cloud Deal With Scaleway to Power Secure AI and Defense Applications 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
Supermicro (NASDAQ: SMCI) saw its stock plunge nearly 8% on Monday ahead of its crucial financial update on February 25. The AI server maker is expected to file its delayed fiscal year and quarterly reports by this date.
Supermicro has been a hot stock since reporting preliminary Q2 results on February 11. Investors weren’t focused on past earnings but on its bullish 2026 revenue forecast of $40 billion—an ambitious target reflecting up to 70% growth from 2025. CEO Charles Liang even suggested the projection might be “conservative,” citing demand from NVIDIA’s (NASDAQ: NVDA) Blackwell server ramp.
Since the forecast, SMCI shares have surged 34%, partly due to short covering. The stock had been heavily shorted in 2024 following a critical report from Hindenburg Research, which alleged accounting irregularities. The scrutiny intensified when Supermicro’s former auditor resigned over corporate governance concerns.
Despite the volatility, Supermicro’s upcoming earnings report will be crucial. Investors will also watch NVIDIA’s earnings release on February 26, which could further influence SMCI’s trajectory.
