Major U.S. equities indexes were mixed in the midweek session as chipmaking behemoth Nvidia and other major tech stocks rallied while trade and macroeconomic uncertainties weighed on most other sectors.
After more than a year of struggles and uncertainties, the market for Super Micro Computer NASDAQ: SMCI is ready to rebound, rebound strongly, and continue rallying on into the year's end. The reason is that the accounting issues are behind it, and the news cycle is increasingly positive.
The rally in Super Micro Computer (SMCI 17.61%) stock continued today as investors got another positive data point on the artificial intelligence (AI) server maker.
Tech sector volatility remains high due to tariffs and supply chain uncertainty; recent relief rallies may be temporary as risks persist, especially for semiconductors. Sara Awad, from Tech Stock Pros and Tech Contrarians, is bearish on NVIDIA at current levels, citing risks like double ordering, inventory write-downs, and overly optimistic growth expectations; July guidance is a key inflection...
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