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Super Micro’s stock drops after analyst says stop buying until outlook improves

admin by admin
July 10, 2024
in Business
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Super Micro’s stock drops after analyst says stop buying until outlook improves
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Super Micro’s stock dropped Wednesday, after the Nomura’s Donnie Teng backed away from his bullish call, saying further gains appear limited given uncertainties about the artificial-intelligence play’s order outlook.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 994 Like on Twitter 1861858357440651714 4994 Twitter 1861858357440651714
kobeissiletter The Kobeissi Letter @kobeissiletter ·
13h

You can’t make this up:

US personal savings have just been revised down by a MASSIVE $140 billion for 2024.

The savings rate for September was revised to 4.1% from the 4.6% initially reported in October.

The rate for August was adjusted down to 4.4% from 4.8% reported last… https://x.com/i/web/status/1862249594387894694

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
18h

BREAKING: Investors bought just 16% of homes sold in the US in Q3 2024, the lowest share in 4 years.

This is ~5 percentage points below the record high seen in Q1 2022.

As a result, market share held by investors has declined toward pre-pandemic levels seen in 2019.

In total,… https://x.com/i/web/status/1862175353017602083

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Retweet on Twitter The Kobeissi Letter Retweeted
kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
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