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Super Micro Computer Inc. Plummets 14.95% in After-Hours Trading Amid Financial Uncertainty

Market Watcher11-06

November 5th, 8:00 PM, after the US stock market opened, several stocks experienced significant fluctuations.

Super Micro Computer Inc. (SMCI) saw its stock price plummet by 14.95% in after-hours trading, drawing significant market attention.
The decline was primarily due to the company's disappointing sales guidance and the inability to predict when it will release its official financial report for the previous fiscal year. The company is facing the risk of being delisted from Nasdaq, with its stock price having already fallen by over 75%. The company's performance in the last and current quarters has failed to meet expectations, and the uncertainty surrounding the release of its annual report has exacerbated delisting concerns. In the second fiscal quarter, Super Micro Computer's net sales fell short of expectations, with analysts predicting $6.79 billion, but actual sales ranged between $5.5 billion and $6.1 billion. The stock fell by 4.69% in after-hours trading, which later expanded to a 13.5% drop. Additionally, the company has been unable to predict the submission time for its annual report.

Trump Media & Technology (DJT) saw a 13.88% increase in after-hours trading.
The rise was influenced by exit poll results showing that 44% of voters nationwide have a favorable view of Trump, compared to 48% for Harris. In Pennsylvania, 47% of voters view Trump favorably, compared to 46% for Harris; in North Carolina, 43% for Trump versus 48% for Harris; and in Georgia, 46% for Trump versus 49% for Harris. Despite the positive sentiment, Trump Media & Technology reported a 5% drop in after-hours trading, with a Q3 net sales of $1 million and a quarterly loss per share of $0.1.

NVIDIA's stock price rose by 2.9%, reaching a market value of $3.43 trillion, surpassing Apple's $3.38 trillion and Microsoft's $3.06 trillion. Additionally, NVIDIA is set to replace Intel in the Dow Jones 30 component stocks this week.
NVIDIA's total market value of $3.43 trillion has once again made it the world's most valuable company, surpassing Apple. On November 6th, the three major US stock indices collectively closed higher, with the Nasdaq up 1.43%, the S&P 500 up 1.23%, and the Dow Jones up 1.02%. Large tech stocks rose across the board, with Intel and Tesla up over 3%, NVIDIA and Meta up over 2%, and Amazon and Netflix up over 1%. Microsoft, Google, and Apple saw slight increases. Among them, NVIDIA's total market value of $3.43 trillion surpassed Apple, reclaiming the title of the world's most valuable company.

Coupang, Inc. (CPNG) reported strong financial results for Q3, with net revenues of $7.9 billion, a 27% year-over-year increase.
The growth was even higher on an FX-neutral basis, with a 32% year-over-year increase. The Product Commerce segment net revenues reached $6.9 billion, showing a 16% year-over-year increase. The Developing Offerings segment net revenues were $975 million, experiencing a significant growth of 347% year-over-year. Gaurav Anand, the CFO of Coupang, expressed satisfaction with the company's strong momentum and robust growth in revenues and margins. The company's gross profit for the quarter was $2.3 billion, adjusted EBITDA was $343 million (compared to the estimated $319.2 million), and net income was $64 million. The company's revenue for the quarter was $7.9 billion, surpassing the estimated $7.761 billion.

Today's After-Hours Gainers TOP5
FOXO Technologies (FOXO) After-Hours +19.25%
Revolve Group, LLC (RVLV) After-Hours +15.26%
Trump Media & Technology (DJT) After-Hours +13.88%
Xylo Technologies (XYLO) After-Hours +12.39%
Defiance Daily Target 2X Long MSTR ETF (MSTX) After-Hours +9.66%

Today's After-Hours Decliners Top5
Exact Sciences (EXAS) After-Hours -28.98%
Eos Energy Enterprises Inc. (EOSE) After-Hours -16.04%
Super Micro Computer Inc. (SMCI) After-Hours -14.95%
ZYVERSA THERAPEUTICS INC (ZVSA) After-Hours -9.84%
T-REX 2X INVERSE TESLA DAILY TARGET ETF (TSLZ) After-Hours -8.60%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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