To The Moon

- Singapore's $Grab Holdings$ raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses.U.S.-listed shares of the company rose over 13% in extended trading.The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion.Its mainstay food delivery business has been recovering from a post-pandemic slump in demand as consumers incre

Super Micro Computer says it would be selling a lot more servers -- if only it had Nvidia's latest chips. Unfortunately, investors can no longer afford to take the company at its word.The specialized server maker that began the year as one of the hottest names in artificial intelligence has now become too cold to touch. In an unaudited "business update" Tuesday afternoon, Super Micro reported preliminary revenue between $5.9 billion to $6 billion for its fiscal first quarter ended September, which was below the company's prior forecast range of $6 billion to $7 billion. The numbers are preliminary because Super Micro has no auditor after Ernst & Young bailed last week in one of the more colorful exits in memory. The Big Four accounting firm said it was "unwilling to be associated with the financial statements prepared by management" in its resignation letter, according to a filing by Super Micro.