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S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
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Super Micro Price Target Cut to $675.00/Share From $775.00 by Goldman Sachs
Express News | Goldman Sachs Maintains Neutral on Super Micro Computer, Lowers Price Target to $675
CT John : ? When?
Capital Gains : their margins are dropping this company aint worth what it once was. their big clients are threating to leave unless they drop prices.. there margins went from in mid 20s to 11% this quarter.. the next quarter probably gonna be worse