Super Micro Computer Teeters On Edge Of Nasdaq 100: Can XAI, Nvidia Help Stabilize Trajectory?
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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Super Micro Computer Has Soared Over 65% in the Last Month. Is It Too Late to Buy?
U.S. stocks are fluctuating | The market is concerned about the company being removed from the NASDAQ 100 Index, Super Micro Computer (SMCI.US) is down more than 5% in pre-market trading.
On Wednesday, Super Micro Computer (SMCI.US) fell more than 5% in Pre-Market Trading, trading at $38.42.
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Super Micro Stock Falls. CEO Fails to Reassure Market About SMCI's Nasdaq Future. -- Barrons.com