Super Micro Computers (SMCI) is the artificial intelligence supplier to watch today. Despite not filing its 10K, markets will respond positively to the quarterly results and FY2026 forecast.
In Q2, SMCI posted preliminary Q2 revenue rising by 54% Y/Y in the range of $5.6 billion to $5.7 billion. It earned up to $0.60 a share. The firm also said it would issue $700 million worth of 2.25% Convertible Senior Notes due 2028.
The firm expects to file its quarterly reports by Feb. 25.
In the chemicals business, watch DuPont (DD). In Q4, sales grew by 7%. CEO Lori Koch is prioritizing organic sales growth. It will also increase shareholder value by spinning off its electronics business by November 1, 2025.
In the EV market, Tesla (TSLA) is at risk of giving up its post-election rally. Markets previously thought his role in government would benefit Tesla. However, CEO Elon Musk and a consortium offered a below-market bid for OpenAI. In Europe, sales dropped sharply.
Customers simply do not want to buy a Tesla EV that is associated with Musk’s political affiliation.
Tesla sales also fell in California. This is worrisome since that state is the largest car market which could hurt Tesla’s revenue prospects this year.
