Closing Bell: Super Micro Closes Higher, Qualcomm and Alphabet Report Earnings
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec
On this episode of Stock Movers:
- Super Micro (SMCI) closed 13.78% higher today after the company gave a forecast for sales in the current quarter that signaled strong demand for its gear to run AI data centers. Revenue will be at least $12.3 billion in the period ending March 31, the San Jose, California-based company said Tuesday in a statement.
- Qualcomm (QCOM) shares dropped in extended trading as the largest maker of smartphone processors, gave a lackluster revenue forecast for the current period. It stoked concern that component shortages will hurt consumer demand by driving prices up.
- Alphabet (GOOGL) shares sank more than 7% in afterhours trading. Alphabet said it was going to spend far more than planned in 2026, shocking investors on the cost of the artificial intelligence boom.
See omnystudio.com/listener for privacy information.
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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec
On this episode of Stock Movers:
- Super Micro (SMCI) closed 13.78% higher today after the company gave a forecast for sales in the current quarter that signaled strong demand for its gear to run AI data centers. Revenue will be at least $12.3 billion in the period ending March 31, the San Jose, California-based company said Tuesday in a statement.
- Qualcomm (QCOM) shares dropped in extended trading as the largest maker of smartphone processors, gave a lackluster revenue forecast for the current period. It stoked concern that component shortages will hurt consumer demand by driving prices up.
- Alphabet (GOOGL) shares sank more than 7% in afterhours trading. Alphabet said it was going to spend far more than planned in 2026, shocking investors on the cost of the artificial intelligence boom.
See omnystudio.com/listener for privacy information.
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