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SMCI Underperforms Amid Broader Market Decline
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
SMCI Underperforms Amid Broader Market Decline
Super Micro Computer (SMCI) fell 1.35%, underperforming the S&P 500's 0.47% decline. Over the past month, SMCI dropped 7.55%, trailing its sector. Analysts project Q4 EPS of $0.75 (+33.93% YoY) and revenue of $5.8B (+58.32% YoY). SMCI trades at a forward P/E of 8.93, below the industry average of 13.93.
Tesla Signals Growth Amid Q4 Shortfall
Tesla reported Q4 revenue of $25.7B, missing estimates, with a 23% drop in operating income. The company pledged a 2025 return to growth, citing new vehicle models and FSD expansion. Deliveries fell 1% in 2024, marking its first YoY decline. Capex will exceed $11B, impacting margins amid a Model Y production shift.
Gold Surges as Trump Tariff Fears Boost Safe-Haven Demand
Gold hit a record $2,798.59 per ounce as a weaker dollar and Trump’s tariff threats fueled demand. The ECB rate cut and slowing U.S. GDP growth intensified stagflation concerns, reinforcing gold’s appeal. Analysts expect further gains as central banks shift reserves and inflation risks persist.
🪙 Crypto
Grayscale Seeks XRP ETF Amid Crypto ETF Expansion
Grayscale filed with the NYSE to convert its XRP Trust into a spot ETF, joining a broader push for crypto ETFs. The move follows its filings for Litecoin and Solana ETFs and the launch of its Bitcoin Miners ETF. Grayscale is now the seventh firm seeking an XRP ETF, amid shifting SEC dynamics post-Gensler.
🌎 Global Economy
WTO Economist Warns of Trade Uncertainty Amid Policy Shifts
WTO Chief Economist Ralph Ossa argues that global trade remains resilient but faces increasing fragmentation along geopolitical lines. While US-China trade slows, broader trade flows remain stable. Ossa warns that policy uncertainty, tariffs, and potential 'friendshoring' could reshape investment decisions and long-term trade dynamics.
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