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Latest in Super Micro's $50 billion stock collapse underscores risk of AI hype

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  • Super Micro's $50 billion stock collapse underscores risk of AI hype

    Since being added to the S&P 500 in March, Super Micro has lost about two-thirds of its value and now faces the risk of Nasdaq delisting.
    Business - CNBC - 2 hours ago

  • Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%

    Super Micro filing indicates Ernst & Young flagged governance concerns back in July, which was before a short seller’s report put them on the minds of investors.
    Business - MarketWatch - 21 hours ago

  • This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline

    The Hennessy Cornerstone Growth Fund follows a highly rated strategy of selecting its entire portfolio from scratch once a year.
    Business - MarketWatch - October 19

  • Wall Street Giants to Make $50 Billion Bet on AI and Power Projects

    KKR and Energy Capital Partners plan to invest in development of data centers and the power infrastructure to support them.
    Tech - The Wall Street Journal - Yesterday
  • Decimated 49ers still have no answer for Patrick Mahomes and Chiefs

    Decimated 49ers still have no answer for Patrick Mahomes and Chiefs

    San Francisco is looking to hand Patrick Mahomes & Co. their first loss since last year's Christmas Day. Follow that game and more here.
    Sports - Yahoo Sports - October 20

  • Super Micro Computer Tumbles After Auditor EY Resigns

    Ernst & Young has resigned as the auditor for Super Micro Computer after finding that it can no longer rely on management’s misrepresentations.
    Tech - The Wall Street Journal - Yesterday
  • What the Budget means for your money

    What the Budget means for your money

    Key measures on tax, investments, pensions and property
    Business - Financial Times - Yesterday
  • The Budget in brief: what you need to know

    The Budget in brief: what you need to know

    A quick guide to the UK chancellor’s main policy announcements and official economic forecasts
    Business - Financial Times - 23 hours ago
  • Super Micro Computer shares drop by one-third after EY resigns as auditor

    Super Micro Computer shares drop by one-third after EY resigns as auditor

    Server maker said in August it would delay the release of its fiscal year 2024 results
    Business - Financial Times - 23 hours ago

  • Super Micro Computer's shares plunge 33% after server maker's accounting firm quits

    Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as its public accounting firm
    Tech - ABC News - 22 hours ago

  • Amgen’s stock falls as analyst warns that hype around obesity drug is baked in

    Truist analyst Srikripa Devarakonda backs away from bullish call as competition mutes potential for biotech’s drug pipeline.
    Business - MarketWatch - October 14

  • Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier

    Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.
    Business - CNBC - 23 hours ago

  • Ingram Micro could be worth more than $5 billion in return to public markets

    Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than ...
    Business - MarketWatch - October 15

  • Hurricane Milton’s insured losses could reach $50 billion, says Verisk

    Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.
    Business - MarketWatch - October 16

  • Helene, Milton losses expected to surpass "truly historic" $50 billion each

    Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.
    Top stories - CBS News - October 17
  • G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

    G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

    The economic lifeline is expected to be disbursed by the end of the year.
    Business - The New York Times - October 24

  • Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

    Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warming
    World - Financial Times - 18 hours ago

  • Chinese sanctions hit US drone maker supplying Ukraine

    Beijing’s move leaves California company rushing to find new battery providers
    World - Financial Times - 5 hours ago

  • The stock market is ready for its melt-up as investors ignore growing risks

    Setting the stage for another show of irrational exuberance.
    Business - MarketWatch - October 22

  • JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses

    JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.
    Business - MarketWatch - 2 days ago
  • US and European hydrogen stock prices collapse as prospects deflate

    US and European hydrogen stock prices collapse as prospects deflate

    Projects face lower than expected demand, regulatory uncertainties and growing investor scepticism
    Business - Financial Times - 4 days ago
  • Atari Super Pocket Preorders Live At Amazon - 50 Built-In Games, Cartridge Slot, Only $60

    Atari Super Pocket Preorders Live At Amazon - 50 Built-In Games, Cartridge Slot, Only $60

    Super Pocket Atari Edition $60 | Releases October ...
    Tech - GameSpot - October 13
  • Steelers celebrate 50th anniversary of first Super Bowl: 50 facts about Pittsburgh's 1974 championship team

    Steelers celebrate 50th anniversary of first Super Bowl: 50 facts about Pittsburgh's 1974 championship team

    The team will be honored during Sunday night's game against the Jets
    Sports - CBS Sports - October 18

  • ASML share plunge wipes over $50 billion off Dutch chip giant's value

    ASML published its third-quarter earnings Tuesday, a day earlier than expected.
    Business - CNBC - October 16
  • U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

    U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

    Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.
    Business - The New York Times - October 22
  • Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

    Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

    British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...
    World - ABC News - 18 hours ago

  • ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

    American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.
    Business - CNBC - October 14
  • Treasury Department now using AI to save taxpayers billions

    Treasury Department now using AI to save taxpayers billions

    The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.
    Top stories - NBC News - October 17
  • Treasury Department uses AI to recover $1 billion in fraud

    Treasury Department uses AI to recover $1 billion in fraud

    The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency ...
    Politics - The Hill - October 17
  • Perplexity AI Hopes to Double Its Valuation to $8 Billion

    Perplexity AI Hopes to Double Its Valuation to $8 Billion

    The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.
    Business - Inc. - October 20

  • Perplexity AI seeks valuation of about $9 billion in new funding round

    Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.
    Business - CNBC - October 21

  • ServiceNow flirts with $200 billion market cap as AI momentum draws cheers

    ServiceNow’s stock is on track for a record close Thursday following an upbeat earnings report.
    Business - MarketWatch - October 24

  • Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

    Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.
    Business - CNBC - 3 days ago
  • Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake

    Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake

    The sharp rise in the share price of the parent of Truth Social has added about $2 billion to the net worth of former President Donald J. Trump.
    Business - The New York Times - October 15

  • Lucid stock tumbles following public offering to raise $1.67 billion

    Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
    Business - CNBC - October 17
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Topics
  • Super Micro's Billion
  • Micro's Billion Stock
  • Billion Stock Collapse
  • Stock Collapse Underscores
  • Collapse Underscores Risk
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