The Nasdaq Composite index closed at a record high in mid-December as tech continued to drive returns ahead of the last Federal Reserve policy meeting of the year.Having recently smashed through the 20,000 mark, the index closed at 20,173.89 on 16 December, boosted by sharp jumps for Tesla (TSLA:NASDAQ) and chipmaker Broadcom (AVGO:NASDAQ).The Nasdaq 100 also closed at an all-time high 22,096.66.B

Despite a sell-off on Wednesday (27 November) on the back of stubbornly strong inflation, US markets still put in a strong performance over five days with the S&P 500 index closing above 6,000 (26 November) before easing back. October's PCE (personal consumption and expenditure) data showed a steeper-than-expected rise in prices, while the economy and employment remain robust, raising concerns the

Dell slumps 13% pre-market on soft guidanceEnterprise and consumer PCs/laptops refresh hits bumpAI kit orders soar but components shortage a worryTexas-headquartered Dell Technologies (DELL:NYSE) is doing the right things, judging by latest earnings. Shares in the company lost 13% pre-market after issuing soft guidance for the fourth quarter despite Q3 earnings beating expectations.Dell is a major

After a post-election lull, US stock markets got back to winning ways this week with broad gains, led by the small cap Russell 2000 index and the technology heavy Nasdaq leading the charge.Weekly jobless claims fell 6,000 to a seasonally adjusted 213,000, a new six-month low, suggesting a bounce in jobs growth in November from a hurricane and strike impacted October.US existing home sales also reb

Stocks jumps 30% after appointing new audit firmRally added nearly $4 billion to market capDark clouds hanging over Super Micro since Ernst & Young resignedComputer servers maker Super Micro Computer (SMCI:NASDAQ) saw its share price surge overnight after it named BDO USA as its auditor and said it had submitted a plan to Nasdaq seeking more time to comply with listing rules. In a wild trading ses

It's been a bleak September for AI (artificial intelligence) super computer manufacturer Super Micro Computer (SMCI:NASDAQ), a popular stock with retail investors. First targeted by Nathan Anderson's short selling firm Hindenburg Research at the end of August, it is now reportedly facing a Department of Justice probe. A prosecutor in the US attorney's office in San Francisco has asked for informat

It's another strong end to a firm week for US markets with the S&P 500 hitting a new record following the release of upbeat US economic data.The Cassandra's have been talking down the US economy for a while, but a slate of fresh data supported a solid economy, easing fears that perhaps the Federal Reserve is cutting rates aggressively because of a potential slowdown.The S&P 500 closed at a record

Improper revenue recognition among list of accusationsInvestors largely shrug off report after temporary sell offSuper Micro Computer stock has rallied more than 90% this yearShort seller Hindenburg Research has launched an attack on popular server computer maker Super Micro Computer (SMCI:NASDAQ), yet investors have largely shrugged off the report.Having initially slumped by around 8% in response

A disastrous start to the week for the US market, as some poor corporate results, weak US economic data and the unwinding of the yen carry trade conspired to drag stocks lower, was gradually wiped out as the week went on.<img src="https://datawrapper.dwcdn.net/keg6i/full.png" alt="" data-mce-fragment="1" data-mce-src="https://datawrapper.dwcdn.net/keg6i/full.png">&amp

What is the best performing S&P 500 stock so far this year? AI (artificial intelligence) chip champ Nvidia (NVDA:NASDAQ) maybe? Weight loss wonder Eli Lilly (LLY:NYSE) or bitcoin proxy MicroStrategy (MSTR:NASDAQ) perhaps? No, no, and no.The gong goes to another AI story stock, Super Micro Computer (SMCI:NASDAQ), even after the past month's 16% decline. Super Micro is finding a home in ever more in

Analysts widely see chip firm beating and raisingYear-on-year net income set for $11 billion surgeWill have massive implications right across major marketsJust as Glastonbury go'ers might love a bit of Paul Heaton, Paloma Faith and Sza, it's Coldplay and Dua Lipa that will headline the Pyramid stage this summer. So far, the first quarter earnings support acts have been good, now for the main event

It was another topsy-turvy week for US markets buffeted by macro data which revealed stronger than expected wage growth on Tuesday (30 Apr) after the employment cost index rose 1.2% compared with 1% expected by economists.Labour costs increased 4.2% year on year in the first quarter, a similar pace to the prior quarter which gives the Fed little wriggle room to cut interest rates anytime soon. Fed

US-listed large-caps shone last year with shares in mega-caps, and the ?Magnificent Seven? in particular, surging higher. However, this outperformance only widened the valuation gap between US large and small-caps and left shares in the latter cohort languishing at the low end of historical valuations.Over one and five years, the Russell 2000 index of US small-cap stocks is up 14.6% and 30.5% at t

US telco stocks have outstripped the performance of tech this yearTelco earnings growth has averaged 10% a year over the past threeEntertainment sub-sector projected earnings growth of 25.9% in 2024Global equities have been on a relative tear so far this year led by Japan. Among major indices, the Nikkei 225 tops the lot, its 21.9% rise beating the rallies of US, Indian and European peers, and sma

There is no hotter area to invest in today than artificial intelligence, or AI as it is commonly known, and there is no hotter stock to buy than Super Micro Computer (SMCI:NASDAQ). But should you? In 2024 to date the shares are up 219.1%, notwithstanding a recent wobble, leaving the market cap topping $50 billion. That?s after clocking up 246% returns in 2023. Put another way, on 30 December 2022,

Shares in US data centre hardware outfit Super Micro Computer (SMCI:NASDAQ) have extended their remarkable gains over the last 12 months to 491% as the company flagged an exceptional second quarter performance (19 January).Revenue for the three-month period to 31 December is expected to total between $3.6 billion and $3.65 billion, well in excess of previous guidance of $2.7 billion to $2.9 billio