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Chip Stocks Look Set to Extend Rally
The Wall Street Journal91d agobullish
Chip Stocks Look Set to Extend Rally

Chipmakers are the most actively traded U.S. stocks ahead of the opening bell, setting the stage for another tech-led rally. In recent premarket action: Intel (INTC) is the most traded stock by volume, according to Dow Jones Market Data, and is up about 6%.

Super Micro forecasts quarterly revenue above estimates, shares climb
Reuters91d agobullish
Super Micro forecasts quarterly revenue above estimates, shares climb

Super Micro Computer on Tuesday forecast fourth-quarter revenue and adjusted profit above Wall Street estimates, ‌banking on robust demand for its artificial intelligence servers, ‌sending shares up 17% in extended trading. "With the addition of our ‌new U.S. manufacturing facilities ⁠in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and ⁠enterprise verticals," CEO Charles Liang said in a statement. The company projected fourth-quarter revenue in the range of $11 billion to $12.5 billion, compared ​with analysts' ​average estimate of $11.07 billion, according ​to data compiled by LSEG.