Supermicro Stock Surges Amid Delisting Concerns
TL;DR Summary
The S&P 500 rose 0.4% on Friday, capping a strong week for stocks driven by positive earnings from Nvidia and major retailers. Super Micro Computer led the S&P 500 with an 11.6% gain, marking its fourth top daily performance this week, following a compliance plan to avoid delisting and a mention in Nvidia's earnings call. Copart and Moderna also saw significant gains, while Intuit shares fell 5.7% due to a disappointing outlook. The Dow increased by 1%, aided by Boeing, while the Nasdaq ended slightly up.
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- Supermicro Shares Soar as It Looks to Avoid Being Delisted. Is Now a Good Time to Buy the Beaten-Down Stock? The Motley Fool
- SMCI Stock Jumps Higher. Super Micro Delisting Fears Remain. Barron's
- What's Happening With Super Micro Stock? Forbes
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