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- Why Super Micro Computer Stock Popped Today
Super Micro Computer (SMCI) shares rose 9.19% on Wednesday after the server maker announced preliminary results. It expects fiscal 2027 first-quarter revenue of $18.5 billion to $19.5 billion, well above its prior guidance of $14.5 billion to $15.5 billion and Wall Street's roughly $15 billion estimate, driven by rising AI demand. Gross margin is projected at 12% to 12.5%, up from 10.4% to 10.8%, due to a more favorable customer and product mix, and fellow server makers Dell and Hewlett Packard Enterprise also rose. The earnings call is scheduled for Nov. 3 at 5:00 p.m. ET.
- Supermicro Brings NVIDIA Aerial RAN Computer Solutions to the Network Edge with Nokia to Enable Low-latency AI Services
Super Micro Computer (SMCI) is working with Nokia to deploy AI-RAN from distributed cell sites to centralized network hubs, combining Nokia's RAN technology, the NVIDIA Aerial RAN Computer platform, and Supermicro infrastructure. The solution lets radio and AI workloads share the same infrastructure, supporting low-latency applications such as voice AI, vision AI, and physical AI. The companies say it can improve spectral efficiency, automate network operations, and optimize energy use, with a software-driven path toward AI-native 6G. Supermicro's dual-node ARC-Pro, with an NVIDIA Grace C1 CPU and RTX PRO 4500 GPU per node, delivers up to 1.6 PFLOPS of FP4 AI performance.
- Premarket movers: Super Micro, SCHMID Group and SpaceX surge
U.S. stock futures were mixed on Wednesday as investors weighed a heavy slate of earnings, AI developments and geopolitical uncertainty in the Middle East. Super Micro Computer jumped 12.7% premarket to $36.69 after forecasting quarterly revenue and profit margins above Wall Street estimates. SpaceX rose more than 8% and Tesla over 2% after Elon Musk said both companies formed independent special committees to evaluate a potential merger, though negotiations are early. SCHMID Group soared 12.5% after raising its full-year 2026 order intake target to more than €150 million, while Elevance Health gained 1.8% on third-quarter adjusted EPS of $6.99 versus a $4.70 consensus. Capital One rose 3.2% after adjusted EPS of $6.69 topped estimates by roughly 22%, and DigitalOcean climbed 3.7% after Piper Sandler upgraded it to Overweight.
- Social Buzz: Wallstreetbets Stocks Mostly Advancing Pre-Bell Wednesday; Super Micro Computer, SpaceX to Open Higher
- Nasdaq rises as SpaceX , Super Micro boost AI appetite
The Nasdaq rose as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix fell 2.5% after forecasting weaker-than-expected fourth-quarter profit. SpaceX jumped 10.7% after Elon Musk called a merger with Tesla 'a good idea', and posted its first profit as a public company. Super Micro surged 12% after forecasting quarterly revenue and profit margin above estimates, while data centre operator CoreWeave slipped 2.4%. At 9:54 am ET the Nasdaq Composite was up 0.56% at 26,572.61, with Brent crude trading near $110 a barrel.
- Nasdaq rises as SpaceX , Super Micro boost AI appetite
The Nasdaq gained as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix slipped 2.5% after a weaker-than-expected fourth-quarter profit forecast. SpaceX shares rose 10.7% after Elon Musk said a merger with Tesla would be “a good idea,” and Super Micro jumped 12% to the top of the S&P 500 after forecasting revenue and profit margin above Wall Street estimates. CoreWeave shares fell 2.4%, suggesting lingering caution after last week's AI-stock selloff. At 9:54 am ET, the Nasdaq Composite rose 0.56% to 26,572.61, the S&P 500 gained 0.23% and the Dow rose 0.17%. Brent crude traded near $110 a barrel, and markets largely expect the Fed to hold rates steady.
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The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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