24H|SMCI Rose 8%; Nvidia and Sea Rose 2%; Nu Holdings Slipped 3%; Oklo Dipped 1%

Tiger Newspress
05/14

SUPER MICRO COMPUTER INC rose 8% in overnight trading after suring 16% on Tuesday. Analysts at Raymond James initiated coverage on shares of the server maker at Outperform with a price target of $41. The analysts called the company " a market leader in AI-optimized infrastructure," noting that artificial-intelligence platforms presently make up nearly 70% of Super Micro's revenue.

Southeast Asian technology firm Sea Ltd Ltd shares rose 1.8% in overnight trading after jumping 8% on Tuesday on reporting a 30% surge in first-quarter revenue, helped by steady growth across its diverse set of businesses.

NVIDIA shares rose 1.8% in overnight trading after jumping 6% on Tuesday. Boosting the stock was optimism about sales in Saudi Arabia and Nvidia's coming earnings report.

Nu Holdings shares slipped 3% in overnight trading after posting on Tuesday a 37% increase in its adjusted net profit from a year earlier, slightly missing analysts' estimates.

Oklo narrowed its loss in the first quarter and named a new chief technology officer. The Santa Clara, Calif., company on Tuesday posted a loss of $9.8 million, or 7 cents a share, in the quarter ended March 31, compared with a loss of $24 million, or 34 cents a share, the year before. Shares dipped 1% in overnight trading.

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