SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
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Super Micro stock edges higher after a 28% plunge. Investors weigh a massive $7B financing plan to fund $39B in AI server demand. Read more.
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A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
NetApp delivered record Q1 fiscal 2027 results with EPS up 66.5% to $2.58 and revenues climbing 29.9% to $2.03 billion, driven by strong AI spending and all-flash array sales reaching $1.31 billion. The company raised full-year guidance to $7.975-$8.225 billion in revenues with EPS of $9.73-$10.03, reflecting 17% and 22% growth respectively.
The global Data Center Solutions Market is projected to grow from USD 535.45 billion in 2026 to USD 1,336.55 billion by 2031, with a CAGR of 20.1%. Growth is driven by increasing demand for AI infrastructure, high-density computing, intelligent power systems, advanced cooling, and software-defined infrastructure. The software segment is the fastest-growing component at 24.7% CAGR, while Asia Pacific is the fastest-growing region.
Super Micro Computer shares are trading higher in sympathy with Dell Technologies, which reported Q2 results yesterday after market close.