Super Micro Computer Stock (NASDAQ: SMCI)

Dernières nouvelles pour Super Micro Computer (NASDAQ:SMCI) Stock

Super Micro Computer

Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.

Super Micro Computer, Inc. - Common Stock

Super Micro Computer Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$155.00</td>
<td>$45.1K</td>
<td>174.0K</td>
<td>260.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$30.00</td>
<td>$36.3K</td>
<td>33.8K</td>
<td>43.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$227.50</td>
<td>$54.2K</td>
<td>14.2K</td>
<td>30.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$550.00</td>
<td>$31.2K</td>
<td>4.7K</td>
<td>12.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$167.50</td>
<td>$38.5K</td>
<td>1.9K</td>
<td>12.1K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$360.00</td>
<td>$138.9K</td>
<td>3.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$136.00</td>
<td>$109.2K</td>
<td>2.5K</td>
<td>2.5K</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$26.0K</td>
<td>2.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$28.00</td>
<td>$98.2K</td>
<td>5.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$150.00</td>
<td>$27.0K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 4029 contract(s) at a $155.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $11.0 per contract. There were 174065 open contracts at this strike prior to today, and today 260113 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $121.0 per contract. There were 33874 open contracts at this strike prior to today, and today 43077 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 217 contract(s) at a $227.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $54.2K, with a price of $250.0 per contract. There were 14297 open contracts at this strike prior to today, and today 30643 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on November 22, 2024. This event was a transfer of 50 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $624.0 per contract. There were 4751 open contracts at this strike prior to today, and today 12223 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 100 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 1912 open contracts at this strike prior to today, and today 12121 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 142 contract(s) at a $360.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $138.9K, with a price of $977.0 per contract. There were 3442 open contracts at this strike prior to today, and today 3041 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 473 contract(s) at a $136.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $109.2K, with a price of $231.0 per contract. There were 2543 open contracts at this strike prior to today, and today 2546 contract(s) were bought and sold. 
• For RCAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 2673 open contracts at this strike prior to today, and today 2236 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a put option trade with bearish sentiment. It expires in 29 day(s) on December 20, 2024. Parties traded 390 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $98.2K, with a price of $252.0 per contract. There were 5055 open contracts at this strike prior to today, and today 2096 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 227 contract(s) at a $150.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $119.0 per contract. There were 1101 open contracts at this strike prior to today, and today 1472 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

DDOG

IONQ

MSTR

NVDA

RCAT

SMCI

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $2,286,540, and 9 were calls, valued at $866,659.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $24.0 and $75.0 for Super Micro Computer, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Super Micro Computer's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Super Micro Computer's substantial trades, within a strike price spectrum from $24.0 to $75.0 over the preceding 30 days.
<h3>Super Micro Computer Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732201572_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.3</td>
<td>$48.1</td>
<td>$48.8</td>
<td>$75.00</td>
<td>$1.4M</td>
<td>551</td>
<td>298</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$29.95</td>
<td>$28.6</td>
<td>$29.25</td>
<td>$53.00</td>
<td>$731.2K</td>
<td>1.4K</td>
<td>250</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.45</td>
<td>$3.3</td>
<td>$3.45</td>
<td>$30.00</td>
<td>$312.3K</td>
<td>12.8K</td>
<td>455</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.5</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$24.00</td>
<td>$205.4K</td>
<td>2.6K</td>
<td>335</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$35.00</td>
<td>$115.0K</td>
<td>5.2K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Super Micro Computer</h3>
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
In light of the recent options history for Super Micro Computer, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Super Micro Computer's Current Market Status</h3>
<ul>
<li>With a volume of 21,385,693, the price of SMCI is up 7.98% at $27.86. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 12 days.</li>
</ul>
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Markets

Smart Money Is Betting Big In SMCI Options

Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading higher on Thursday. The company announced it submitted a <a href="https://www.benzinga.com/pressreleases/24/11/b42099063/super-micro-computer-inc-nasdaq-non-compliance-update">compliance plan to the Nasdaq</a>.
What Happened: After the market close on Wednesday, Super Micro said it submitted a compliance plan to the Nasdaq after receiving a notification letter that it was not in compliance with the Nasdaq&#8217;s timely filing rule. The plan was submitted on Monday with respect to supporting the company&#8217;s request for an extension to regain compliance.
Super Micro said in the compliance plan that it believes it will be able to file both its annual report for the fiscal year ended June, 30 2024 and its quarterly report for the period ended Sept. 30, 2024 within the discretionary period that can be granted by the Nasdaq.
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/42109965/baidus-q3-earnings-revenue-slides-weak-online-ads-market-impact-margins">Baidu&#8217;s Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins</a>
The update comes after the company&#8217;s independent auditor resigned at the end of October over&nbsp;<a href="https://www.benzinga.com/quote/SMCI" target="_blank" rel="noreferrer noopener">governance and transparency concerns</a>. 
Super Micro on Monday announced that it <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42069253/supermicro-stock-is-rising-tuesday-whats-going-on">appointed BDO USA</a> as its new independent auditor, effective immediately.
&#8220;BDO is a highly respected accounting firm with global capabilities.&nbsp;This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency,&#8221; said&nbsp;Charles Liang, president and CEO of SuperMicro.
Super Micro has faced significant selling pressure since the company&#8217;s auditor raised concerns. The stock traded all the way down to around $17.25 per share last week before bouncing back. Super Micro shares are now up more than 43% over the past five trading sessions.
SMCI Price Action: Super Micro shares were up 5.23% at $27.18 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

News

Movers

Super Micro Computer Stock Is Rallying Thursday: What's Going On?

WIIM

Super Micro Computer shares are trading higher. The company announced it submitted a compliance plan to Nasdaq.

Huawei Technologies Co., Ltd.&nbsp;is set to initiate mass production of its latest AI chip, the Ascend 910C, in early 2025, despite facing significant hurdles due to U.S. trade restrictions.
What Happened: The Chinese telecom giant has already distributed&nbsp;samples of the Ascend 910C&nbsp;to various tech firms and begun accepting orders. The chip is designed to rival those from U.S. AI chipmaker&nbsp;Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Huawei remains a focal point in U.S.-China trade and security tensions, with Washington imposing restrictions over national security concerns, Reuters reported on Wednesday.
These U.S. curbs have impacted Huawei&#8217;s chip production, limiting its ability to achieve high yields necessary for commercial success. The Ascend 910C is produced by&nbsp;Semiconductor Manufacturing International Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) using its N+2 process. However, the absence of advanced lithography tools has restricted the chip&#8217;s yield to about 20%, a source revealed.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42023396/sean-parkers-net-worth-touches-3b-from-launching-napster-to-becoming-facebook-billionaire-the-story-of-teenage-hacker-turned-entrepreneur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sean Parker&#8217;s Net Worth Touches $3B: From Launching Napster To Becoming Facebook Billionaire, The Story Of Teenage Hacker Turned Entrepreneur</a>
Huawei&#8217;s current advanced processor, the 910B, also suffers from yield issues, leading to reduced production goals. U.S. restrictions have further complicated the situation by restricting access to critical lithography technology from Dutch manufacturer ASML. Despite these obstacles, Huawei plans to prioritize strategic government and corporate orders for its new chip.
Why It Matters: The U.S. has been tightening its grip on Huawei. In May, the Biden administration <a href="https://www.benzinga.com/markets/asia/24/05/38682654/biden-administration-tightens-grip-on-chinas-huawei-revokes-key-export-licenses-from-us-chipmakers">revoked export licenses </a>for major American semiconductor firms like Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), preventing them from supplying crucial chips to Huawei. This marked a significant escalation in the U.S. strategy to curb Huawei&#8217;s technological rise.
In October, U.S. lawmakers urged the Department of Commerce to take tougher action against <a href="https://www.benzinga.com/markets/asia/24/10/41368844/us-lawmakers-demand-tougher-action-on-huaweis-secretive-chip-network">Huawei&#8217;s alleged attempts </a>to bypass sanctions through a secretive network of semiconductor facilities. This included leveraging companies like Pengxinxu and SwaySure Technology.
Most recently, in November, the U.S. reportedly asked Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to halt shipments of advanced chips used in AI applications to Chinese customers <a href="https://www.benzinga.com/24/11/41867470/us-asks-tsmc-to-stop-shipment-of-chips-used-in-ai-applications-to-customers-from-china-after-its-chip-was-found-in-huawei-ai-processor">after discovering one</a> of its chips in a Huawei AI processor.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42079954/microsoft-ceo-satya-nadella-defends-bings-rise-against-googles-search-dominance-says-openais-partnership-with-apple-is-incremental-for-even-us?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satya Nadella Defends Bing&#8217;s Rise Against Google&#8217;s Search Dominance — Says OpenAI&#8217;s Partnership With Apple Is &#8216;Incremental&#8217; For Microsoft</a></li>
</ul>
Image via Shutterstock

General

INTC

QCOM

Huawei To Reportedly Take On Nvidia With Mass Production Of New AI Chips By 2025 Amid US Restrictions

Super Micro Computer Submits Compliance Plan To Nasdaq, Addresses Delays In Filing 2024 Annual Report And Q1 2025 Quarterly Report, Stating Belief It Can Regain Compliance Within Extension Period

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$145.00</td>
<td>$63.2K</td>
<td>53.9K</td>
<td>46.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$500.00</td>
<td>$80.9K</td>
<td>6.6K</td>
<td>22.1K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$28.9K</td>
<td>57.2K</td>
<td>7.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$225.00</td>
<td>$31.5K</td>
<td>9.7K</td>
<td>7.2K</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$28.00</td>
<td>$503.0K</td>
<td>697</td>
<td>4.6K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$150.00</td>
<td>$29.4K</td>
<td>187</td>
<td>3.7K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$137.00</td>
<td>$38.5K</td>
<td>1.5K</td>
<td>3.2K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$20.00</td>
<td>$192.5K</td>
<td>13.2K</td>
<td>2.3K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$54.0K</td>
<td>17.7K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$28.50</td>
<td>$97.5K</td>
<td>2.6K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 98 contract(s) at a $145.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $63.2K, with a price of $645.0 per contract. There were 53927 open contracts at this strike prior to today, and today 46919 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 22, 2024. Parties traded 27 contract(s) at a $500.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $80.9K, with a price of $3000.0 per contract. There were 6652 open contracts at this strike prior to today, and today 22161 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option trade that happens to be bullish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $289.0 per contract. There were 57206 open contracts at this strike prior to today, and today 7436 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 100 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $315.0 per contract. There were 9738 open contracts at this strike prior to today, and today 7214 contract(s) were bought and sold. 
• For IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on November 29, 2024. This event was a transfer of 2194 contract(s) at a $28.00 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $503.0K, with a price of $225.0 per contract. There were 697 open contracts at this strike prior to today, and today 4671 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option sweep that happens to be bullish, expiring in 93 day(s) on February 21, 2025. This event was a transfer of 55 contract(s) at a $150.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $535.0 per contract. There were 187 open contracts at this strike prior to today, and today 3772 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 150 contract(s) at a $137.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $257.0 per contract. There were 1591 open contracts at this strike prior to today, and today 3267 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option trade with bullish sentiment. It expires in 240 day(s) on July 18, 2025. Parties traded 350 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $192.5K, with a price of $550.0 per contract. There were 13267 open contracts at this strike prior to today, and today 2340 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bullish sentiment. It expires in 422 day(s) on January 16, 2026. Parties traded 2250 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $24.0 per contract. There were 17787 open contracts at this strike prior to today, and today 2295 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 22, 2024. Parties traded 1499 contract(s) at a $28.50 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $97.5K, with a price of $65.0 per contract. There were 2694 open contracts at this strike prior to today, and today 1897 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CLSK

MARA

10 Information Technology Stocks Whale Activity In Today's Session

U.S. stocks could open on a tentative note on Wednesday amid <a href="https://www.benzinga.com/news/global/24/11/42064198/putin-revises-nuclear-doctrine-for-broader-strikes-after-us-backed-ukrainian-attack-markets-drop-bonds-gain">simmering geopolitical tensions</a>. Futures of all three major indices were marginally up as investors weighed escalating tensions between Russia and Ukraine, and earnings from AI bellwether Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
U.S. equity markets have had a mixed week so far, with the Dow Jones facing pressure even as the S&amp;P 500 and Nasdaq witnessed sideway movements.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.11%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.12%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.09%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.13% to $591.05 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.10% to $503.96, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Markets had a second consecutive mixed session, with the Dow Jones closing lower by 0.3% while the S&amp;P 500 edged up. The Nasdaq gained over 1% in the run-up to Nvidia's earnings.
Crude oil prices continued to gain as Russia-Ukraine tensions escalated.
This geopolitical anxiety rubbed off on treasury yields as well, which edged up.
On the economic data front, housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month. U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday.
However, industrial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.04%</td>
<td>18,987.47</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
<td>5,916.98</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.28%</td>
<td>43,268.94</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.80%</td>
<td>2,324.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Wedbush's Dan Ives expressed upbeat sentiment about Nvidia's earnings, saying that the AI giant could deliver earnings beat and raise guidance as well.
"We expect a drop the mic performance from Nvidia tomorrow night as Godfather of AI Jensen &amp; Co. are the only game in town with $1 trillion of AI Cap-Ex on the way with Nvidia&#8217;s GPUs the new oil and gold in this world."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We expect a drop the mic performance from Nvidia tomorrow night as Godfather of AI Jensen &amp; Co. are the only game in town with $1 trillion of AI Cap-Ex on the way with Nvidia&#39;s GPUs the new oil and gold in this world. We believe $2 billion beat/$2 billion guide higher&#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1858854901801009208?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
While there is optimism among analysts about Nvidia and other AI stocks, the European Central Bank expressed caution about the possibility of an "AI bubble."
&#8220;This concentration among a few large firms raises concerns over the possibility of an AI-related asset price bubble,&#8221; the ECB said in its latest Financial Stability Review, underscoring the increasing dependence of the equity markets on select companies.
This could also be a cause of concern for equity markets beyond the U.S., noted the ECB.
"Also, in a context of deeply integrated global equity markets, it points to the risk of adverse global spillovers, should earnings expectations for these firms be disappointed."
Ryan Detrick, chief market strategist at Carson Group, on the other hand, remained optimistic about equity markets.
"Stocks historically do better in years 1 and 2 of a President who was re-elected vs a new President in office."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stocks historically do better in years 1 and 2 of a President who was re-elected vs a new President in office. <a href="https://t.co/ndj0ZbE4jp">pic.twitter.com/ndj0ZbE4jp</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1858973644086772112?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"We are in the third year of this bull market and it is worth noting these years can be on the weaker side of things. Good news is if the bull continues (as we expect) years 4-6 are all quite strong," he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are in the third year of this bull market and it is worth noting these years can be on the weaker side of things. Good news is if the bull continues (as we expect) years 4-6 are all quite strong. <a href="https://t.co/HW2PqVo9QU">pic.twitter.com/HW2PqVo9QU</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1858966050886611130?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is fairly light.
<ul>
<li>Fed Gov. Lisa Cooks will speak at 11 a.m. ET.</li>
<li>Fed Gov. Michelle Bowman will speak at 12:15 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock edged up 0.3% in premarket trading on Monday after gaining 4.9% on Tuesday.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock surged nearly 12% on Tuesday and gained another 2.7% in premarket trading on Wednesday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to chalk gains.</li>
<li>Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is expected to spin off its TV cable channels into separate publicly traded companies. Its stock rose 2.4% in premarket trading.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock fell over 4% in premarket trading after surging more than 31% on Tuesday after appointing a new auditor and submitting a plan to comply with the Nasdaq's listing requirements.</li>
<li>Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) was down by 1.5% in premarket trading after the Chinese EV player reported widening losses due to intense competition.</li>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell over 18% in premarket trading after the company posted $1.85 earnings per share in the third quarter, well below Street expectations of $2.30.</li>
<li>Investors are awaiting earnings results from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today. Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.53% to hover around $69.61 per barrel.
The 10-year Treasury note yield increased to 4.426%.
Major Asian markets ended mixed on Wednesday, while European markets witnessed sideways movement in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42083607/as-spirit-airlines-files-for-bankruptcy-experts-weigh-potential-impact-on-flight-prices-this-is-not-a-black-and-white-situation">As Spirit Airlines Files For Bankruptcy Experts Weigh Potential Impact On Flight Prices</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Equities

Futures

Economics

Federal Reserve

Pre-Market Outlook

Trading Ideas

$BTC

CMCSA

PANW

US Stocks Poised For Tentative Start As Geopolitical Tensions, Nvidia Earnings Keep Investors Cautious: Tech Bull Expects AI Bellwether To Deliver 'Drop The Mic Performance'

Shares of Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) closed 31.24% higher in trade on Tuesday at $28.27 apiece. This happened after it announced the appointment of BDO USA as its Independent Auditor and also filed a compliance plan with Nasdaq, according to its press release.
The aforementioned update has prevented the company shares from being <a href="https://www.benzinga.com/tech/24/11/42008585/why-super-micros-survival-may-hinge-on-nvidia-earnings-nasdaq-deadline">delisted from Nasdaq</a>, however, company insiders loaded up on the shares of SMCI before this update. Furthermore, despite the rise in shares, analysts tracking the company have mostly downgraded the stock.
What Happened: Super Micro Computer shares have waded through a flurry in 2024 since it has been riddled with several troubles. It missed <a href="https://www.benzinga.com/markets/equities/24/11/42057634/super-micro-computer-is-up-by-30-on-tuesday-pre-market-whats-going-on">filing the Form 10-K</a> with the SEC, the annual financial report for the company&#8217;s year ending June 30.
It was followed by the release of the short-seller Hindenburg&#8217;s report on Aug. 27 stating that the company was involved in accounting manipulation along with the allegations of self-dealing and evading sanctions.
Ernst &amp; Young resigned as the auditor of the company on Oct. 30 and it delayed filing the Form 10-Q with the SEC for the first quarter of fiscal 2025, ending Sept. 30.
Also read: <a href="https://www.benzinga.com/tech/24/11/42008585/why-super-micros-survival-may-hinge-on-nvidia-earnings-nasdaq-deadline">Why Super Micro&#8217;s Future May Hinge On Nvidia Earnings, Nasdaq Deadline</a>
Why It Matters: The stock was nearly 64% up at $28.27 per share from its 52-week low of $17.25 apiece. But still down 77% from its 52-week high at $122.90 apiece. On a year-to-date basis, the stock was down by nearly 1%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="270" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1-1024x270.png" alt="" class="wp-image-656521" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1-1024x270.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1-300x79.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1-768x202.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1-1536x405.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035421/SMCI-1.png 1741w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The relative strength index at 45.26 implies that the stock is not overbought or oversold. The recent trade by company insiders, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> shows that they bought the stocks before announcing the appointment of the new Independent Auditor between Nov. 1 to Nov. 12.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="292" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035508/Insider-ttrades-1024x292.png" alt="" class="wp-image-656522" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035508/Insider-ttrades-1024x292.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035508/Insider-ttrades-300x86.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035508/Insider-ttrades-768x219.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20035508/Insider-ttrades.png 1263w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Analyst Snapshot
Many brokerages have lowered their ratings and target prices on SMCI. According to <a href="https://www.marketbeat.com/instant-alerts/super-micro-computer-nasdaqsmci-sees-strong-trading-volume-whats-next-2024-11-19/">MarketBeat</a>, Bank of America downgraded it to a &#8216;neutral&#8217; rating and decreased their target price to $70.00 per share and Rosenblatt Securities reissued a &#8216;buy&#8217; rating and set a $130.00 target price, in August.
Barclays lowered their price to $42.00 apiece and set an &#8216;equal weight&#8217; rating in October. JPMorgan Chase &amp; Co. lowered a &#8220;neutral&#8221; rating to an &#8220;underweight&#8221; and set a price target of $23.00 per share in November.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, based on an average price target of $27.67 between Goldman Sachs, JP Morgan, and Wedbush, there&#8217;s an implied -2.65% downside for Super Micro Computer Inc. from these most recent analyst ratings. The consensus rating forecast on <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">Benzinga</a>, suggests a score of 2.7 out of 5 points, which implies holding the stock.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="373" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20040601/Analyst-trends-on-SMCI-1024x373.png" alt="" class="wp-image-656528" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20040601/Analyst-trends-on-SMCI-1024x373.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20040601/Analyst-trends-on-SMCI-300x109.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20040601/Analyst-trends-on-SMCI-768x280.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20040601/Analyst-trends-on-SMCI.png 1144w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read next: <a href="https://www.benzinga.com/general/market-summary/24/11/42058235/palantir-board-member-in-a-deleted-x-post-said-nasdaq-move-will-force-billions-in-etf-buying-and-deliver-tendies-heres-what-this-meme-stock-term-means">Palantir Board Member In A Deleted X Post Said Nasdaq Move Will &#8216;Force Billions In ETF Buying And Deliver Tendies&#8217;: Here&#8217;s What This Meme-Stock Term Means</a>
Image via Shutterstock

Tech

Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced: Here's What's Coming Next For SMCI

<h3>Gainers</h3>
<ul>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares moved upwards by 25.8% to $27.1 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.8 billion. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) stock rose 10.46% to $0.67. The market value of their outstanding shares is at $20.4 million. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) stock rose 8.82% to $1.85. The market value of their outstanding shares is at $12.9 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares moved upwards by 7.98% to $6.22. The company's market cap stands at $12.6 million. </li>
<li>Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) shares rose 7.75% to $1.25. The company's market cap stands at $64.8 million. The company's, Q3 earnings came out yesterday. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares increased by 7.69% to $1.68. The company's market cap stands at $19.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) shares declined by 14.4% to $3.75 during Tuesday's pre-market session. The company's market cap stands at $30.1 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares declined by 10.38% to $12.01. The company's market cap stands at $197.7 million. </li>
<li>Global Engine Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLE#NASDAQ">GLE</a>) stock fell 9.45% to $4.6. The company's market cap stands at $84.1 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares declined by 7.27% to $1.53. The company's market cap stands at $53.0 million. </li>
<li>Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares fell 6.84% to $632.43. The company's market cap stands at $176.7 billion. </li>
<li>Backblaze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLZE#NASDAQ">BLZE</a>) stock declined by 6.6% to $5.95. The company's market cap stands at $264.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

BLZE

CCTG

DUOT

INTU

LUNA

MOBX

Next Technology Holding Inc. - Ordinary Shares

NXTT

ZENV

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining by around 1% on Tuesday.
The Dow traded down 0.03% to 43,374.79 while the NASDAQ rose 1.03% to 18,985.21. The S&amp;P 500 also rose, gaining, 0.49% to 5,922.41.
Check This Out: <a href="https://www.benzinga.com/24/11/42059659/this-apollo-global-management-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-tuesday">This Apollo Global Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday</a>
Leading and Lagging Sectors Information technology shares rose by 0.6% on Tuesday.
In trading on Tuesday, materials shares fell by 0.6%.
Top Headline
Medtronic Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) reported better-than-expected results for its second quarter and raise its outlook.
The company posted second-quarter 2025 sales of $8.40 billion, beating the consensus of $8.27 billion. The medical device maker reported adjusted EPS of $1.26, beating the consensus of $1.25.
Medtronic raised its fiscal year 2025 organic revenue growth guidance to 4.75%-5%, up from the prior 4.5%-5%. If recent foreign currency exchange rates hold, 2025 revenue growth on an adjusted basis would be 3.4%-3.9%. Medtronic expects 2025 adjusted EPS guidance to be $5.44-$5.50 versus previous guidance of $5.42-$5.50 and consensus of $5.45.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares shot up 29% to $27.84 after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.</li>
<li>Shares of PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) got a boost, surging 172% to $1.4600. The company announced a 1-for-4 reverse stock split.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares were also up, gaining 30% to $3.30. The company, which makes specialty fitness equipment under the CLMBR and FORME brands, disclosed that Armah Sports Group‘s B_FIT is installing CLMBRs in three of its nine locations in Saudi Arabia.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares dropped 12% to $1.06. NWTN received Nasdaq staff delisting determination for non-compliance with Listing Rule 5250(c)(1).</li>
<li>Shares of Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) were down 13% to $66.74 after the company announced that data from its Phase 2 study evaluating MRGPRX4 (INCB000547) in cholestatic pruritus does not support further development.</li>
<li>Codere Online Luxembourg, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) was down, falling 11% to $6.77 after the company received a Nasdaq delisting notice due to its public reports rule.</li>
</ul>
Commodities In commodity news, oil traded down 0.1% to $69.12 while gold traded up 0.7% at $2,632.40.
Silver traded up 0.3% to $31.305 on Tuesday, while copper rose 0.6% to $4.1435.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 0.45%, Germany's DAX fell 0.67% and France's CAC 40 fell 0.67%. Spain's IBEX 35 Index fell 0.74%, while London's FTSE 100 fell 0.13%.
Hourly labor costs in the Eurozone rose by 4.6% year-over-year in the third quarter compared to a revised 5% gain in the prior quarter. Annual inflation in the Eurozone rose to 2% in October from 1.7% in September.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.51%, Hong Kong's Hang Seng Index gaining 0.44%, China's Shanghai Composite Index gaining 0.67%&nbsp; and India's BSE Sensex gaining 0.31%.
Malaysia&#8217;s trade surplus narrowed to MYR 12.0 billion in October from MYR 13.0 billion in the year-ago month.
Economics
<ul>
<li>Housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month.</li>
<li>U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42060404/nvidia-to-rally-more-than-19-here-are-10-top-analyst-forecasts-for-tuesday-2">Nvidia To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Tuesday</a></li>
</ul>

Eurozone

Commodities

Intraday Update

CDRO

INCY

NWTN

PRFX

TRNR

Gold Moves Higher; Medtronic Posts Upbeat Results

Wall Street managed to recover from a red start caused by heightened geopolitical tensions stemming from the <a href="https://www.benzinga.com/topic/russia">ongoing Russia-Ukraine conflict.</a>
Ukraine launched its first U.S.-made missile strike on a Russian city, while Russian President Vladimir Putin adjusted the nation's nuclear doctrine to broaden scenarios for a potential response. Yet, Russian Foreign Minister Sergei Lavrov sought to assuage fears of a nuclear escalation, stating that a nuclear war is not something Russia is considering.
Amid the geopolitical noise, investors remained focused on corporate earnings. Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), often regarded as a bellwether of consumer health, surpassed expectations for the recent quarter. The retailer&#8217;s stock surged 4%, hitting fresh all-time highs and boosting market sentiment.
At midday, both the S&amp;P 500 and Nasdaq 100 posted marginal gains, while blue-chip stocks showed a slight deceleration and small caps held steady.
In fixed income, longer-dated bond yields dipped, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) climbing 0.5%. The U.S. dollar gained 0.1%, attempting to rebound after two consecutive sessions of losses.
Geopolitical risks lifted demand for commodities, with gold and oil rebounding 0.8% and 0.5%, respectively. Natural gas prices – as closely tracked by the United States Natural Gas Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>) – extended the rally, adding 2.6% after a 5.3% jump on Monday and hitting the highest levels since June. 
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to display extraordinary strength, with the cryptocurrency breaking to a new all-time high of $93,931, underscoring robust market interest despite broader macro uncertainties.
<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,610.47</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,907.68</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,309.75</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,316.79</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 13:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.2% to $589.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.3% to $433.10.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.4% higher to $502.08.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.3% to $229.50.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 0.5%. The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.7%.</li>
</ul>
<h2 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h2>
<ul>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) surged 22% after appointing BDO US as its auditor and submitting a compliance plan to Nasdaq, signaling a proactive effort to address delisting concerns. The news bolstered investor confidence in the company&#8217;s governance and market stability.</li>
<li>United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) climbed 3.5%, reaching its highest level since December 2019, following a bullish call from TD Owen, which raised the stock's price target from $100 to $110.</li>
<li>Incyte Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NYSE">INCY</a>) plummeted over 14% after announcing that data from its Phase 2 clinical study failed to support further development, disappointing investors hoping for progress in its pipeline.</li>
<li>Valvoline Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) dropped 8% in reaction to a weaker-than-expected earnings report, as the market digested concerns over the company&#8217;s growth trajectory and profitability.</li>
<li>Vertive Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) rallied 11.7% in reaction to price target raises from investment banks such as Deustsce Bank and Oppenheimer.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42069891/sp-500-to-reach-6500-by-end-of-2025-analysts-predict-could-it-spark-ma-revival">S&amp;P 500 To Reach 6,500 By End Of 2025, Analysts Predict: Could It Spark M&amp;A Revival?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Macro Economic Events

Bonds

Specialty ETFs

ETFs

SPDR Dow Jones Industrial Average ETF Trust

iShares Trust Barclays 20+ Year Treasury Bond Fund

Select Sector SPDR-Consumer Discretionary

Stocks Move Higher, Walmart Hits Record High, Natural Gas Reaches 5-Month Peak: What's Driving Markets Tuesday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JNPR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$36.00</td>
<td>$2.1 million</td>
<td>19</td>
<td>14.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$400.00</td>
<td>$33.7K</td>
<td>8.1K</td>
<td>12.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$230.00</td>
<td>$28.0K</td>
<td>7.8K</td>
<td>8.5K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$9.00</td>
<td>$27.9K</td>
<td>2.0K</td>
<td>5.4K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$465.0K</td>
<td>41.1K</td>
<td>3.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$44.1K</td>
<td>8.5K</td>
<td>3.7K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$25.3K</td>
<td>76.4K</td>
<td>3.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$221.9K</td>
<td>6</td>
<td>2.8K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.00</td>
<td>$28.0K</td>
<td>4.3K</td>
<td>1.7K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$145.7K</td>
<td>2.3K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding JNPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on December 20, 2024. Parties traded 14332 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $2.1 million, with a price of $150.0 per contract. There were 19 open contracts at this strike prior to today, and today 14340 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on November 22, 2024. This event was a transfer of 11 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $3070.0 per contract. There were 8195 open contracts at this strike prior to today, and today 12525 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on November 29, 2024. Parties traded 94 contract(s) at a $230.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $298.0 per contract. There were 7882 open contracts at this strike prior to today, and today 8572 contract(s) were bought and sold. 
• Regarding APLD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on November 22, 2024. Parties traded 509 contract(s) at a $9.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $55.0 per contract. There were 2029 open contracts at this strike prior to today, and today 5434 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option trade with bearish sentiment. It expires in 59 day(s) on January 17, 2025. Parties traded 3000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $465.0K, with a price of $155.0 per contract. There were 41116 open contracts at this strike prior to today, and today 3735 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bearish, expiring in 31 day(s) on December 20, 2024. This event was a transfer of 70 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $44.1K, with a price of $630.0 per contract. There were 8583 open contracts at this strike prior to today, and today 3732 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 31 day(s) on December 20, 2024. This event was a transfer of 69 contract(s) at a $160.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $368.0 per contract. There were 76426 open contracts at this strike prior to today, and today 3527 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a put option sweep with bullish sentiment. It expires in 213 day(s) on June 20, 2025. Parties traded 223 contract(s) at a $20.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $221.9K, with a price of $995.0 per contract. There were 6 open contracts at this strike prior to today, and today 2827 contract(s) were bought and sold. 
• For WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we notice a put option sweep that happens to be bearish, expiring in 59 day(s) on January 17, 2025. This event was a transfer of 140 contract(s) at a $8.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $200.0 per contract. There were 4379 open contracts at this strike prior to today, and today 1729 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bullish, expiring in 122 day(s) on March 21, 2025. This event was a transfer of 767 contract(s) at a $120.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $145.7K, with a price of $190.0 per contract. There were 2399 open contracts at this strike prior to today, and today 1516 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APLD

AVGO

IREN

JNPR

WOLF

Shares of SuperMicro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) are trading higher Tuesday on continued momentum after the company announced the appointment of an independent auditor and the filing of a compliance plan with the Nasdaq. Here&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42052157/whats-going-on-with-super-micro-computer-stock-after-hours">what you need to know.</a>
What To Know: SuperMicro announced late Monday that its Audit Committee appointed BDO USA as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world&#8217;s top five accounting firms networks.
&#8220;This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency,&#8221; said Charles Liang, president and CEO of SuperMicro.
SuperMicro shares have faced significant selling pressure ever since the company&#8217;s independent auditor resigned over <a href="https://www.benzinga.com/quote/SMCI" target="_blank" rel="noreferrer noopener">governance and transparency concerns</a>. The company announced last week that it was unable to file its financial report for the period ended Sept. 30 in a timely manner.
SuperMicro on Tuesday said it submitted a compliance plan to the Nasdaq, seeking an extension to meet continued listing requirements. SuperMicro stated it intends to file its annual report on Form 10-K for the fiscal year ended June 30 and its quarterly report on Form 10-Q for the period ended Sept. 30, within the discretionary period that can be extended by the Nasdaq.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/42063336/nvidia-blackwell-chips-face-heat-will-q3-earnings-cool-investor-concerns">Nvidia&#8217;s Blackwell Chips Overheat: Will Q3 Earnings Cool Investor Concerns?</a>
What Else: SuperMicro is also showcasing its HPC-optimized multi-node systems at the SuperComputing 2024 conference this week. The company announced Tuesday that it will showcase key products including the liquid-cooled FlexTwin and SuperBlade architecture. The systems feature the latest processors, direct liquid cooling and enhanced storage technologies to optimize high-performance computing environments.
&#8220;Since the release of the industry-first Twin systems back in 2007, Supermicro has consistently been a pioneer in developing the densest, most efficient multi-node architectures for HPC workloads,&#8221; Liang said. 
&#8220;The combination of Supermicro&#8217;s liquid cooling experience, extensive multi-node development expertise, rack-scale integration capacity, and the latest industry technologies enables us to provide our customers with HPC solutions of unprecedented performance and scale, helping to solve the world&#8217;s most complex computational challenges.&#8221;
SMCI Price Action: Super Micro Computer shares were up 24.1% at $26.72 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="543" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19094923/SMCI-1024x543.png" alt="" class="wp-image-655189" style="width:438px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19094923/SMCI-1024x543.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19094923/SMCI-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19094923/SMCI-768x407.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19094923/SMCI.png 1173w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image via Shutterstock.

SuperMicro Stock Is Rising Tuesday: What's Going On?

U.S. stocks were lower, with the Dow Jones index falling more than 350 points on Tuesday.
Shares of Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) rose sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/ENR/earnings">better-than-expected quarterly earnings.</a>
Energizer reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.17 per share. The company reported quarterly sales of $805.70 million which missed the analyst consensus estimate of $806.4 million.
Energizer shares jumped 12.8% to $38.52 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares jumped 31.9% to $28.41 after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) gained 26.5% to $38.66 after the company on Monday reported better-than-expected quarterly financial results.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares rose 17% to $2.0600.</li>
<li>Alumis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>) shares jumped 16.2% to $10.04.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) surged 15.4% to $30.20.</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares rose 14.3% to $30.33 after the company announced a strategic alliance with Microsoft to accelerate the adoption of enterprise AI on Azure.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) surged 12.7% to $38.93</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) rose 11.6% to $8.65.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) gained 11.5% to $17.82.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) gained 10% to $12.84.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) surged 7.7% to $71.73. Insmed, on Nov. 18, terminated sales agreement with Leerink Partners.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares rose 7.1% to $6.01. Needham analyst Chris Pierce initiated coverage on Joby Aviation with a Buy rating and announced a price target of $8.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) gained 5.5% to $21.83.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42060660/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

ALMS

APLS

BBAI

INSM

JOBY

LMND

LUNR

OKLO

OSCR

Energizer, C3.ai, Insmed And Other Big Stocks Moving Higher On Tuesday

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining by around 100 points on Tuesday.
The Dow traded down 0.34% to 43,244.07 while the NASDAQ rose 0.53% to 18,892.31. The S&amp;P 500 also rose, gaining, 0.14% to 5,902.02.
Check This Out: <a href="https://www.benzinga.com/24/11/42059659/this-apollo-global-management-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-tuesday">This Apollo Global Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday</a>
Leading and Lagging Sectors Information technology shares rose by 0.2% on Tuesday.
In trading on Tuesday, materials shares fell by 0.9%.
Top Headline
Lowe's Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) posted better-than-expected earnings for its third quarter on Tuesday.
The company reported third-quarter adjusted earnings per share of $2.89 beating the street view of $2.82. Quarterly sales of $20.170 billion outpaced the analyst consensus estimate of $19.424 billion.
Lowe's has revised its fiscal year 2024 outlook for its adjusted earnings per share (EPS) guidance from a range of $11.70 – $11.90 to a range of $11.80 – $11.90, compared with the consensus estimate of $11.85. Additionally, the company raised its sales forecast from a range of $82.70 billion – $83.20 billion to a new range of $83.00 billion – $83.50 billion, compared with the consensus estimate of $83.05 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares shot up 28% to $27.54 after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.</li>
<li>Shares of PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) got a boost, surging 195% to $1.5999. The company announced a 1-for-4 reverse stock split.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares were also up, gaining 48% to $3.75. The company, which makes specialty fitness equipment under the CLMBR and FORME brands, disclosed that Armah Sports Group‘s B_FIT is installing CLMBRs in three of its nine locations in Saudi Arabia.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares dropped 12% to $1.06. NWTN received Nasdaq staff delisting determination for non-compliance with Listing Rule 5250(c)(1).</li>
<li>Shares of Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) were down 11% to $68.17 after the company announced that data from its Phase 2 study evaluating MRGPRX4 (INCB000547) in cholestatic pruritus does not support further development.</li>
<li>Codere Online Luxembourg, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) was down, falling 9% to $6.93 after the company received a Nasdaq delisting notice due to its public reports rule.</li>
</ul>
Commodities In commodity news, oil traded up 0.6% to $69.58 while gold traded up 0.6% at $2,630.60.
Silver traded up 0.1% to $31.255 on Tuesday, while copper fell 0.3% to $4.1080.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.91%, Germany's DAX fell 1.28% and France's CAC 40 fell 1.26%. Spain's IBEX 35 Index fell 1.47%, while London's FTSE 100 fell 0.36%.
Hourly labor costs in the Eurozone rose by 4.6% year-over-year in the third quarter compared to a revised 5% gain in the prior quarter. Annual inflation in the Eurozone rose to 2% in October from 1.7% in September.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.51%, Hong Kong's Hang Seng Index gaining 0.44%, China's Shanghai Composite Index gaining 0.67%&nbsp; and India's BSE Sensex gaining 0.31%.
Malaysia&#8217;s trade surplus narrowed to MYR 12.0 billion in October from MYR 13.0 billion in the year-ago month.
Economics
<ul>
<li>Housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month.</li>
<li>U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/24/11/42060404/nvidia-to-rally-more-than-19-here-are-10-top-analyst-forecasts-for-tuesday-2">Nvidia To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Tuesday</a></li>
</ul>

Nasdaq Gains 100 Points; Lowe's Earnings Beat Views

<ul>
<li>NVDA</li>
<li>WMT</li>
<li>SMCI</li>
<li>TSLA</li>
<li>MSTR</li>
<li>LUNR</li>
<li>DJT</li>
<li>$BTC</li>
<li>PLTR</li>
<li>AI</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

PLTR

TSLA

Top 10 Trending Stocks On WallStreetBets As Of November 19, 2024 (Via Swaggy Stocks)

All-new FlexTwin&#x2122; and New Generation SuperBlade&#xAE; Maximize Compute Density with up to 36,864 Cores per Rack, featuring Direct to Chip Liquid Cooling and Upgraded Technologies to Maximize HPC Performance

Supermicro Highlights Portfolio Of HPC-Optimized Multi-Node Systems At SuperComputing 2024

BKKT: 230% &#x7C; <a href="https://www.benzinga.com//node/42058653">Bakkt Holdings shares are trading higher following a Monday report suggesting Trump Media and Technology Group is in talks to buy the company.</a>
&nbsp;
SMCI: 43% &#x7C; <a href="https://www.benzinga.com//node/42058601">Supermicro shares are trading higher after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.</a>
&nbsp;
TRNR: 105% &#x7C; <a href="https://www.benzinga.com//node/42059289">Interactive Strength Announces That Armah Sports Group's B_FIT Is Installing Co.'s CLMBR Vertical Climbing Machines In Three Of Its Locations In Saudi Arabia</a>

Bakkt Holdings, Inc. Class A Common Stock

BKKT

Market-Moving News for November 19th

Supermicro shares are trading higher after the company announced the appointment of BDO USA as its independent auditor and the filing of a compliance plan with Nasdaq.

The company states: "As previously announced, Super Micro submitted a compliance plan to Nasdaq on November 18, 2024 with respect to supporting its...

Supermicro discloses Nasdaq compliance listing letter

Nvidia just reported Q3 results. The stock is falling.

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – Snowflake&nbsp;(SNOW)&nbsp;up...

Closing Bell Movers: Nvidia down slightly after Q3 results

Dell Technologies' ($DELL) earnings are just around the corner, with the company set to report its Q3 FY25 results on November 26. The computer har...

Dell Q3: Bullish on AI Growth and SMCI's Woes

Dell Poised for Strong Q3 amid AI Growth and Market Share Gains

Super Micro Computer ($SMCI) confirmed on Wednesday that it received a letter from Nasdaq stating that the information technology company is not in...

Super Micro Computer (NASDAQ:SMCI) Faces Nasdaq Non-Compliance Notice

Super Micro Computer: Bargain Buying Opportunity Has Finally Arrived (Upgrade)

Citi analyst Asiya Merchant notes Nvidia (NVDA) reported "solid results" and that guidance of $37.5B implies revenue growth of 70% year-over-year, ...

Nvidia results have positive read through for enterprise AI demand, says Citi

Notable gainers among liquid option names this morning include Amentum Holdings LLC (AMTM) $24.81 +2.40, Super Micro (SMCI) $27.60 +1.80, Deere (DE...

Early notable gainers among liquid option names on November 21st

Dell Q3 results should provide optimism heading into 2025

AMTM

ANET

ASML

AXON

DELL

ESTC

JACK

KURA

NTAP

PSTG

PYXS

WALD

Pomerantz Law Firm Announces the Filing of a Class Action Against Super Micro Computer, Inc. – SMCI

Press Releases

Tidal Financial Group Announces Reverse Stock Split for Defiance Daily Target 2X Long SMCI ETF (Ticker: SMCX)

Supermicro Announces an Update from the Independent Special Committee and First Quarter Fiscal Year 2025 Preliminary Financial Information

Supermicro Delivers Direct-Liquid-Optimized NVIDIA Blackwell Solutions

Supermicro Announces Appointment of BDO USA as Independent Auditor and Filing of Compliance Plan with Nasdaq

Supermicro Showcases Largest Portfolio of HPC-Optimized Multi-Node Systems at SuperComputing 2024

SUPERMICRO INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Super Micro Computer, Inc.'s Directors and Officers for Breach of Fiduciary Duties – SMCI

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