WS #12585
SMCI disclosed $60B+ in new AI orders and raised gross margin guidance to 15-17%, sending shares up 18% after-hours with positive read-through for DELL, HPE, NVDA. Apple raised Apple Music to $11.99 and Apple One Premier to $39.95, citing structural cost pressures from memory chip costs, positive for AAPL revenue but negative for consumer spending.
SMCI AI orders and margin surprise
SMCI disclosed $60B+ in new AI orders and raised gross margin guidance to 15-17%, sending shares up 18% after-hours with positive read-through for DELL, HPE, NVDA.
Apple raised Apple Music to $11.99 and Apple One Premier to $39.95, citing structural cost pressures from memory chip costs, positive for AAPL revenue but negative for consumer spending.