Feb 26, 12:54 PM

Super Micro Soars 24% on Nasdaq Compliance, Nvidia Falls 0.8% Amid Trump Export Concerns; Micron Up 2.5%, Lowe's 3.5%, Home Depot Down 0.4%

In the latest pre-market trading updates, several stocks are showing notable movements. Super Micro Computer Inc. (SMCI) surged by 24% after meeting a Nasdaq deadline for submitting delayed regulatory filings, thus avoiding delisting. Micron Technology Inc. (MU) rose by 2.5% as it commenced shipping samples of its sixth-generation DRAM-based DDR5 memory utilizing extreme ultraviolet technology. Lowe's Companies Inc. (LOW) experienced a 3.5% increase following better-than-expected earnings per share (EPS), revenue, and same-store sales (SSS) results. Conversely, Nvidia Corp. (NVDA) saw a decline of 0.8% amid reports that former President Donald Trump is considering tighter controls on chip exports to China, even as Chinese firms, including Alibaba Group Holding Ltd. (BABA) and Techtronic Industries Co. Ltd. (TECHY), are increasing their orders for Nvidia's H21 AI chip. Home Depot Inc. (HD) also fell by 0.4% as it provided guidance for fiscal year same-store sales and EPS. The broader market futures showed slight fluctuations, with the S&P 500 futures down by 0.1%, Nasdaq down by 0.2%, and Dow Jones up by 0.1%.

#SMCI #Nasdaq #LOW #NVDA #Donald Trump #China #Chinese #BABA #TECHY #Nvidia #HD #Dow Jones

Written with ChatGPT (GPT-4o mini).

Super Micro Soars 24% on Nasdaq Compliance, Nvidia Falls 0.8% Amid Trump Export Concerns; Micron Up 2.5%, Lowe's 3.5%, Home Depot Down 0.4%

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