issued a statement that it had suspended three people charged with selling GPUs to China via Taiwan. Since the company is cooperating with the Department of Justice, I do not expect Super Micro Computer to be charged.
One of the people charged was its co-founder, Yin-Shyan Liaw, so the stock was hit. Since Super Micro Computer just posted 123% sales growth and its sales are forecasted to rise 171%, I expect that the stock will bounce next week.
Meanwhile, on Wednesday announced that its revenue surged 196.3% to $23.86 billion in its latest quarter compared to a year ago. Even more impressive, the company’s earnings soared 682.1% to $12.20 per share compared to $1.20 per share a year ago.
Micron Technology Inc(NASDAQ:) (NASDAQ:MU) posted a whopping 21.7% revenue surprise and a 38.6% earnings surprise. Clearly, the data center demand for fast memory chips remains robust.
The big news this week is Nvidia’s (NVDA) developers conference. Founder and CEO Jensen Huang said that he expects at least $1 trillion in demand for its Blackwell and Rubin AI systems through 2027, up from about $500 billion in projected demand through 2026.
In other words, Nvidia will be averaging over 100% annual sales growth. In the past month, 31 analysts revised their earnings estimates higher for Nvidia, and I am expecting more upward revisions after Huang’s strong 2027 guidance. Technically, Nvidia also looks very strong and is a great oasis stock for nervous investors.
Interestingly, prices continue to decline after breaking through a 50-day moving average. Normally, gold is an oasis during uncertainty, like the “fog of war” that now exists. I am planning on maintaining my big gold bet, since my gold stocks have very strong forecasted sales and earnings. I should add that the prices of other commodities are also soft, since there is a fear of slower worldwide economic growth.
