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Super Micro, Snap Warn of Headwinds, Grab Hikes Forecast | Bloomberg Technology
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the drop in Super Micro’s shares after the server maker preannounced results that fell well short of analysts' estimates. Plus, Boston Dynamics CEO Robert Playter discusses the future of robotics and competition with Tesla. And Grab CFO Peter Oey explains why the Southeast Asian delivery company raised its earnings forecast. (Source: Bloomberg)
ED: I THINK WHAT WE HEARD FROM THE INTERVIEW WITH JENSEN HUANG 'S LONG-TERM GOALS FOR THE MANUFACTURING OF ACCELERATED COMPUTING IN THIS COUNTRY IN THE SHORT TEMPER GET HELP OUR AUDIENCE UNDERSTAND NVIDIA'S COMMITMENT OF A NEW CHIP EVERY YEAR AND HOW DIFFICULT THAT IS FOR THE ASSEMBLERS LIKE SUPER MICRO WHO HAVE TO BE THE GO TO MARKET CHANNEL FOR THAT COMPANY. ♪ CAROLINE: SNAP'S NUMBERS ACTUALLY NARROWLY BEAT EXPECTATIONS FROM ANALYSTS FOR THE FIRST QUARTER IN TERMS OF REVENUE, BUT THEY DECLINED TO ISSUE A SALES FORECAST FOR THE CURRENT PERIOD AND ARE NAVIGATING MACRO ECONOMIC HEADWINDS. WE WILL SEE IF WE GET A STATUS UPDATE ON THAT WERE OTHER DEALS, KEEPING IN MIND THE 90 DAY WINDOW IS RAPIDLY SHRINKING AND THEY ARE TRYING TO BRING ONSHORE INVESTMENT TO THE UNITED STATES IN THAT TIME OR AT LEAST GET COMMITMENTS FROM COMPANIES.
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