Super Micro Gives Rosy Sales Forecast, CoreWeave's Revenue Surges, Cava Sales Jump | Stock Movers
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On this episode of Stock Movers: - Super Micro (SMCI) gave a sales forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Shares jumped about 9% in extended trading after closing at $31.60 in New York. The stock has gained 8% this year. - CoreWeave (CRWV) a provider of computing that powers artificial intelligence systems, topped analysts’ estimates for second-quarter sales after signing up more customers in a booming market. Sales more than doubled to $2.58 billion, the company said in a statement Tuesday. The company’s net loss was $1.14 a share. Analysts had projected sales of $2.56 billion and a loss of $1.41 a share, according to data compiled by Bloomberg. The shares rose about 7% in late trading after the report was released. They had been up 26% this year through the close. - Cava (CAVA)'s sales rose faster than expected as the restaurant chain’s salmon and pita ch
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