Spot gold and silver prices fell sharply amid a U.S. inflation rate remaining above 4% in May and ongoing U.S.-Iran tensions affecting market sentiment. Gold dropped about 2.2% to near $4,165.90 an ounce, while silver declined over 1%. The persistent inflation, driven by rising energy costs, keeps pressure on Treasury yields and the Federal Reserve's rate policies, limiting gold's appeal as a safe haven. Meanwhile, U.S. equity futures declined due to tech sector weakness and geopolitical risks, with oil prices rising on supply concerns. Investors are watching key resistance and support levels for gold and silver as markets react to these economic and geopolitical factors.
Super Micro Computer's stock fell nearly 10% after announcing a $7 billion equity financing plan aimed at securing components for $39 billion in AI server orders. Despite the drop, AI-driven forecasts suggest a potential price rebound to around $40.5...
Super Micro Computer announced a $7 billion equity and equity-linked financing to fund component purchases for its AI server orders. The company has recently received $39 billion in orders for advanced AI servers, reflecting strong demand but also si...
Shares of Super Micro Computer and Dell Technologies fell 11% and 9% respectively due to a coordinated sell-off in high-beta AI hardware stocks amid broader market weakness and geopolitical concerns. Despite Dell's strong earnings and raised guidance...
Super Micro Computer transformed from a niche server maker to a major AI infrastructure provider, driven by the AI boom and demand for NVIDIA GPUs. Despite facing a governance crisis, a short-seller report, and export-control scrutiny, the company po...
The Defiance Daily Target 2X Long SMCI ETF (SMCX), which uses swaps to double daily returns on Super Micro Computer (SMCI) stock, fell 22% on June 5, 2026, following an 11% drop in SMCI shares. This decline was driven by Broadcom's weaker-than-expect...
