超微电脑、CoreWeave、Cava盘后大涨

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the Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. I'm Chip Stanc along with Christine Aino. We are joined right now by Avalon Pernell with today's [music] stock movers. She is Bloomberg News equities reporter. Hey Avalon. Hi, investors definitely got a lot of insight on the AI trade after markets today. We can start off with Super Micro. That's ticker SMCI currently jumping about 9.4% post market and that's after the servers maker gave a sales forecast that surpassed estimates.

Just another sign that the booming AI market continues to bolster sales for this company. It also continues to benefit from surging demand for equipment to train and run AI tasks. Worth noting that just last month they issued a business update saying that they had reached a record backlog and also raising their fourth quarter gross margins outlook.

Okay, I hear you. I hear you. But I have to, you know, when in doubt, zoom out. And that's exactly what I'm doing. I go back to that high of 2024. It was $118 a share. It's now trading at $34 a share. So even with that's even right now with what's happening in the aftermarket, it's still down 73%. And there've been these um can we call them regulatory challenges? This is true.

Okay, maybe we can call them global regulatory challenges is is a nice way to describe it, but it's been a volatile stock over the last couple of years. I think it's fair to say.

Yeah. Well, it looks like we have another uh beneficiary of the AI trade. Talk to us about core and what we saw from the results.

Yes, that's ticker CRWV. It's also jumping about 12% now post market and that's after a specialized cloud computing provider reported profit for the fourth quarter that surpassed expectations and they also reported second quarter sales that topped Wall Street's estimates at least for their forecast and the company really signed up more customers than expected amid surging demand for AI. Also worth noting that again these shares are kind of seen as a gauge for the AI trade and despite getting hit quite a bit by some fluctuations over the past two weeks from the blow up at situational awareness they're still up 12% now.

Yeah.

Livingston, New Jersey. That's where Coree is based.

Wow.

Yeah.

That's not really a lot a lot like a It's not Silicon Valley. It's not

a tech hotbed.

No, it's a suburb. that

but everyone lives in the AI trade too.

Wife's cousins live in and I'm like how is Cororeweave here? That is really interesting. Okay, so Cororeweave moving after hours to the upside. CRWV is the ticker. How about we talk about lunch?

Yes, Cava, that's ticker CAVA. Currently up about 6.8% and that's after the Mediterranean restaurant operator sales rose a lot faster than expected for the second quarter. Part of that is because of the popularity of pita chips and also their salmon. And now they're also noting that their average customer spends about $15 at the chain, which shows that even in the face of elevated gas prices at the pump, Americans are still willing to buy if companies kind of hit the right notes along that affordability and quality side as well.

Yeah, this was a stock that was on fire up until 2024 and it's down significantly from that high about 60%. There were a lot of questions back then about the valuation of this given that it's a restaurant operator and you can you know easily calculate a value based on the number of stores and what the sales are at those number of stores. Market cap now at about $7 billion. Is it one that's been affected by Cycllospora?

Well, they did actually note that there was a slight slowdown [music] in sales. However, their supply chain has not been impacted in the same way as some of their competitors like Chipotle. The Stock [music] Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest [music] roundup of companies making news on Wall Street. And for the latest market moving headlines, [music] listen to Bloomberg Radio Live.

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