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Investopedia
What You Need To Know Ahead Of Super Micro Computer's Earnings Report
~1.3 mins read
Super Micro Computer (SMCI) is set to report fourth-quarter earnings for its fiscal 2024 after the bell Tuesday, with investors likely watching for strong quarterly guidance that suggests strong artificial intelligence (AI) demand as well as awaiting updates on the server maker's partnership with Nvidia (NVDA).
The company's revenue is projected to be $5.29 billion, according to estimates compiled by Visible Alpha. Net income is expected to come in at nearly $489 million, or $7.54 per share, positioning revenue and profit higher than both Super Micro's prior quarter and the year-ago period.
Investors will likely be watching for the server maker to issue sales guidance for the current first quarter that indicates strong demand for its AI technology at the start of its fiscal 2025 year.
Analysts expect Super Micro to guide toward $5.37 billion in first-quarter sales, while full-year guidance is projected to be $23.83 billion, according to estimates compiled by Visible Alpha.
J.P. Morgan analysts said they expect Super Micro to report better-than-consensus guidance for the first quarter of its fiscal 2025, "to assure investors around AI-led demand." They expect the full-year outlook to be in line with consensus, however, as Super Micro likely "chooses to remain conservative till it gets further visibility."
Super Micro Computer is an Nvidia partner, and makes AI-based servers for the chip maker. The company could give investors some reassurance when it reports Tuesday that demand for its AI servers remains strong, especially as Nvidia's launch of Blackwell, its next-generation chips, has reportedly been delayed.
Super Micro shares were down 3% at $605.14 Monday afternoon, paring steep earlier losses above 10%. The stock has more than doubled year-to-date, although it is off peaks hit in March.
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Worldnews
Palestine Action Are Not Terrorists. Israel Is
~2.8 mins read
Labelling peace activists as extremists while backing Israel’s genocide exposes the UK government’s moral collapse. The generation that marched in record numbers against the Iraq war learned one thing clearly: respectable protest alone does not work. On the issue of Palestine, too, the power elite has repeatedly ignored the popular will. The media pays little attention to hundreds of thousands marching, and the government remains unmoved despite public polls showing a majority support for an arms embargo on Israel. This democratic deficit in Britain makes direct action seem the only powerful way to oppose Western war‑mongering in the Middle East. And Britain’s ongoing military support for Israel’s genocide in Gaza is why I support Palestine Action – the group the Home Secretary, Yvette Cooper, is planning to proscribe as a terrorist organisation after its activists vandalised a Ministry of Defence aircraft. I, too, have felt morally compelled to take direct action. In summer 2014, when Israel bombed Gaza for 51 days – killing more than 2,200 Palestinians – I was a member of the original London Palestine Action group. We occupied the roof of a drone‑engine factory owned by Elbit Systems, halting production for two days. It remains one of my proudest moments. But our group burned out and became dormant until relaunching under a different name in 2023. By contrast, the nationwide Palestine Action, founded in 2020, has mounted a sustained campaign against Elbit Systems, taking far greater personal risks. Inspired by Smash EDO, the Raytheon Nine, and the 1996 action that decommissioned Hawk jets to stop Suharto’s bombing of East Timor, Palestine Action has destroyed millions of pounds’ worth of military equipment. They have become a serious thorn in the side of the military–industrial complex. Many – often young women, queer people and people of colour – have been imprisoned, sacrificing their freedom as political prisoners. Crucially, Palestine Action has never harmed a human being. Their actions – non‑violent yet disruptive – have saved lives. By contrast, Israel’s genocide in Gaza has killed or maimed at least 200,000 people, including tens of thousands of children. This constitutes state terror by any standard. These brave activists are acting to prevent it because their government refuses to. If the British government had never armed Israel, or had stopped doing so at any time in the past decade, Palestine Action would have had no target and might not have existed. Perhaps then, as I write, Israel would not be committing genocide in Gaza either. But Britain’s attitude towards Palestinians has been rooted in colonial arrogance for over a century, originating with the Balfour Declaration. Palestine Action’s direct intervention has exposed the contradictions in Britain’s position on Israel. The Home Secretary’s plan to proscribe the group as a terrorist organisation reveals the authoritarian nature of the current Labour government and the racialised social control underpinning the “war on terror”. By branding non‑violent resisters as “terrorists”, the UK has taken a leaf directly from Israel’s playbook. Just this month, Israel did the same to the Palestinian rights group Addameer. This tactic is increasingly used by authoritarian states around the world. It is the road to fascism – and it threatens to further erode the democratic freedoms we still have in Britain. But this tactic will not work. You can ban a group, but not a movement or an idea. Palestine Action has engaged acclaimed lawyer Gareth Pierce to challenge the proscription in court. And even if the ban stays in place, direct action will persist as long as Britain supports Israel’s genocide. Yet direct action alone cannot end this atrocity. It will take all of us, from within and beyond institutional politics, pressuring Britain from every angle. It won’t happen overnight, but it can happen. And when Palestine is free, history will remember clearly: Keir Starmer and his government as enablers of genocide, and Palestine Action as heroic peace activists who laid down their liberty – and their bodies – to oppose state terror. The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance. Follow Al Jazeera English:...
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Worldnews
South Korea Court Clears Opposition Leader In Election Law Violation Case
~1.7 mins read
The court ruling removes a barrier that could have prevented Lee Jae-myung from running for president. A South Korean appeals court has reversed a 2024 legal ruling and found main opposition leader Lee Jae-myung not guilty of violating election laws, removing a barrier that could have blocked him from running for president. Following the verdict on Wednesday, Lee – who had been handed a one-year prison sentence in November – said the decision by the Seoul High Court completely vindicated him and proved the case was politically motivated. “It is truly outrageous that all this energy and national resources were spent for what is an obvious outcome,” he said. The appeals court reversed an earlier ruling that found Lee guilty of making a false claim during a 2021 parliamentary audit about a land development project in Seongnam, where he served as mayor. If upheld, the ruling would have stripped Lee of his parliamentary seat and barred him from running in the next presidential election. For now, opinion polls indicate he is the frontrunner to replace President Yoon Suk-yeol if the embattled leader’s impeachment is upheld. South Korea will hold a snap ballot within 60 days if the Constitutional Court upholds the impeachment of Yoon over his short-lived declaration of martial law in December. Lee, the leader of the main opposition Democratic Party, is regarded as, by far, the top contender for the next presidential election but faces legal challenges. It was unclear if the prosecution would decide to appeal Wednesday’s High Court decision at the Supreme Court. In addition to the election law violation case, he also faces several other trials on matters ranging from bribery to charges mostly linked to a $1bn property development scandal. In South Korea, if politicians are convicted of violating the election law and given a fine of one million won ($680) or more, or even a suspended sentence, and the conviction becomes finalised, they are barred from running for elections for at least five years and stripped of their parliament seat. Lee, 61, ran against Yoon in the 2022 presidential election and lost by the slimmest margin in history. In 2024, he survived a knife attack when he was stabbed in the neck by a man during an event and underwent surgery. Follow Al Jazeera English:...
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Instablog9ja
Nationwide Protest: Remain On Campus Education Minister Appeals To Nigerian Students
~1.1 mins read
The Minister of Education Tahir Mamman has advised students in Nigerian universities to remain on campus during the planned nationwide protests.
A statement by the National Universities Commission (NUC) on Monday said the advice was to avoid risking their lives. The statement was signed by the acting Executive Secretary of the NUC, Chris Maiyaki, and addressed to Vice-Chancellors of universities.
“The Honourable Minister of Education has directed that the attention of Vice-Chancellors of all Nigerian Universities be formally drawn to the plan by unknown groups to embark on nationwide protests. The Federal Government is not unaware of the right of any Nigerian to peaceful protest, but is concerned about the safety of staff, students, and university property should there be any protest action.
Consequently, the Honourable Minister has directed that Vice-Chancellors of all Nigerian Universities should take proactive steps to ensure the security and safety of the university community, including staff and students. In addition, Vice-Chancellors are to please issue specific statements to assure staff and students of their safety. It is also advisable that students remain on campus to focus on their academic pursuits to avoid exposure to any potential danger during the planned protests. Please accept the renewed assurances of my highest considerations and best wishes.”
The development comes on the heels of organised a nationwide protest slated for August 1 to 10, 2024. The planned protest has gained traction on social media, trending under the hashtag ‘#EndBadGovernance. The presidency and police authorities have since called on youths to shelve the protest.
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