May 19, 2024
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Super Micro misses quarterly revenue estimates as inventory up, shares down 10%

  • May 1, 2024

(Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on Tuesday, hurt by a shortage of some crucial components and questions over the profitability of a new line of servers. Shares of Super Micro, which have more than tripled in value so far this year, were down 10% in pre-trading on

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Finance

GameStop faces ‘unsustainable’ sales decline, cuts jobs to control costs

  • March 26, 2024

By Priyanka G and Harshita Mary Varghese (Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy. Shares of the Grapevine, Texas-based company tumbled 16% in extended trade.

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