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Shares in Super Micro Computer, Inc. (Nasdaq: SMCI) are once again rising in premarket trading this morning. As of the time of this writing, SMCI stock is up over 6% to $59.25 per share. That rise is in addition to the more than 16% rise in the stock yesterday. When looking back year-to-date, Super Micro Computer (aka Supermicro) has seen shares rise over 83% as of yesterdays close. It is now at highs not seen since late August when a spate of bad news, including alleged accounting issues, kicked off a months-long drop in the stocks price. The turnaround in SMCIs stock price fortunes has been especially evident over the last five days. During that time, SMCI shares were up over 30% as of yesterdays close. But why? There are two likely reasons: Supermicro ‘believes’ it will file critical SEC paperwork on time One of the problems that have rattled Supermicro investors is companys delayed filing of its Form 10-K with the Securities and Exchange Commission (SEC). The form should have been filed last year, and if Supermicro does not file it by February 25, which is next Tuesday, the company could be delisted from the Nasdaq stock exchange. But as Fast Company previously reported, Supermicro last week announced that it believes it will be able to make that deadline. The statement was music to investors ears. Supermicro continues to work diligently toward the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and its Quarterly Report on Form 10-Q for the period ended September 30, 2024,” the company said in a statement. “Based on information currently available, the Company believes it will make such filings by February 25, 2025.” A strong 2026 forecast Last week, Supermicro announced its second-quarter fiscal 2025 results. With those results, the company also updated its projected revenue for full-year fiscal 2025 and fiscal 2026. While Supermicro lowered its fiscal 2025 projected revenue forecast, the company raised its 2026 forecast. Supermicro now suggests that it will make over $40 billion in revenue in fiscal 2026. Some of that revenue increase is partly due to another companyNvidia. As companies adopt the new line of Nvidia Blackwell GPUs to power their AI needs, many will need the server racks that Supermicro makes to deploy them, thus giving Supermicro sales a boost. With our leading direct-liquid cooling (DLC) technology and over 30% of new data centers expected to adopt it in the next 12 months, Supermicro is well positioned to grow AI infrastructure designs wins based on NVIDIA Blackwell and more, CEO Charles Liang said last week. He continued, [We] will expand our leadership as the premier US-based data center infrastructure solution provider. Where does SMCI stock go from here? Of course, revenue forecasts are just thatforecasts, not guarantees. And despite Super Micro Computer’s statement that it believes it will be able to file its delinquent SEC form by next Tuesdays deadline, nothing is certain until the forms are actually submitted. Yet investor optimism seems strong regardless given SMCIs stock price surge over the past five trading days and since the beginning of the year. But even though SMCI stock is up over 30% in the past five days and over 83% since the beginning of the year, the companys stock price is still down by more than 30% over the past 12 months as of yesterdays close. Where it goes from here is anyones guess, but the next big driver of its rise or fall will likely be confirmation of whether it was able to file its missing 10-K form by February 25.
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E-Commerce
Union leaders have described President Donald Trump’s nominee to lead the Department of Labor as a friend of organized labor. But as her confirmation hearing begins Wednesday, advocates for workers’ rights question whether Lori Chavez-DeRemer will be able to uphold that reputation in an administration that has fired thousands of federal employees.Chavez-DeRemer, a former Republican member of Congress from Oregon and former mayor of a small city on the edge of liberal-leaning Portland, is scheduled to appear before the Senate Committee on Health, Education, Labor & Pensions, the first stop in her confirmation process.During her one term as a congresswoman, Chavez-DeRemer’s voting record earned her strong union support. Some political observers surmised that Trump picked her as his labor secretary as a way to appeal to voters who are members of or affiliated with labor organizations. She is the daughter of a Teamster member.Before she lost her House reelection bid in November, Chavez-DeRemer backed the PRO Act, legislation that would allow more workers to conduct union organizing campaigns and penalize companies that violate workers’ rights. The bill, one of former President Joe Biden’s priorities, passed the House in 2021 but didn’t gain traction in the Senate.If confirmed as secretary, Chavez-DeRemer would be in charge of the Department of Labor’s nearly 16,000 full-time employees and a proposed budget of $13.9 billion in fiscal year 2025. She would set priorities that impact workers’ wages, ability to unionize, and health and safety, as well as employers’ rights to fire employees.But it’s unclear how much power Chavez-DeRemer will be able to wield as Trump’s Cabinet moves to slash U.S. government spending and the size of the federal workforce. During his first month in office, the president froze trillions of dollars in federal funding and offered buyouts to most federal workers.His administration last week started laying off nearly all probationary employees who had not yet gained civil service protection. Billionaire Elon Musk, who leads Trump’s Department of Government Efficiency, has called for getting rid of entire agencies.“The Department of Labor is the agency where people in building are supposed to wake up every day thinking about how they can improve the lives of working people,” said Adam Shah, director of national policy at Jobs with Justice, a nonprofit organization that promotes workers’ rights. “It’s quite possible that no matter what the secretary of labor stands for, the billionaire embedded in the Trump administration, who is so keen on destroying the institutions, will be interested in gutting the Department of Labor.”In January, Trump fired two of three Democratic commissioners serving on the Equal Employment Opportunity Commission, a federal agency that enforces civil rights in the workplace. He also fired the acting chair of the National Labor Relations Board, Gwynne Wilcox, the first Black woman to serve as an NLRB member, as well as General Counsel Jennifer Abruzzo. Wilcox sued the Trump administration, arguing that federal law protects her from being arbitrarily dismissed.Republicans have made inroads with working-class voters. Despite decades of labor unions siding with Democrats, and Trump’s apparent support for firing striking workers, his populist appeal gained him votes from rank-and-file union members.Many major unions, including the AFL-CIO and the United Auto Workers, endorsed Democrat Kamala Harris in the presidential race. The International Brotherhood of Teamsters declined to endorse a candidate, and Teamsters leader Sean O’Brien spoke at the Republican National Convention. The Teamsters have endorsed Chavez-DeRemer’s nomination.Some observers expect Chavez-DeRemer to receive more votes from Senate Democrats than some of Trump’s other Cabinet selections did. But the same positions that won her support from unions may make her a harder sell with business groups; the American Trucking Associations and the International Franchise Association said they hoped she would disavow her past support for the Pro Act by working to get it overturned.Emily Twarog, an associate professor in the school of labor and employment relations at the University of Illinois, said a question mark hangs over the labor secretary-designate even if she gets the Senate committee’s approval.With the ongoing efforts by the current administration to limit or eliminate certain government functions, “how much will she actually be able to do to help workers in the Department of Labor if there’s limited funding and restrictions put on the work that can be done?” Twarog said. Cathy Bussewitz, Associated Press
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E-Commerce
What do prison and business have in common? At first glance, nothing. One is a place where hope and trust are scarce, and every decision you make is a matter of survival. The other is a world built on innovation and collaboration, full of opportunities. But when you strip them both down to their core, youll find the same thing: leadership. And not the kind of leadership you read about in glossy books. Im talking about real-life, earned leadership. My name is Andre Norman, and I was once sentenced to more than 100 years in prison. That kind of time breaks most men. But I worked day in and day out to earn my freedom and, after 14 years, I reentered the world as a completely different man. While I was behind bars, before I realized my life didnt have to end in prison, I rose through the ranks of the gang system. As a prison boss, I managed gang activities from within the maximum-security walls, one of the toughest environments on the planet. But I soon realized that, even though I had a sense of leadership, I was the King of Nowhere. During two years of solitary confinement, I made a decision that changed everything. I set my sights on Harvard University. It was a big goal for someone in my position, but I knew if I wanted it badly enough, I could make it happen. From that moment, I worked backward, using the same skills that had helped me survive in prison: reading people, networking, communicating. And in 2015, my dream became a reality: I earned a fellowship at Harvard Law School. In prison, leadership wasnt a titleit was survival. You had to know how to read people. If you make the wrong call, it could cost you your life. I didnt have the luxury of guessing. I had to know. Is this person going to kill me today, or are they someone I can work with? Behind bars, you learn quickly that loyalty isnt given, its earned. And trust? Trust is the most valuable currency of all. When I got out and started working with CEOs and leaders, I realized that the business world is not so different from the world I left behindbesides the fact that nobody is coming to the table with a knife. Still, the principles of leadership dont change. In prison, nobody cares about your title. They dont follow you because you say youre in charge. They follow you because youve proven you can lead. Its the same in business. Your people arent going to trust you just because of your org chart. Theyll trust you because youve shown them that youre worth trusting. If Ive learned one thing, its that leadership is universal. Whether youre behind bars or behind a desk, the same rules apply. Here are a few of the rules Ive picked up along the way: Comfort is the enemy of success Comfort is a trap. In prison, getting comfortable meant letting your guard down. And letting your guard down could mean losing everything. The same applies to leadership. When you and your team settle into a rhythm that feels safe, you stop growing. The best leaders embrace discomfort because its a sign of growth and progress. Make better people, not just better businesses Prison taught me that the strength of your crew determines the strength of your leadership. If youre only focused on hitting numbers or meeting deadlines, youre missing the bigger picture. In business, just like in life, better relationships build better outcomes. As a leader, your job isnt just to make sure the work gets done, its to help your team to grow into the best versions of themselves. When you invest in your people, the results take care of themselves. Accountability isnt punishment Holding people accountable doesnt make you the bad guy. Accountability is love. It means you care enough to challenge your team to be better, just like you challenge yourself to be a better leader. In prison, accountability was life or death. In business, its the difference between mediocrity and greatness. When you hold people accountable, youre not punishing themyoure showing them you believe in their potential. Communication is everything In prison, a single misstep in communication could lead to chaos. The same goes for business. Effective communication isnt just about what you say but how you say it. Even more importantly, its about how you listen. Great leaders read between the lines and notice whats been left unsaid. Their goal isnt to be the loudest voice in the room, but to create space for people to speak up. Communication is the glue that holds your team together. Golden handcuffs are still handcuffs Handcuffs trap leaders, too. The question is: Are you in your position because youre passionate about the work, or because of the allure of money, status, and power? Leadership can feel like a cage, even when its lined with perks. If you feel constrained, its time for a change. You can walk away. Or you can simply break free from monotony by seeking out fresh challenges that inspire and stretch you. Leadership isnt a positionits a practice. Its something you work at each and every day. Leadership is earned through action and proven in the moments when you step up, even when its hard. So, you have a choice: to lead with purpose or to go through the motions. The leaders who make the biggest impact are the ones who never stop doing the work. What does your leadership look like?
Category:
E-Commerce
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