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AI & Enterprise

Jim Cramer says do nothing during earnings season, hold good companies to the end

Jim Cramer urged investors not to be swayed by short-term volatility as the U.S. earnings season gathers pace. He said investors should keep their hands still, watch the signals the market sends and focus on holding good companies for the long term. Cramer said recent moves have been hard to predict, citing GE Vernova’s plunge after earnings and Nvidia’s rebound, as well as utilities rising even as Treasury yields climbed.

AI & Enterprise

Super Micro shares jump 15 percent on $60 billion in new AI server orders, margin upgrade

Super Micro Computer shares surged 15 percent after the company released a preliminary update projecting sharply higher gross margin for fiscal 2026 fourth quarter and reporting record new orders. It forecast gross margin and adjusted gross margin of 15 to 17 percent, above its prior outlook. The company kept its revenue view but said it secured more than $60 billion in new orders in the quarter, with the backlog at a record as of June 30.

AI & Enterprise

Nvidia cracks down on China circumvention, cuts over half of Asia AI chip customers

Nvidia has sharply reduced its AI chip sales network in Asia to block indirect exports to China. The company has cut its list of approved Asian distributors and buyers to about half and is applying new screening standards in Japan, Singapore and Malaysia. More than half of existing buyers are no longer approved, though they can reapply after meeting requirements. Nvidia is conducting on-site data centre inspections, contract checks and user interviews, with U.S. Commerce Department oversight reported.