Why Super Micro Computer Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

Shares of Super Micro Computer, Inc. SMCI rose sharply in pre-market trading after the company announced updated financial guidance for the second-quarter, which surpassed its previous outlook.

The company estimated that second-quarter net sales will be between $3.6 billion and $3.65 billion, versus the prior guidance of between $2.7 billion and $2.9 billion. Non-GAAP diluted net income per common share is expected to be between $5.40 and $5.55, versus the previous forecast of between $4.40 to $4.88.

Super Micro Computer shares surged 12.4% to $349.85 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Treasure Global Inc. TGL shares rose 31.7% to $0.1356 in pre-market trading. Treasure Global and AIO Synergy recently entered into a strategic alliance aimed at reshaping the landscape of artificial intelligence.
• Phunware, Inc. PHUN shares jumped 28.9% to $0.3114 in pre-market trading after jumping around 49% on Thursday. Phunware recently announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.
• Cyngn Inc. CYN surged 21.1% to $0.1634 in pre-market trading after gaining over 5% on Thursday.
• HNR Acquisition Corp HNRA shares climbed 20% to $2.58 in pre-market trading after surging 13% on Thursday.
• Siyata Mobile Inc. SYTA gained 18% to $4.13 in pre-market trading after declining around 3% on Thursday.
• Future FinTech Group Inc. FTFT shares gained 16.9% to $1.05 in pre-market trading after gaining around 7% on Thursday. Future Fintech Group recently responded to SEC allegations against the company’s CEO.
• Essential Properties Realty Trust, Inc. EPRT gained 11.4% to $27.50 in pre-market trading.
• Mesoblast Limited MESO gained 10.5% to $1.90 in pre-market trading after the FDA granted a Rare Pediatric Disease Designation to the company’s Revascor® for treating children with congenital heart disease.
• Huadi International Group Co., Ltd. HUDI shares gained 9.6% to $2.98 in pre-market trading after falling around 3% on Thursday.

Losers

• iRobot Corporation IRBT shares dipped 35.8% to $15.16 in pre-market trading. The European Union's competition watchdog is poised to reject Amazon.com Inc's AMZN ambitious $1.7-billion acquisition of iRobot, The Wall Street Journal reported, citing sources close to the matter.
• Esperion Therapeutics, Inc. ESPR shares fell 23.3% to $1.65 in pre-market trading. Esperion priced its $85.1 million public offering of 56.7 million common share at $1.50 per share.
• Nuvve Holding Corp. NVVE shares declined 21.8% to $0.0726 in pre-market trading. The company said it will effect a 1-for-40 reverse stock split of its common stock, to be effective as of Friday, Jan. 19, 2024.
• AST SpaceMobile, Inc. ASTS declined 18.5% to $3.39 in pre-market trading. AST SpaceMobile announced a $100 million offering of common stock. The company also announced a strategic investment from AT&T Inc T, Alphabet Inc GOOG GOOGL and Vodafone.
• Datasea Inc. DTSS shares fell 17.2% to $0.1131 in pre-market trading. Datasea announced plans for a 1-for-15 reverse stock split to regain compliance with Nasdaq minimum bid requirement.
• Vision Marine Technologies Inc. VMAR shares dipped 16.4% to $0.6704 in pre-market trading. Vision Marine Technologies announced close of $3.0 million private placement of convertible preferred shares and warrants with Investissement Québec.
• C3is Inc. CISS shares fell 16.3% to $0.3150 in pre-market trading after dipping over 10% on Thursday.
• SOBR Safe, Inc. SOBR shares declined 14.3% to $0.3338 in pre-market trading after declining around 7% on Thursday.
• ReTo Eco-Solutions, Inc. RETO fell 12.1% to $0.33 in pre-market trading. ReTo recently received Nasdaq notification regarding minimum stockholders' equity deficiency.
• MorphoSys AG MOR fell 10.7% to $9.14 after falling 6% on Wednesday. Morgan Stanley analyst James Quigley, on Tuesday, downgraded MorphoSys from Overweight to Equal-Weight.

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