24H|SMCI Jumps 5% in Overnight Trading; China EV Stocks up; Li Auto up 4%; XPeng up 2%; Bumble Drops 18%

Tiger Newspress
02-19

SUPER MICRO COMPUTER INC jumped 5% in overnight trading, up 83% this year.

The bulk of the gains came after a second-quarter business update where the company guided for $40 billion of revenue in its fiscal 2026, which was way above analysts' expectations.

Crypto shares rose in overnight trading. MARA Holdings rose 1.3%; Riot Platforms rose 1.2%; Strategy, Coinbase Global, Inc. rose 1%.

China EV stocks up in overnight trading. Li Auto rose 4%; XPeng Inc. rose 2%; NIO Inc. rose 1%.

China EV insurance registrations by brand for week ending Feb 16: Xpeng was at 8,100 units, Li Auto 7,500, Zeekr 3,600, Leapmotor 5,200 and Aito 3,000.

Major EV makers saw increased insurance registrations last week, albeit still at low levels.

Bumble Inc. forecast its first-quarter revenue below analysts' estimate on Tuesday, signaling that the dating app operator's efforts to boost growth are taking longer than expected, sending its shares down 18% in overnight trading.

Arista Networks stock was 5% lower even though its quarterly earnings and revenue, as well as its guidance, topped Wall Street’s expectations. Arista posted adjusted fourth-quarter earnings per share of 65 cents on $1.93 billion in revenue, while analysts polled by LSEG expected earnings of 57 cents per share, excluding items, on $1.90 billion in revenue.

Toll Brothers shares fell about 6% on the back of the homebuilder’s first-quarter results. Toll Brothers’ revenue of $1.86 billion for the period fell short of expectations of $1.91 billion, from analysts polled by FactSet. The company’s earnings of $1.75 per share also came out under the consensus forecast of $2.04 per share.

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