Tag Archives: year-over-year

GE Vernova Inc. (GEV) Discusses Financial Guidance, Multiyear Outlook, and Industry Growth Drivers Transcript

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**Michael Lapides, Vice President of Investor Relations**

Hello, everyone. Welcome to GE Vernova’s Investor Update event. It’s great for our team to be back in front of all of you again. It’s wonderful to see so many people here and to know that many are watching online as well.

Before we get started, a quick reminder: our materials and non-GAAP reconciliations are posted on our website. Unless otherwise noted, the outlooks presented today exclude the impact of the recently announced acquisition of Prolec GE. Additionally, all year-over-year commentary or variances on orders, revenue, adjusted EBITDA, and margins are provided on an organic basis.

Please note that some statements made today are forward-looking and based on our best view of how we see our businesses currently. As disclosed in our SEC filings and on our website, these elements can change, and we are not obligated to update them.

Today, you will hear from Scott and Ken, our CEO and CFO, as they provide outlooks on our multiyear forecast and discuss key longer-term drivers beyond 2028. Following their remarks, we will open the floor for a Q&A session for those attending in person.

Thank you for joining us.
https://seekingalpha.com/article/4851827-ge-vernova-inc-gev-discusses-financial-guidance-multiyear-outlook-and-industry-growth-drivers?source=feed_all_articles

Agentforce use cases now number 18,500 as Salesforce turns in a $10.9 billlon quarter

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**A Tale of Two AI Firms**

Tuesday saw contrasting fortunes for two AI giants. On one hand, Microsoft’s stock took a tumble amid reports—since denied by the company—that it had lowered its AI sales targets due to sluggish customer demand. On the other hand, rival Salesforce experienced a share price lift following the release of its quarterly results, which revealed significant momentum in its Agentforce platform.

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**Salesforce Q3 Fiscal 2026 Highlights**

For Q3 fiscal 2026, Salesforce reported earnings of $2.09 billion, up 37% year-over-year, on revenues that grew nine percent to $10.9 billion. Notably, Agentforce and Data 360 achieved $1.4 billion in Annual Recurring Revenue (ARR) for the quarter, marking a 114% increase year-over-year. Within that figure, Agentforce ARR alone hit approximately $540 million, soaring 330% year-over-year.

More than 70% of Salesforce’s top 100 wins included five or more cloud products, highlighting broad adoption across its suite.

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**Revenue Breakdown by Product Line – Q3**

– Agentforce Sales: $2.3 billion, up 8% year-over-year (constant currency)
– Agentforce Service: $2.5 billion, also up 8%
– Agentforce 360 Platform, Slack, and Other: $2.2 billion, up 19%
– Agentforce Marketing and Agentforce Commerce: $1.4 billion, up 1%
– Agentforce Integration and Agentforce Analytics: $1.4 billion, up 6%

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**Performance and Customer Adoption**

Salesforce CEO Marc Benioff commented on the quarter:
*“We had strong performance across Agentforce Service, Agentforce Sales, and Slack. It’s really a hat trick for Salesforce, with large customers saying, ‘Let us show you what we’re doing in Service, Sales, and Slack.’ It’s a ‘Wow!’ experience right now.”*

Regarding Agentforce use cases, there are now 18,500 examples at some stage of implementation, with 9,500 being paid deals. This is a significant increase from Q2, which had 12,500 overall Agentforce deals and around 6,000 paid deals.

Benioff added:
*“We all know that the speed of innovation over the last three years has far exceeded the speed of customer adoption, but that is changing. At Dreamforce, customers are saying, ‘Yes, I’m going to use this now.’ They are deploying customer agents, employee agents, omni-channel supervisors, harmonizing and federating data, and upgrading applications.”*

Customers actively using Agentforce have jumped 70% quarter-over-quarter. Over 50% of new Agentforce bookings and 50% of Data 360 bookings came from existing customers expanding their investments — a sign of deepening adoption.

Data 360 continues to accelerate as the foundation for every Agentforce deployment.

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**Other Key Topics from the Post-Results Call**

**Pricing for the Agentic Age:**
Benioff explained Salesforce’s approach to pricing, noting the introduction of what they call the Agentic Enterprise License Agreement. Originally, pricing was expected to be usage- or transaction-based, but customer demand has pushed Salesforce to offer more flexible and enterprise-wide licensing models.

**$8 Billion Informatica Acquisition:**
Benioff is optimistic about the potential of the Informatica acquisition.
*“During due diligence, we saw a lot of promising tech in their labs. Combining Informatica with Data 360 and MuleSoft takes us to a new level in harmonization, integration, and federation of data,”* he said.
He estimates the combined opportunity could reach about a $10 billion business next year, delivering AI-powered intelligence, accuracy, and reliability—especially in reducing hallucinations and adding context to AI outputs.

**‘Divorce’ from Veeva and Life Sciences Cloud Growth:**
Benioff took a jab at Salesforce partner-turned-rival Veeva:
*“They decided to become our competitor, and we’re taking market share from them. They even mentioned losing deals to us in their earnings call, but they haven’t yet seen the full impact of our gains.”*
Salesforce’s Life Sciences Cloud now boasts over 120 industry leaders, including five of the top 20 pharma companies. This momentum is expected to continue expanding across the sector.

**U.S. Public Sector Opportunity:**
Benioff shared insights from recent meetings in Washington, D.C., with senior government officials, including the Treasury Secretary.
He highlighted Salesforce’s growing role in helping major agencies re-automate and modernize their workflows. Notable examples include:
– The U.S. Air Force and Army running critical workflows on Salesforce
– Over 120 apps running at Veterans Affairs, significantly improving veteran services
– The IRS automating up to 98% of manual activities in its Office of the Chief Counsel, reducing case opening times from 10 days to 30 minutes, and saving an estimated 500,000 minutes annually through legacy system retirements

Salesforce’s Agentforce will further optimize and accelerate processes at the IRS and beyond.

**Addressing the MIT Report on AI ROI:**
Benioff referenced a recent MIT report claiming 95% of AI projects fail to deliver ROI. He explained:
*“Many customers initially tried building their own AI models and toolkits, with limited success. The real value now comes from delivering AI-powered customer agents through platforms like Agentforce.”*

—

**My Take**

Salesforce delivered a strong quarter, countering much of the investor skepticism around the pace of Agentforce adoption. While there is undoubtedly a long road ahead, the trajectory is clear—Agentforce adoption is heading strongly upward.

The increasing variety of use cases further strengthens the business case for enterprises hesitant or cautious about diving into AI-driven platforms.

Onwards!
https://diginomica.com/agentforce-users-now-number-18500-salesforce-turns-109-billlon-quarter

Dell Stock Jumps as Q3 Earnings Beat Expectations Despite Revenue Miss

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TLDR Dell reported Q3 earnings of $2. 59 per share, beating estimates, but revenue of $27. 01 billion missed expectations Company increased AI server revenue forecast to $25 billion for fiscal 2026, up from $20 billion Q4 revenue guidance of $31. 5 billion exceeded analyst estimates of $27. 59 billion by nearly $4 billion AI server backlog grew to $18. 4 billion with $12. 3 billion in new orders David Kennedy appointed permanent CFO as Dell raises full-year revenue outlook Dell Technologies posted mixed third-quarter results that left investors focused on the future rather than the present. The company missed revenue targets but delivered a forecast that sent shares climbing 5% in extended trading. Revenue reached $27. 01 billion, falling short of the $27. 13 billion analysts expected. Earnings per share of $2. 59 beat the $2. 47 consensus estimate. Net income climbed to $1. 54 billion from $1. 17 billion a year earlier. Dell Technologies Inc., DELL The real story emerged in Dell’s guidance. The company expects fourth-quarter revenue of roughly $31. 5 billion. That’s nearly $4 billion above Wall Street’s $27. 59 billion estimate. AI Infrastructure Drives Growth Dell’s AI server business is firing on all cylinders. The company now projects $25 billion in AI server revenue for fiscal 2026. That’s a $5 billion increase from its previous $20 billion forecast. Third-quarter AI server shipments hit $5. 6 billion. The backlog swelled to $18. 4 billion, powered by $12. 3 billion in fresh orders. Dell expects to move $9. 4 billion worth of AI servers in Q4 alone. Major customers include xAI, CoreWeave, the U. S. Department of Energy, and G42. A November deal with Iren to supply Nvidia GB300 systems for Microsoft wasn’t included in the Q4 forecast. Infrastructure Solutions Group revenue reached $14. 11 billion, matching estimates. Server and networking sales jumped 37% year-over-year to $10. 1 billion. PC Business Continues Decline The traditional computer business tells a different story. Client Solutions Group revenue of $12. 48 billion grew just 3% and missed the $12. 65 billion estimate. Commercial PC and laptop sales dropped 7% from last year. Consumers and businesses aren’t rushing to upgrade existing machines. The weak demand persists across the personal computer market. Cost Pressures Mount Rising memory chip prices threaten margins. DRAM and NAND costs are climbing faster than Chief Operating Officer Jeff Clarke has ever seen. “We’re in a very unique time. We have not seen costs move at the rate we’ve seen,” Clarke told analysts. The company may need to pass some costs to customers but will try to minimize the impact. Strong demand gives Dell pricing leverage. When orders exceed supply, sellers gain negotiating power. Dell appointed David Kennedy as permanent CFO. The company raised full-year revenue guidance to between $111. 2 billion and $112. 2 billion. Previous expectations ranged from $105 billion to $109 billion. The company returned $1. 6 billion to shareholders through buybacks and dividends. Fourth-quarter earnings per share are forecast at $3. 50, above the $3. 21 estimate.
https://blockonomi.com/dell-stock-jumps-as-q3-earnings-beat-expectations-despite-revenue-miss/

Fed Whisperer Timiraos Signals September Core PCE at ~0.22%, Inflation Likely to Ease From 2.9%

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COINOTAG News reported on November 26 that Nick Timiraos, often described as the Fed Whisperer by market participants, posted on social media about upcoming inflation data. He suggests that September’s CPI and PPI releases could lift the core PCE by roughly 0. 22%, a level that would sit near the core CPI reading for the month. The note underscores how the September prints may shape near-term market expectations and the Federal Reserve’s policy signaling. Should the core PCE come in softer than this threshold, the year-over-year inflation pace may slip from 2. 9% toward 2. 8%, contingent on other price series aligning. Analysts say such an outcome would support a cautious inflation trajectory while preserving the credibility of the Fed‘s policy path, keeping traders focused on forthcoming data releases and policy guidance.
https://bitcoinethereumnews.com/tech/fed-whisperer-timiraos-signals-september-core-pce-at-0-22-inflation-likely-to-ease-from-2-9/

USATF’s 2024 Tax Return Showcases Revenue Jump, Dip In Net Assets

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The numbers for USA Track and Field’s most recent financial report are in, and the non-profit had a big year in 2024. With a total revenue of $44. 6 million, USATF’s earnings jumped 22% year-over-year compared to its total of $36. 7 million in 2023. But the 2024 tax return and its tax form 990, which were released this week and prepared by internal auditor RSM, also showed some downsides: total expenses jumped 9% to $45. 9 million, while total assets dipped 6%, dropping to $29. 7 million. Net assets-meaning total assets minus liabilities-dropped even further from a deficit of $4. 9 million to a deficit of $6. 1 million. So, What’s The Verdict On USATF’s Financials In 2024? Olympic years are generally positive. They present great opportunities to flood the market with top-level competition and create brand awareness for organizations seeking to elevate their product. With the 2024 Paris Olympics creating brand equity and the once-in-every-four years U. S. Olympic Trials, USATF was able to leverage real momentum and create positive value over that stretch. The numbers also reflect that, with USA Track and Field merchandise rising to $2. 7 million, more than double from the previous year-though it only netted a total $229, 668 after counting for expenses. But preparations for major competition also led to additional cost. Sports performance outlays set the delegation back $2. 5 million, along with another $658, 000 for elite athlete costs. Plus, prior budget lines remained on the balance sheet, too. The 2022 World Championships and the 2023 Prefontaine Classic-that year’s Diamond League final-were both important commodities for the governing body during those spans as it looked to present an elite product for its athletes, members and fans. The expenses, however, showcased the sticky nature of big-budget meets. RSM wrote that “USATF continues to manage the aftereffects of major investments” and “the organization retains a negative net asset balance but maintains operational liquidity and long-term sponsorship stability.” In 2025, that “aftereffect” likely led to cancellations of USATF’s Grand Prix events in Los Angeles and New York, along with internal moves made by the delegation. Positive Injections of Cash Over 2024 What can’t be overstated is Nike’s influence on the USATF budget sheet. The Beaverton, Oregon-based company fueled USATF’s sponsorship dollars with $18. 1 million (over 90% of USATF’s sponsorship revenue of $19. 4 million), a figure that represents over 40% of the total dollars coming in over 2024. Elsewhere, USATF earned $6. 4 million from U. S. Olympic & Paralympic grants, $6. 1 million from events and athlete programs, $5. 4 million from membership programs and over $1. 13 million in media revenue. The Biggest Outlays For USATF In 2024 USATF noted that elite athlete competitions were big expenditures. With more than 100 national championships in a range of disciplines, including major international competitions, the organization took the bill for those events, spending just over $15 million over 2024. Sports performance was the other big expenditure, with $10. 4 million being set aside, while $2. 4 went to grass roots programs and $3. 5 went to member programs. What’s Everyone Making at USATF? Salaries are always relevant discussion, especially for a governing body which oversees over 100, 000 members. And that point was especially salient in 2024, considering USATF restructured in February 2025, just two months the end of the budget cycle, letting go a number of executive-level staffers, including its Chief Communications Officer and its Chief of Athlete Services and International Teams, according to a report by LetsRun. In his 12th year at the helm of USATF, CEO Max Siegel pulled down $1. 13 million in compensation. That amount included a base compensation of $734,565 and a bonus of $350, 000. But it also paled in comparison to his income of $3. 8 million in 2021, a number that reflected 11-percent of USATF’s revenue at the time. In 2023, Siegel signed a five-year contract extension that would position him through the Los Angeles Olympics. COO Renee Washington, meanwhile, followed with $625, 266 in earnings, while CFO Sara Reese made $291, 635. What’s Next For USATF? With a series of shrewd moves in 2025, USATF’s tax returns shows that it’s in a good position to continue building toward the Los Angeles Olympics. In July 2024, USATF and the U. S. Olympic & Paralympic Committee signed an agreement where the organizations would unite under one umbrella. That agreement also promised $14. 5 million in additional revenue from the USOPC to support its programs and competitions through 2028.
https://bitcoinethereumnews.com/finance/usatfs-2024-tax-return-showcases-revenue-jump-dip-in-net-assets/

Videos, photos show Customs and Border Protection agents in central North Carolina

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RALEIGH, N. C. (WTVD) — Less than a full day after ABC11 confirmed that federal agents with Customs and Border Protection were coming to the Triangle, they were spotted in some areas Tuesday morning. People in Cary, Durham and other places started sharing photos and videos with ABC11 of agents being spotted outside of businesses. In a photo outside a business in Cary, one person was in handcuffs and being escorted by what appears to be a Customs and Border Protection agent. In one photo, you can see agents outside of an apartment complex. A homeowner in Durham shared Ring cam video of agents arresting someone. Raleigh Mayor Janet Cowell confirmed Monday night to ABC11 that federal agents will be in Raleigh on Tuesday. “As the capital city, it is important to us that everyone who lives, works, plays, and learns in Raleigh feels safe,” Cowell said in a statement. “We have been made aware that Customs and Border Protection are coming to Raleigh. While the Raleigh Police Department is not involved in immigration enforcement, we are committed to protecting our residents and to following the law. I can confirm that RPD has not participated in any immigration planning activities. “Above all, Raleigh is a safe city, with crime down year-over-year. Public safety is a priority for me and this City Council,” the mayor continued. “This is a key moment to reaffirm our commitment to serving all members of our community. If you need help from the police, you call 911, and help will come. I ask Raleigh to remember our values and maintain peace and respect through any upcoming challenges. Together we are Raleigh Strong.” On Sunday in Raleigh, hundreds of people marched from Moore Square to the State Capitol in downtown Raleigh to protest what they saw happening in Charlotte. While many of the raids in Charlotte targeted Hispanic-owned businesses, Morrisville Councilmember Steve Rao tells ABC11 he’s worried about the possible effects on Morrisville’s large South Asian population. “So there is this fear and uncertainty about how you’re treated, how you’re handled,” Rao said. “I think many Indian-Americans are here legally on skilled immigration visas. There’s been concerns about fees being increased to $100,000 from $5,000 for applying for those. And if there are people here illegally, whether their paperwork has transpired or whatever, these people need to know their rights.”.
https://abc11.com/post/immigration-agents-nc-customs-border-spotted-central-north-carolina-outside-businesses-other-places/18169876/

Netflix (NFLX) Stock: Streaming Giant Implements 10-for-1 Split as Revenue Growth Accelerates

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TLDR Netflix executes 10-for-1 stock split on November 17, bringing share price down from $1,000+ levels Q3 2025 revenue jumped 17. 2% as company accelerates growth through price increases and new members Advertising division set to more than double revenue in 2025 despite being less than three years old Operating margins improved from 16% in 2023 to 27% in 2024, targeting 29% for 2025 Forward P/E ratio of 35 reflects expected earnings growth from expanding margins and ad revenue Netflix begins split-adjusted trading on November 17, 2025. The 10-for-1 split marks the company’s first since 2015. Netflix, Inc., NFLX Shares climbed well above $1,000 before the split. The adjustment makes the stock more accessible to retail investors and company employees. The split doesn’t alter Netflix’s underlying value. Shareholders receive 10 shares for each one previously held. Strong Revenue Performance Continues Third-quarter revenue rose 17. 2% year-over-year. This tops the 15. 9% growth posted in Q2 2025. The company expects Q4 revenue to increase another 17%. Growth stems from a combination of membership additions, price adjustments, and advertising. Netflix’s stock has shown extreme volatility. Shares traded below $200 in 2022 before the recent rally. The company now holds a market cap of $471. 3 billion. Year-to-date performance shows a 25. 42% gain. Advertising Business Scales Rapidly Netflix launched its ad-supported tier less than three years ago. The business remains smaller than subscriptions but is growing fast. Management projects advertising revenue will more than double in 2025. This creates a new revenue stream beyond subscriber fees. The advertising segment provides growth without depending solely on new members. It also offers attractive profit margins as it scales. Operating margins have expanded substantially. The metric jumped from 16% in 2023 to 27% in 2024. Netflix targets a 29% operating margin for 2025. This improvement comes before advertising becomes a major revenue contributor. Valuation Metrics and Competition The stock trades at a P/E ratio above 47. This appears elevated at first glance. The forward P/E ratio stands at 35. This lower figure accounts for anticipated earnings growth from revenue gains and margin expansion. Gross margin sits at 48. 02%. The company doesn’t pay a dividend to shareholders. The 52-week trading range spans $80. 93 to $134. 12. Average daily volume reaches 3. 6 million shares. Competition remains fierce in streaming. Well-funded tech companies continue heavy content spending. Netflix maintains market leadership through scale and subscriber base. The company’s established position provides competitive advantages. The advertising business could drive earnings growth over the next five to ten years. Management expresses increasing confidence in the ad segment’s outlook. Price increases and membership growth fuel current revenue gains. The company posted 15. 7% revenue growth for full-year 2024.
https://blockonomi.com/netflix-nflx-stock-streaming-giant-implements-10-for-1-split-as-revenue-growth-accelerates/

Tesla, Inc. (TSLA) Stock: Tesla Shifts Away From China-Made Parts Amid Tariff Pressure

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Tesla Mandates Suppliers to Ditch China-Made Components for U.S. Vehicles Amid Tariff Volatility

Tesla, Inc. (NASDAQ: TSLA) is implementing a significant shift in its supply chain strategy by requiring suppliers to eliminate China-made parts from vehicles manufactured in the United States. According to a recent Wall Street Journal report, this decision reflects growing concerns over fluctuating U.S.-China trade policies and the reliability of rare-earth elements and semiconductor supplies.

Supply Chain Realignment for U.S. Production

Tesla and its supplier network have already replaced several China-sourced components. The company aims to transition all remaining parts to non-China sources within the next one to two years. This move is intended to shield U.S. production lines from tariff-related cost risks and supply chain disruptions, providing greater stability amidst uncertain geopolitical tensions.

The push to diversify away from China-based components has intensified due to unpredictable cost structures created by tariff policy swings in recent years. Tesla’s focus aligns with a broader industry trend seeking to mitigate exposure to trade conflicts and supply bottlenecks.

Industry-Wide Response to Tariff Exposure

Automotive executives across the sector are actively revising supply chain strategies due to ongoing tariff volatility. Recent concerns over rare-earth material shortages and semiconductor supply constraints have prompted companies to reduce their dependence on China.

General Motors, for example, has instructed thousands of its suppliers to eliminate China-made parts, underscoring a wider industry movement towards alternative sourcing.

Challenges in Tesla’s China Market Performance

Tesla’s operations in China are confronting new headwinds as well. Data from the China Passenger Car Association shows a 9.9% year-over-year decline in China-made electric vehicle (EV) sales for October, with deliveries falling to 61,497 units. This represents a reversal from a 2.8% sales increase recorded in the previous month.

Production at Tesla’s Shanghai facility also dropped significantly, with Model 3 and Model Y output declining by 32.3% compared to September. The reduction includes vehicles destined for both domestic and export markets, highlighting challenges in maintaining momentum within this key region.

Increasing North American Sourcing Efforts

For the past two years, Tesla has intensified efforts to increase North American sourcing in order to minimize tariff risk. This strategy echoes the broader shift within the automotive industry to reduce reliance on China amid growing geopolitical risks and supply chain vulnerabilities.

TSLA Stock Performance Snapshot

As of November 14, 2025, Tesla’s stock performance reflects this transitional period. The company reported a modest year-to-date (YTD) return of 0.13%, lagging behind the S&P 500’s 14.49% gain. However, Tesla’s 1-year return of 29.94% outperformed the benchmark, while longer-term returns remain robust with 3-year and 5-year gains of 111.76% and 196.95%, respectively.

At market close, TSLA traded at $404.35, with after-hours prices around $405.42, showing modest intraday gains.

Outlook

Tesla’s restructuring of its supplier ecosystem marks a strategic, long-term defensive move aimed at navigating the evolving geopolitical landscape and regulatory challenges. As the auto industry continues to adapt to shifting trade policies and supply constraints, Tesla’s proactive supply chain realignment positions it to mitigate risks and secure its manufacturing footprint in North America.

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Stay informed on Tesla and other market movers with KnockoutStocks.com — a data-driven platform offering live prices, charts, and KO Scores to help you identify top breakout stocks.
https://coincentral.com/tesla-inc-tsla-stock-tesla-shifts-away-from-china-made-parts-amid-tariff-pressure/

Super Micro (SMCI) Stock Tumbles as Company Misses Earnings

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Super Micro Computer Misses Q1 Estimates But Raises Outlook Amid AI Server Boom

Super Micro Computer (NASDAQ: SMCI) reported disappointing first-quarter results, missing analyst estimates on both earnings and revenue. Shares dropped more than 9% in premarket trading Wednesday following the announcement.

**Quarterly Results Fall Short**
The AI server maker posted earnings of $0.35 per share, falling short of the $0.40 per share expected by analysts. Revenue came in at $5.02 billion—significantly below the projected $6 billion. This miss occurred despite Super Micro issuing preliminary results last month to prepare investors.

Year-over-year, revenue declined 15% from $5.94 billion. Net income plunged by more than half to $168.3 million, or $0.26 per share, compared with $424.3 million in the prior year period.

**Revenue Delay Due to Customer Design Changes**
Super Micro attributed the shortfall to configuration changes requested by a high-volume customer. These design adjustments for GPU racks pushed approximately $1.5 billion in expected first-quarter revenue into the second quarter. CEO Charles Liang explained, “The delays were largely caused by the complexity of these new graphics processing unit racks, which require intricate integration, testing, and validation.”

**Challenges in AI Server Margins**
While Super Micro has benefited from the AI infrastructure boom—bolstered by its partnership with Nvidia and access to the new Blackwell Ultra GPU series—margin concerns remain. J.P. Morgan analysts noted that profit opportunities have lagged behind revenue growth in the AI compute space, with server makers sacrificing margins to secure high-value deals. Susquehanna analysts echoed these concerns, pointing out that deep price discounts to secure GB300 orders and an ongoing pursuit of lower-margin business have strained Super Micro’s financial metrics as competition intensifies.

**Raised Guidance Surprises Wall Street**
Despite the Q1 miss, Super Micro raised its outlook for upcoming periods. The company now expects second-quarter revenue of $10 to $11 billion, above the $7.83 billion analyst consensus. Full-year revenue guidance was also increased to at least $36 billion, up from the previous forecast of $33 billion.

**Stock Performance and Valuation**
Super Micro shares have gained nearly 56% year-to-date. The company currently trades at a price-to-earnings ratio of 16.94, compared to 9.75 for Hewlett Packard Enterprise and 14.11 for Dell Technologies.

**Looking Ahead**
The company’s ability to deliver on its raised guidance will be closely watched, particularly as the competitive and margin pressures in the AI server market remain intense. Super Micro’s partnership with Nvidia and its position at the forefront of next-generation GPU infrastructure leave it well-placed for future growth, but investors are watching to see if profitability can catch up with revenue gains.

*Super Micro Computer issued preliminary earnings about two weeks before this report, warning that quarterly revenue would drop to $5 billion—down from an earlier guidance of $6 to $7 billion. With Q1 numbers now out, attention shifts to execution in the coming quarters and whether Super Micro can balance growth with profitability in a rapidly evolving market.*
https://coincentral.com/super-micro-smci-stock-tumbles-as-company-misses-earnings/

Seres Group Raises $1.8 Billion in Hong Kong IPO, Eyes Global EV Expansion

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**Seres Group’s Hong Kong IPO Raises $1.8 Billion, Fuelling EV Innovation and Global Expansion**

Seres Group recently completed a highly successful Hong Kong listing, raising $1.8 billion by selling 108.6 million shares at HKD 131.50 per share. Priced at a 22% discount to its Shanghai closing price, this IPO marks the eighth deal over $1 billion in Hong Kong this year. Trading is set to commence on November 5 under the ticker “9927.”

The listing establishes Seres as the first luxury new energy vehicle (NEV) maker with dual A+H listings in mainland China and Hong Kong. This strategic move aims to enhance the company’s access to international capital markets and support its robust growth trajectory in the electric vehicle (EV) sector.

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### Partnership with Huawei Drives Intelligent EV Growth

A key driver behind Seres Group’s recent success is its strategic partnership with Huawei. This collaboration has significantly boosted Seres’ capabilities in intelligent electric vehicles, integrating advanced driver assistance systems and other high-tech features into its AITO model lineup.

As a result, Seres projects profit growth of up to 72%, with net profits reaching 10.2 billion yuan by 2025. To date, the company has delivered over 800,000 AITO vehicles, including the M9 model which boasts a remarkable Net Promoter Score (NPS) of 85.2—the highest among NEVs.

Industry analysts highlight that Huawei’s technological expertise stabilizes Seres’ stock performance, supporting a market capitalization approaching $35.8 billion on the Shanghai Stock Exchange. Shares have risen more than 20% year-to-date.

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### Financial Performance and Market Position

In Q3, Seres reported revenue of 110.53 billion RMB alongside a year-over-year net profit increase of 31.56%, reaching 5.31 billion RMB. These impressive figures have propelled Seres to rank 190th among China’s top 500 companies.

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### AITO Models Leading Delivery Growth

The success of Seres’ AITO brand is a significant factor behind its growth. Notable models include:

– **M9**: Sold over 250,000 units in 84 weeks, leading in premium EV segments with exceptional customer loyalty reflected by its NPS of 85.2.
– **M8**: Maintains bestseller status with over 100,000 deliveries in its price bracket.
– **M7**: Achieved 200,000 deliveries in just 36 days.

According to Seres’ delivery data and Landroads Consulting’s 2025 Half-Year Brand Development Confidence Index, AITO ranks first in brand confidence and performance.

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### Key Details of the Hong Kong Listing

– **Funds Raised**: $1.8 billion through an expanded offering exceeding initial targets of $1.5 to $2 billion.
– **Shares Issued**: 108.6 million at HKD 131.50 each, including an over-allotment option.
– **Purpose of Funding**: Support global expansion and product development initiatives.
– **Trading Details**: Commences November 5 under ticker 9927; co-sponsored by China Galaxy Securities and China International Capital Group.

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### Summary of Key Takeaways

– **Successful Fundraising Milestone**: The $1.8 billion IPO at a 22% discount strengthens Seres Group’s financial position for international growth.
– **Impressive Delivery Records**: Over 800,000 AITO units delivered, with the M9 setting new sales benchmarks in the premium EV market.
– **Financial and Market Standing**: Q3 net profit rose 31.56%, elevating Seres to 190th place among China’s largest companies—highlighting potential investment opportunities.

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### Conclusion

Seres Group’s landmark Hong Kong IPO not only boosts its capital for global expansion but also underscores its leadership in luxury new energy vehicles. Backed by a strong partnership with Huawei, impressive delivery figures, and robust financial performance, Seres is well-positioned to drive innovation and growth in the rapidly evolving EV market.

Stay informed on this dynamic company’s developments as it advances its mission to lead the future of intelligent electric mobility.
https://bitcoinethereumnews.com/tech/seres-group-raises-1-8-billion-in-hong-kong-ipo-eyes-global-ev-expansion/?utm_source=rss&utm_medium=rss&utm_campaign=seres-group-raises-1-8-billion-in-hong-kong-ipo-eyes-global-ev-expansion