Supermicro Earnings: Sales Nearly Quadruple to $19.9 Billion, but Margins Thin
Supermicro earnings: fiscal Q1 sales hit $19.9 billion, up 298%, and the 2027 outlook rose to $72-82 billion, but gross margin fell to 12.7%. Data inside.
Markets
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
CVS Health Split: Drugstores to Become Their Own Company as Aetna Profit Nearly Triples
CVS Health split: CVS will spin off its 9,000 drugstores as CVS Pharmacy by 2028 as Q3 revenue hits $108.4 billion and it raises 2026 guidance. Data inside.
Geopolitics & Business Report: $170 Jet Fuel Could Lift Europe’s Airfares 20%, Nov. 2, 2026
Geopolitics and business report, Nov. 2, 2026: Ryanair warns of 20% fare hikes, Gulf money backs Apollo and OpenAI, and Binance bleeds $3.64B after a hack.
Business Report: Oil Plunges 7% on Iran Talk Hopes as Tech Stocks Slide, Nov. 2, 2026
Business report November 2, 2026: oil plunges 7% on U.S.-Iran talk hopes, tech stocks slide, and Apple, Palantir and Anthropic post big quarterly numbers.
Anthropic Revenue Soars 12-Fold to $17 Billion as Rush for Compute Erases Its Operating Profit
Anthropic IPO filing update: Q3 revenue hit $16.96 billion, about 12 times a year earlier, but compute costs pushed the Claude maker to a $567M operating loss.
Geopolitics & Business Report: Gulf Braces for Renewed Iran War, Nov. 1, 2026
Geopolitics and business report, Nov. 1, 2026: the Gulf braces for renewed Iran war, Brent nears $118, OPEC+ holds output and lobbyists chase critical minerals.
Business Report: Meta’s AI Ads Outpace Google as Banks Block AI Agents, Nov. 1, 2026
Business report November 1, 2026: Meta’s AI-driven ad sales outpace Google Search, banks and retailers block AI agents, and tariffs squeeze a Maine factory.
S&P Turns Negative on Meta as Big Tech’s AI Spending Nears $828 Billion
Meta credit outlook turns negative: S&P keeps Meta at AA- but sees $39B and $71B cash gaps in 2026 and 2027 as Big Tech’s AI capex nears $828 billion.
Kalshi Raises $1 Billion at $40 Billion Valuation, Nearly Doubling in Five Months
The Kalshi valuation hit $40 billion after a $1 billion Series G co-led by Wellington and Sequoia. Investors, valuation history, volume and expansion plans.
Reddit Stock Plunges 29% in Worst Day Since IPO as Google AI Search Cuts Traffic
Reddit stock fell 29% on Oct. 30, its worst day since the 2024 IPO, after weak Q4 guidance, a drop in U.S. users and a warning that Google AI cuts its traffic.