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A key geospatial intelligence firm on Tuesday announced a new product that can operate drones even in areas where the GPS signal has been jammed – cutting through modern defenses in the age of unmanned vehicular warfare.

The war between Russia and Ukraine presented a unique problem: each military had learned how to jam the other’s GPS signals, meaning their drones would be flying blind. This prompted the latest innovation from Maxar Intelligence, a drone-guiding technology that does not rely on satellite signals from space.

Now, Maxar, a global satellite imagery and geospatial intelligence provider, has the capability to counter GPS-jamming technology through its Raptor system.

‘We’re giving the drones a 3D map, allowing them to use that 3D map of the world to compare it to the video feed and position themselves,’ Peter Wilczynski, chief product officer at Maxar, told Fox News Digital.

The company’s new camera-based recognition software, Raptor, allows drones to navigate and identify ground coordinates in contested regions where Global Positioning System (GPS) signals have been cut or remote areas where they do not exist.

Raptor can be installed to use a drone’s existing camera and Maxar’s 90 million-plus square kilometer of global 3D terrain data to helps the platform navigate terrain and extract ground coordinates.

While other prototypes of terrain-based positioning preceded Raptor, Maxar believes it has the largest global collection of high-resolution terrain. ‘We’re able to get the accuracy down to the best you can without GPS,’ said Wilczynski.

The software builds off a 3D representation of the terrain it glides over, able to provide an accurate picture at night and at altitudes of 120 meters.

‘This is really the seminal thing that the Ukraine war did for battlefield technology,’ Wilczynski said.

Around the world nations have been developing their GPS signal-jamming technologies to fend off autonomous vehicle attacks. Much of Ukraine is GPS-denied, as are large swaths in Europe and the Middle East. Experts believe that one of the first things China would do if it were to invade Taiwan would be to cut off the GPS signal to isolate the island.

Maxar’s data has been key for Ukraine in fending off Russia – when the U.S. cut off intelligence-sharing, President Volodymyr Zelenskyy’s forces lost access to Maxar’s tracking of the movement of Russian troops and ability to assess damage.

‘From a military planning perspective, the assumption going forward is that in any conflict, GPS is not going to be a reliable positioning system anymore,’ Wilczynski said

In the western hemisphere, GPS jamming has been used by drug traffickers to evade detection and other organized criminal operations.

America’s GPS, once considered cutting-edge, is now at risk of becoming outdated as Chinese, Russian and European systems modernize.

The Pentagon, together with Space Force and Army, have in recent years been scrambling in search of alternatives for when GPS signal is unavailable on the battlefield. The issue has become acutely pressing as adversaries like China and Russia develop their anti-satellite capabilities.

The threat is not contained to far-off conflict zones but also everyday life in the U.S.: financial systems, emergency services and air traffic could all face dire emergencies without access to their satellite systems.

Maxar plans to employ its Raptor technology for both commercial and defense purposes as nations across the globe search for a cutting-edge alternative to GPS signal.

This post appeared first on FOX NEWS

Politics

Can Congress defund federal courts with key Trump budget process?

As Republicans look for ways to rein in federal judges issuing countless orders to halt the Trump administration’s action on immigration in particular, a number of potential avenues for doing so are being considered.

However, the use of a key budget process that lowers the Senate’s threshold to 51 votes to defund certain courts could face significant obstacles.

Rep. Chip Roy, R-Texas, House Freedom Caucus policy chair and chair of the House Judiciary Committee’s subcommittee on the Constitution, told Fox News Digital he isn’t ‘for or against’ any specific approach to addressing the countrywide injunctions that are throwing a wrench into President Donald Trump’s priorities.

‘We ought to look at [impeachment], we ought to look at jurisdiction-stripping, we ought to look at every option that needs to be addressed about judges that are actively taking steps to try to undermine the presidency,’ he said.

The Republican added, ‘I think there are pros and cons of those approaches. I think we need to look at … funding scenarios. Now that takes a little time; you’ve got to work through either the appropriations, rescissions or reconciliation process, depending on where it’s appropriate.’

The budget reconciliation process lowers the threshold for Senate passage from 60 votes to 51 out of 100, allowing the party in power to more easily advance its agenda with no opposition party support. However, the provisions must relate to budgetary and other fiscal matters. The House of Representatives already has a simple majority threshold.

The process is being relied on heavily by Republicans, who have a trifecta in Washington, in order to push through Trump agenda items.

In the months since Trump took office, his aggressive pace has been somewhat hampered by federal judges across the country issuing numerous orders to halt immigration, waste-cutting and anti-diversity, equity and inclusion actions.

This has prompted Republicans to call for action against what they consider abusive actions by lower-tier federal judges.

‘I don’t think defunding is a viable option,’ said Andy McCarthy, a former assistant U.S. attorney and a Fox News contributor.

‘The chief justice would be angry that the district courts were understaffed, and Trump wouldn’t get away with later trying to add the positions back so that he could fill them,’ he continued.

Former Deputy Assistant Attorney General John Yoo called potentially defunding the courts that have been causing problems for the administration ‘a terrible idea.’

‘It would make no difference anyway; the cases challenging Trump’s executive orders would still be challenged in the courts that exist,’ he explained.

This was echoed by former Trump attorney Jim Trusty, who said, ‘I don’t think defunding an already overworked judicial system would be right or effective.’

Because of the specific guidelines for what can be included in reconciliation bills, legal experts seem to be in agreement that defunding courts wouldn’t meet the requirements.

One such expert told Fox News Digital that not only does the provision need to have a federal fiscal impact, the policy effect cannot outweigh that impact.

They further noted that the Senate’s parliamentarian would be the one to make a judgment on this.

Trusty said ‘the solution to judicial activism’ is either the appellate courts finding ways to stop the injunctions on appeal or by direct orders, or ‘Congress develops a nimble response and passes legislation to clarify their intent to let the executive branch act without judicial tethers on various issues.’

‘The better option would be to explore ways to limit the jurisdiction of the lower courts or to fast-track appeals when they try to issue nationwide injunctions,’ McCarthy said.

As for potentially impeaching federal judges, which has been floated by Trump himself, Trusty said it ‘should still be viewed as a prosecution substitute for office holders who have committed treason or high crimes and misdemeanors; in other words, serious crimes.’

‘Bad judgment and wrong-headed decisions are not crimes,’ he noted.

Neither Trump’s White House nor Republican leadership in Congress have indicated plans to pursue the issue through the reconciliation process.

Lawmakers have acknowledged the problem, though, and the House is set to take up legislation to address the judges’ actions next week.

This post appeared first on FOX NEWS

Politics

Trump not planning to fire Waltz after national security text chain leak

President Donald Trump is not planning to fire national security advisor Mike Waltz in the wake of The Atlantic’s reporting of an apparent national security breach, Fox News has learned.

A source close to the president told Fox News that Waltz’s job is safe and that he is not on the chopping block.

Fox News is told Waltz has no plans to resign and is sticking to his schedule Tuesday. He will be talking to his Russian counterpart about a Black Sea ceasefire deal and has plans to speak to Trump as usual later Tuesday.

Waltz is also telling colleagues that he has never met or talked to the editor-in-chief of The Atlantic, Jeffrey Goldberg, Fox News has learned.

White House press secretary Karoline Leavitt released a new statement on Tuesday. The National Security Council earlier said The Atlantic’s report referenced what appeared to be an ‘authentic message chain.’

‘Jeffrey Goldberg is well-known for his sensationalist spin,’ Leavitt wrote, before offering three ‘facts about his latest story.’ Leavitt said no ‘war plans’ were discussed, no classified material was sent to the thread and that the White House Counsel’s Office has provided guidance on a number of different platforms for the president’s top officials to communicate ‘as safely and efficiently as possible.’

‘As the National Security Council stated, the White House is looking into how Goldberg’s number was inadvertently added to the thread,’ Leavitt said. ‘Thanks to the strong and decisive leadership of President Trump, and everyone in the group, the Houthi strikes were successful and effective. Terrorists were killed and that’s what matters most to President Trump.’

A senior White House official revealed to Fox News how Goldberg may have been added to the Signal text chain with Cabinet members.

The official said that he had never met and had never spoken to Goldberg. Somehow, Goldberg’s number was added to one of the members of the list, the senior official said, noting that Signal is allowed in multiple agencies.

It appears that Goldberg’s number was added to a contact card by one of the Trump administration staffers, Fox News has learned. The chat had Cabinet officials plus some of those officials’ staffers.

Democrats on the House Armed Services Committee are calling for Waltz’s ouster over the breach.

‘This is an outrageous national security breach and heads should roll. We need a full investigation and hearing into this on the House Armed Services Committee, ASAP,’ Rep. Chris Deluzio, D-Pa., wrote on X.

‘We can’t chalk this up to a simple mistake — people should be fired for this,’ Rep. Sara Jacobs, D-Calif., told Axios.

Defense Secretary Pete Hegseth blasted The Atlantic article, telling reporters on Monday that ‘nobody was texting war plans.’

Hegseth billed Goldberg as a ‘deceitful and highly discredited journalist who’s made a profession of peddling hoaxes time and time again.’

Goldberg appeared on MSNBC on Tuesday morning to discuss the contents of the text chain. The reporter said Vice President JD Vance ‘asserted his disagreement’ with Trump in front of other Cabinet members believed to be on the text chain and ‘articulated a view that the president didn’t understand the consequences or stakes.’

‘I think it’s notable that the vice president of the United States is telling members of the Cabinet that I don’t think the president understands,’ Goldberg said. ‘I just think it’s noteworthy, just my journalistic perspective, that the vice president is, is being so, so blunt about that. But it’s a very it’s a substantive policy disagreement on some levels.’

A person on the chat labeled ‘SM,’ believed to be Trump’s deputy chief of staff Stephen Miller, pushed back in the chat and the conversation seemed to defer to the president’s ultimate judgment.

Goldberg further categorized the chat as ‘obviously very focused on getting Europe to pay for the strikes on the Houthis and a lot of resentment directed at Europe for not having the capacity to defend shipping lanes that are affected by the Houthis.’

Goldberg made the point to MSNBC that lower levels of the armed forces must adhere to cybersecurity and social media rules.

‘And you can go to jail,’ Goldberg said. ‘You can go to Leavenworth for mishandling what we would consider to be minor classified information.’

He also defended The Atlantic, as administration officials have categorized it as a failing publication.

‘We’re a profitable magazine. We have more than 1.2 million paid subscribers. We have tremendous web traffic. And we are completely self-funded at this point. It’s going really great,’ Goldberg said.

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Business

Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

Investors have closely watched Nvidia’s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications.

The event comes at a pivotal time for Nvidia shares. After two years of monster gains, the stock is down 15% over the past month and 22% below the January all-time high.

As part of the event, CEO Jensen Huang took questions from analysts on topics ranging from demand for its advanced Blackwell chips to the impact of Trump administration tariffs. Here’s a breakdown of how Huang responded — and what analysts homed in on — during some of the most important questions:

Huang said he “underrepresented” demand in a slide that showed 3.6 million in estimated Blackwell shipments to the top four cloud service providers this year. While Huang acknowledged speculation regarding shrinking demand, he said the amount of computation needed for AI has “exploded” and that the four biggest cloud service clients remain “fully invested.”

Morgan Stanley analyst Joseph Moore noted that Huang’s commentary on Blackwell demand in data centers was the first-ever such disclosure.

“It was clear that the reason the company made the decision to give that data was to refocus the narrative on the strength of the demand profile, as they continue to field questions related to Open AI related spending shifting from 1 of the 4 to another of the 4, or the pressure of ASICs, which come from these 4 customers,” Moore wrote to clients, referring to application-specific integrated circuits.

Piper Sandler analyst Harsh Kumar said the slide was “only scratching the surface” on demand. Beyond the four largest customers, he said others are also likely “all in line looking to get their hands on as much compute as their budgets allow.”

Another takeaway for Moore was the growth in physical AI, which refers to the use of the technology to power machines’ actions in the real world as opposed to within software.

At previous GTCs, Moore said physical AI “felt a little bit like speculative fiction.” But this year, “we are now hearing developers wrestling with tangible problems in the physical realm.”

Truist analyst William Stein, meanwhile, described physical AI as something that’s “starting to materialize.” The next wave for physical AI centers around robotics, he said, and presents a potential $50 trillion market for Nvidia.

Stein highliughted Jensen’s demonstration of Isaac GR00T N1, a customizable foundation model for humanoid robots.

Several analysts highlighted Huang’s explanation of what tariffs mean for Nvidia’s business.

“Management noted they have been preparing for such scenarios and are beginning to manufacture more onshore,” D.A. Davidson analyst Gil Luria said. “It was mentioned that Nvidia is already utilizing [Taiwan Semiconductor’s’] Arizona fab where it is manufacturing production silicon.”

Bernstein analyst Stacy Rasgon said Huang’s answer made it seem like Nvidia’s push to relocate some manufacturing to the U.S. would limit the effect of higher tariffs.

Rasgon also noted that Huang brushed off concerns of a recession hurting customer spending. Huang argued that companies would first cut spending in the areas of their business that aren’t growing, Rasgon said.

This post appeared first on NBC NEWS

Business

23andMe files for bankruptcy as co-founder Anne Wojcicki resigns as CEO

Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night.

The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive effective immediately, though she will remain a member of the board. Joseph Selsavage, 23andMe’s chief financial and accounting officer, will serve as interim CEO, according to a filing with the U.S. Securities and Exchange Commission.

“We have had many successes but I equally take accountability for the challenges we have today,” Wojcicki wrote in a post on X early Monday morning. “There is no doubt that the challenges faced by 23andMe through an evolving business model have been real, but my belief in the company and its future is unwavering.”

23andMe declined to comment further on the filing.

Anne Wojcicki speaks at the South by Southwest festival in 2023. Jordan Vonderhaar / Bloomberg via Getty Images file

The former billionaire co-founded 23andMe in 2006, and the company rocketed into the mainstream because of its at-home DNA testing kits that gave customers insight into their family histories and genetic profiles. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, which valued the company at around $3.5 billion at the time.

23andMe’s stock has mostly been in free fall in recent years as the company struggled to generate recurring revenue and stand up viable research and therapeutics businesses. As of Monday morning, the company has a market capitalization of around $25 million.

23andMe in Mountain View, Calif.Smith Collection / Getty Images

Last March, 23andMe’s independent directors formed a special committee to evaluate the company’s potential paths forward. Wojcicki submitted multiple proposals to take the company private, but all were rejected. The special committee “unanimously determined to reject” Wojcicki’s most recent proposal earlier this month.

If 23andMe’s plan to sell its assets through a Chapter 11 plan is approved by the court, the company will “actively solicit qualified bids” over a 45-day process. Wojcicki plans to pursue the company as an independent bidder, she said in her post on Monday.

23andMe has between $100 million and $500 million in estimated assets, as well as between $100 million and $500 million in estimated liabilities, according to the bankruptcy filing.

Beyond its financial woes, privacy concerns around 23andMe’s genetic database have swirled in recent years. In October 2023, hackers accessed the information of nearly 7 million customers.

California Attorney General Rob Bonta on Friday issued a consumer alert urging residents to consider deleting their genetic data from 23andMe’s website.

23andMe said there will be no changes to the way that it stores, protects or manages customer data through the sale process, and it will continue operating business as usual.

“As I think about the future, I will continue to tirelessly advocate for customers to have choice and transparency with respect to their personal data, regardless of platform,” Wojcicki said.

This post appeared first on NBC NEWS

Business

Bitcoin is just another tech stock, not a market hedge, study shows

Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard Chartered.

Bitcoin’s correlation with the Nasdaq is currently at about 0.5, after it approached 0.8 earlier this year, according to the bank. Meanwhile, its correlation with gold has been falling since January, touching zero at one point, and is now just above 0.2.

“Bitcoin trading is highly correlated to the Nasdaq over short time horizons,” Geoff Kendrick, Standard Chartered’s global head of digital assets research, said in a note Monday. “This Nasdaq correlation leads to the idea that bitcoin could be included in a basket of large tech stocks; if it were included, the implication would be more institutional buying as BTC would serve multiple purposes in investor portfolios.”

Bitcoin is frequently viewed as “digital gold” and a hedge against risks facing the traditional financial sector. Kendrick said he still sees the flagship cryptocurrency serving that purpose but that “in reality … the need for such hedges is very infrequent.”

Standard Chartered created a hypothetical index dubbed “Mag 7B,” in which it added bitcoin to the Magnificent 7 tech stocks — Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla — and removed Tesla.

“Mag 7B has outperformed Mag 7 by about 5% over the period since December 2017,” he said. “On a calendar year basis, Mag 7B outperformed Mag 7 in five out of seven years, albeit by a very small margin in 2022. Mag 7B’s relative returns are decent on both an absolute basis (averaging around 1% a year above Mag 7) and a calendar-year basis.”

Kendrick said bitcoin has been trading in a similar volatility-adjusted fashion to Nvidia since President Trump’s inauguration. They’re down 16% and 12%, respectively, since Jan. 20. Meanwhile, Tesla, which has lost 36% in the same period, is trading more like ether (down 38% since Jan. 20).

“Investors can view bitcoin as both a hedge against [traditional finance] and as part of their tech allocation,” Kendrick said. “Indeed, as BTC’s role in global investor portfolios becomes established, we think that having more than one use will bring fresh capital inflows to the asset. This is particularly true as bitcoin investment becomes more institutionalized.”

Bitcoin is down about 5% for the year after Trump’s tariff threats in recent weeks have brought new volatility to the market. Investors are expecting relief in the second quarter, however, given bitcoin’s two of its most persistent correlations: its positive correlation with money supply growth, also known as M2, and its negative correlation with the U.S. dollar index, or DXY.

—CNBC’s Michael Bloom contributed reporting.

This post appeared first on NBC NEWS

World

Here’s why the GoPro stock price has crashed

GoPro stock price has crawled back in the past few days as investors buy the dip. After hitting an all-time low of $0.6368 earlier this month, it has risen in the last six consecutive days, and is hovering at its highest point since February 25. It has also jumped by over 30% from its lowest point this year. So, is it safe to buy GPRO for long-term gains?

Why GoPro stock price has crashed from ATH

While GoPro share price has risen in the past few days, it remains down by almost 100% from its all-time high. Its market cap has plunged from over $3 billion at its peak to about $155 million today.

GoPro’s stock has plunged as the company has continued to suffer over the years. Its annual sales have dropped from $1.16 billion in 2021 to $801 million last year, and analysts anticipate that the slowdown will continue.

GoPro’s main issue is that it remains to be a one-product company. While its action cameras are highly popular, its attempt to expand its business to other areas failed. The most notable one was the Karma, a drone that it wanted to complement its action cameras.

Karma failed because of the soaring competition in the drone industry. Most of this competition came from DJI, a Chinese company that dominates the industry today. GoPro also cited having margin pressures when it discontinued the service.

The company now offers the Hero action camera, which it regularly updates. These upgrades are mostly on features like video stabilization, durability, resolution, and power.

While these updates are notable, most people don’t see the need to buy a new action camera unless when it is necessary. This explains why the company is now shipping fewer cameras than it did in the past.

At the same time, GoPro’s business model means that it is highly difficult to grow its subscriptions.

GPRO growth is decelerating

The most recent data shows that the company’s performance continued to decelerate. It shipped 581,000 camera units during the quarter, down from 923,000 in the same period a year earlier. This slowdown will likely continue because of the reasons described above.

GoPro’s revenue dropped to $200 million in the fourth quarter from $295 million a year earlier. Its quarterly loss was $14.4 million a big reversal after the company made a $4.2 million profit in Q4’23. This loss was notable because the company reduced its staff from 930 in Q4’23 to 696.

GoPro’s subscription business has stalled, with the subscription and service revenue coming in at $27.2 million, down from $27.5 million in the same period a year earlier.

Wall Street analysts anticipate that GoPro’s business will continue slowing in the coming years. The average estimate is that its first-quarter sales will be $124 million, down by 20% from a year earlier. For the year, the expectation is that the revenue will drop by about 8% to $738 million.

GoPro stock price analysis

GPRO stock chart by TradingView

The weekly chart shows that the GPRO share price has crashed in the past few years. It dropped from a high of $13.50 in 2021 to below $1. The stock has remained below all moving averages, a sign that bears are in control.

Therefore, the stock will likely continue falling in the coming months as its growth momentum eases. If this happens, the next point to watch will be at $0.50. On the positive side, however, there are signs that it may go through a short squeeze since it has formed a falling wedge pattern. If this happens, the GoPro stock price will soar to the 50-day moving average at $1.45.

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World

Top crypto price predictions: Fartcoin, Ethena, Pi Network

Crypto prices held steady on Monday morning as investors cheered the new reporting on Donald Trump’s tariffs. The reciprocal tariffs expected on April 2 will not include industrial sectors like automobile and microchips. As a result, Bitcoin jumped above $86,000, while Ethereum moved above $2,000.

US equities also bounced back, with futures tied to the Dow Jones rising by 230 points, and the Nasdaq 100 rising by 150 points. This article looks at some of the top tokens like Fartcoin (FARTCOIN), Ethena (ENA), and Pi Network (PI).

Fartcoin price prediction

Fartcoin token price chart | Source: TradingView

Fartcoin, a top Solana meme coin, has done well in the past few weeks. It bottomed at $0.2140 this month, and has slowly started forming a rounded bottom pattern, a popular bullish continuation sign.

The eight-hour chart shows that the upper side of this rounded bottom is at $0.7153, its highest swing on February 11. It has also moved above the 50-period moving average, a sign that bulls are gaining momentum.

The Relative Strength Index (RSI) and the MACD indicators have all pointed upwards, a sign that its surge is accelerating. Fartcoin has retested the crucial resistance point at $0.5750, the lowest swing on December 21 last year.

It is now approaching the 23.6% Fibonacci Retracement point at $0.80. Therefore, the Fartcoin token price will likely keep rising as bulls target the key resistance level at $0.7153, its highest swing on February 11. A move above that level will point to more surge to the 50% retracement at $1.4745, up by 160% from the current level. A drop below the support at $0.40 will invalidate the bullish outlook.

Ethena price forecast

ENA price chart | Source: TradingView

Ethena has become a popular and large cryptocurrency, helped by its stablecoin known as the USDe and the fact that the World Liberty Financial has invested in it. Its USDe stablecoin has attracted over $5.3 billion in assets, making it the 26th biggest coin in the world.

The USDe stablecoin has become popular because of its high yield, which stands at about 4%. It has almost 600k users. Ethena has also thrived because of its USDtb stablecoin, which has attracted over $1.18 billion in assets.

However, ENA has not done well in the past few months as its price crashed from a high of $1.3265 on December 16 to a low of $0.3378. This crash is mostly because of the ongoing crypto sell-off and the fear that its stablecoins may crash like Terra.

There are signs that ENA price has bottomed at $0.3378, while the MACD and the Relative Strength Index (RSI) has formed a bullish divergence pattern. Therefore, the token will likely keep rising as bulls target the key resistance at $1, which is about 160% from the current level.

Pi Network price analysis

Pi Network price chart | Source: TradingView

The two-hour chart shows that the Pi Network token peaked at $3, and has now crashed below the key support at $1. It has dropped below all moving averages, a sign that bears are in control for now.

On the positive side, the Pi coin price has formed a falling wedge pattern. The upper side of the wedge connects the highest swings since February 28. On the other hand, the lower side of the line connects the lowest points since March 2. The two lines are now nearing their confluence level.

Therefore, there is a possibility that the Pi coin price will soon stage a strong comeback, potentially to $1.80, up by 86% from the current level. This price is its highest swing on March 18.

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World

SMCI stock forms megaphone pattern: what next Supermicro?

Super Micro Computer stock price remains in a bear market this year as concerns about the AI industry remains. SMCI was trading at $42 on Friday, down by about 37% from its highest point this year and 65% from its highest point in 2024. So, what next for the Supermicro share price this year after forming a megaphone pattern?

Supermicro growth is continuing

Super Micro Computer, a popular technology company, is doing well as demand for artificial intelligence (AI) servers remain.

Its top products include the likes of rackmount, blade, and tower servers that are built for AI, high-performance computing, and cloud services. These servers are usually optimized for chips made by company like AMD and NVIDIA.

Supermicro is also a big player in industries like storage systems, workstations, and server management solutions.

The soaring demand for AI solutions has pushed its revenue substantially in the past few years. Its annual revenue rose from over $3.3 billion in 2020 to $15 billion last year. This growth is expected to continue growing as many large companies are expected to spend billions of dollars in the next few years.

The challenge, however, is coming from China where companies are building advanced AI models using local solutions. A good example of this is DeepSeek, whose technology has disrupted the AI industry. Ant Financial, a company owned by Alibaba also launched new AI models this week.

The most recent preliminary quarterly results show that Super Micro Computer’s business continued growing in the fourth quarter. These results showed that its net sales for the second fiscal quarter will be between $5.6 billion and $5.7 billion, representing a 54% annual growth rate.

Super Micro Computer anticipates that the gross margin will be 11.9%, while its EPS will be about $0.60. In a note, Charles Liang, the founder, said:

“With our leading direct-liquid cooling (DLC) technology and over 30% of new data centers expected to adopt it in the next 12 months, Supermicro is well positioned to grow AI infrastructure designs wins based on NVIDIA Blackwell and more.”

JPMorgan analysts upgrade SMCI

The most recent catalyst for the SMCI stock price was an upgrade from analysts at JPMorgan, who lifted its target from $35 to $45. The analyst cited the company’s recent filing of its annual report, which helped to prevent a delisting. This filing also reduced the uncertainty that was surrounding its operations.

JPMorgan anticipates that Supermicro’s annual revenue will be $39 billion, a big increase from the previous $34 billion. It attributed this growth forecast to the ramp-up of NVIDIA’s Blackwell chips.

JPMorgan’s 2026 revenue forecast is higher than what other analysts anticipate. The average 2026 revenue guidance among Wall Street analysts is $33.60 billion, with its earnings per share expected to be $3.8, higher than the $2.6 it made a year earlier.

The main risk that the Super Micro Computer stock price faces is the potential AI bubble burst, which will affect most companies in the industry.

Super Micro Computer stock price analysis

SMCI stock price chart | Source: TradingView

The daily chart shows that the SMCI share price has been in a slow upward trend in the past few months. It has soared from the December low of $16.45 in December to the current $42.

The stock has remained above the ascending trendline that connects the lowest swing since November. It has moved to the 23.6% Fibonacci Retracement point.

Supermicro stock price has also formed a broadening wedge pattern, a popular bullish sign. This pattern is also known as a broadening wedge, is one of the most bullish signs in the market. Therefore, the stock will likely continue rising as bulls target the next key support point at $70, the 50% retracement point, up by 65% from the current level.

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World

What’s going on with the stalling Boohoo share price?

Boohoo share price has remained in a tight range in the past few years. It has remained inside a narrow range of between the support at 26.26p and the resistance at 59.70p. It has crashed by over 93% from its highest level during the pandemic. So, will the Boohoo stock price rebound this year?

Why the Boohoo share price has crashed

Boohoo, the popular fast fashion brand in the UK, has come under pressure in the past few years. Its stock has collapsed, erasing billions of dollars in value, while its losses have mounted over time.

Boohoo has faced major challenges, with the most notable one being the rising competition from the likes of Shein and Temu.

There are also signs that UK consumers are not shopping on Boohoo as they did in the past. A good example of this is the fact that other popular fast fashion brands like Zara and H&M have continued doing well despite this competition.

Another concern is that there are concerns about the substantial customer returns. Its six-month GMV pre-returns was £1.17 billion and £808 million post-returns.

The most recent half-year results showed that Boohoo’s business remained under pressure in the first half of the financial year. Its General Merchandise Volume (GMV) dropped by 6%, while its revenue dropped by 15%.

More data showed that Boohoo’s margins have continued to narrow for a while. The gross margin moved to 50.7% from the previous 53.4% even as the company slashed its operating costs.

Boohoo share price has also crashed because of its US business, which the management hoped would play a pivotal role. The company has now decided to scale back its US ambitions by closing its distribution centers. It hopes that closing those operations will help it grow its profitability.

Exiting the US distribution center was a big deal as the company was forced to have a big write off of about £108.7 million.

Boohoo’s guidance was that its GMV would be higher for the full year. It expects its youth brands to continue their substantial headwinds. Most importantly, the company hopes that its actions, including cost cuts, will help it become a more profitable company.

Is it safe to buy the BOO stock dip?

Boohoo is a well-known brand, but is going through major challenges that are hard to deal with. The most important issue is that there are signs that it is seeing weaker demand from UK customers.

A good example of this is that the number of visitors to the website has continued slowing in the past few months. SimilarWeb data shows that the number of website traffic crashed by almost 20% in February to 29 million.

Its UK traffic dropped by 17%, while the US traffic plunged by 25%. Traffic in other key countries like France, Netherlands, and Australia.

Boohoo share price forecast

BOO chart by TradingView

The weekly chart shows that the BOO stock price has remained in a tight range since 2022. It has remained between the key support at 26.26p and the resistance at 59.70p. All previous attempts to rebound have faced substantial resistance.

On the positive side, this consolidation could be a sign that it is in the accumulation phase of the Wyckoff Theory. One of the investors who has accumulated the stock in this phase is Mike Ashley, the founder of Frasers. This phase is usually followed by the markup, which is characterized by higher demand.

Therefore, there is a likelihood that the stock will surge, and possibly retest the resistance at 59.70p. The challenge is that this breakout may take a longer time to happen. A break below the support at 26.26p will invalidate the bullish view.

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