To The Moon

Super Micro Stock Sinks on Annual Report Filing Delay. The server maker will delay filing its form 10-K for the fiscal year ended June 30.Berkshire Hathaway's Market Cap Passes $1 Trillion. The Stock Is Rising.Warren Buffet's investment company could become the eighth American company to close at a market cap above $1 trillion.Shoppers Are Still Spending at the Mall-but They Are Picky. Abercrombie, Foot Locker, Kohl's, Nordstrom and other mall chains reported mixed quarterly results.Chewy's stock jumps 3% premarket after profit beats by a wide margin. Chewy now has 20 million active customers and net sales per active customer are a record $565.Smucker beats profit estimate but lowers full-year earnings view. J.M. Smucker Co.'s stock was down 5.5% Wednesday after the packaged-food giant reduced its full-year profit outlook, although it topped analyst estimates for its first-quarter profit.GSK shares jump on win in Delaware court over ongoing Zantac battle. Delaware's top court ruled in

Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly.The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.". Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. "Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting," Wednesday's statement read.

Here are Wednesday’s biggest calls on Wall Street:Wells Fargo reiterates Nvidia as overweightWells Fargo said it is bullish on Nvidia’s Blackwell chip following an industry conference. The company als