Good afternoon and welcome to Markets Desk.
Super Micro Computer is grabbing attention after booking more than sixty billion dollars in new AI server orders in a single quarter, yet the stock trades at just thirty dollars. The company is also guiding for gross margins between fifteen and seventeen percent, suggesting the profitability picture is finally catching up to the demand story.
Shifting to consumer markets, e.l.f. Beauty is seeing a meaningful acceleration driven by its Rhode acquisition. The brand is pulling younger consumers into the e.l.f. ecosystem at a pace that's turning heads on the street, and analysts are now asking whether the growth runway justifies a fresh look at the valuation.
And in the bond market, a critical reminder for rate-sensitive investors: history shows that Fed rate cuts do not automatically translate into rising bond ETF prices. The actual data is more nuanced, with timing, duration exposure, and credit quality all playing decisive roles in how a fund responds when the central bank moves.
That's the tape. Markets Desk, signing off the floor.
