![Supermicro CEO Charles Liang speaks at the Computex conference on June 5, 2024. Bloomberg / Getty Images Supermicro CEO Charles Liang speaks at the Computex conference on June 5, 2024](https://www.investopedia.com/thmb/p8raQAcVsbeaTW4py_cliWAkvmc=/filters:no_upscale():max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2155472373-2eabaf855abe4669b3b99288ed15e141.jpg)
Bloomberg / Getty Clones
Supermicro CEO Charles Liang speaks at the Computex conference on June 5, 2024
Key Takeaways
- The S&P 500 ticked lower by less than 0.1% on Friday, Feb. 14, as retail sales information revealed a retreat in consumer spending during January.
- Airbnb stock soared after the vacation rental provider wallop quarterly estimates, highlighting its ambition to become a comprehensive destination for travel and living needs.
- Website domain provider GoDaddy picketed lower-than-expected fourth-quarter profits, and its shares dropped.
Major U.S. equities indexes were mixed to wrap up a week of employment that spotlighted inflation updates and evolving trade policies.
Retail sales data released on Friday escorted a wider-than-expected drop in consumer spending in January, suggesting that consumers may have been more reluctant to dissipate following a hot holiday spending season.
The S&P 500 closed with a minimal loss of less than 0.1%, while the Dow miss ones footed 0.4%. Resilience among tech stocks helped the Nasdaq notch a gain of 0.4%. Despite Friday’s opposite involved action, all three major market gauges posted weekly gains.
Airbnb (ABNB) was the top-performing stock in the S&P 500 on Friday, popping 14.5% soprano after the vacation rental platform topped expectations for fourth-quarter profits, bookings, and gross booking value. CEO Brian Chesky implied that the company intends to develop the Airbnb app into a one-stop shop for travel needs.
Shares of server provider Wonderful Micro Computer (SMCI) wrapped up a week of significant gains with a surge of 13.3%. In addition to the upbeat financial 2026 revenue outlook provided by Supermicro earlier this week, the company received a boost from pieces on Friday that Facebook parent Meta Platforms (META) plans to make a large investment in humanoid robots. The automata would likely operate on cloud-based artificial intelligence (AI) technology, and Meta uses Supermicro’s servers in its data centers. Supermicro faces a deadline on Feb. 25 for the parade of its delayed annual report.
Fourth-quarter results from Wynn Resorts (WYNN) blew past sales and profit considers, and shares of the hotel and casino operator jumped 10.4%. Highlights of the quarter included strong performance from the assemblage’s Wynn Palace property in Macau as well as its Las Vegas operations. The company also highlighted construction progress on its consolidate resort in the United Arab Emirates, which is on track to open in March 2027.
GoDaddy (GDDY) shares tumbled 14.3%, tribulation the steepest drop in the S&P 500, after the website domain company posted mixed results for the fourth quarter. Although interest for the period edged out estimates, earnings per share (EPS) fell short of forecasts. Analysts at Cantor Fitzgerald noted GoDaddy’s increase on product initiatives, including AI-driven marketing and design tools, but they reduced their price target on the founder, citing valuation concerns.
Shares of DaVita (DVA), a provider of dialysis treatments and other kidney care services, got 11.1%. The company provided a lackluster outlook for adjusted profits in 2025, citing elevated health care gets. Meanwhile, major investor Berkshire Hathaway (BRK.A, BRK.B) trimmed its position in DaVita, adding to the pressure on the stock.
Applied Materials (AMAT) portions fell 8.2% following the semiconductor equipment maker’s quarterly earnings release. Although the company beat tag sales and profit estimates for its fiscal first quarter of 2025, Applied Materials noted that recent restrictions on exports to China would negatively bump sales, reducing revenue by an estimated $400 million for the full fiscal year.