00:00 Speaker A

Now time for some of today’s trending tickers. We’re watching Super Micro, Visa, and Snap. First up, Super Micro issuing weak preliminary results for its fiscal third quarter. The server maker says some customers delayed their purchasing, moving sales into the current fourth quarter. The results fueling worries of a pullback in AI investments in the company is going to hold a conference call to discuss the results on May 6th. Shares right now plunging down 20%.

00:36 Speaker B

Yeah, I mean, if an AI darling that runs the server projects that uh AI projects need is is experiencing a demand problem, of course, that presents a potential problem for the other AI names in the space. And we are seeing some of that weakness coming in with the tech heavy Nasdaq getting down today. All right. Well, next up, Visa topping second quarter earnings expectations, boosted by resilient consumer spending. The payment processor left its 2025 financial outlook unchanged. The company also authorized a new $30 billion stock buyback program over several years. Shares though down nearly 2%, the profit falling potentially one of the sticking points of this report.

01:26 Speaker A

Yeah, a few figures that I’m going to run through here just briefly as the company’s CEO was talking about some of the strong 9% fiscal quarter second quarter net revenue growth driven by healthy trends and payments. And then additionally, the cross-border volume here and processed transactions, they also mentioned within this that consumer spending from their lens remained resilient even with macroeconomic uncertainty. And just to briefly put a number on this, that $9.6 billion net revenue fiscal second quarter figure, that was an increase of 9%. They say that’s driven year over year by that payments volume growth. And then additionally here, taking a look at some of the cross-border volume excluding transactions in Europe, that ultimately increased by about 8% uh in the year over year constant basis, uh and then or excuse me, 13% on a constant dollar basis for the cross-border volume there. And then just lastly here, we do want to take a look at Snap, the brand of ghostface Sheila reporting better than expected first quarter revenue, but with holding guidance for the second quarter sighting some macroeconomic uncertainty that could hit advertising demand. Still, the social media company reported 460 million daily active users during the first quarter. That’s up from the 453 million in the previous quarter here. Shares are actually down right now by about 15%. And for anyone listening into the earnings call, I kind of zeroed in on one thing that might need a little bit of clarification because it’s a major growth element for this business, and they talk about it as doctor uh revenue on the company and doctor advertising. They’re really just talking about direct response advertising. This is something that they have really invested heavily into those solutions over the past several years. New formats, like dynamic ads, new technology like shoppable augmented reality, uh so AR lenses, uh and driving some of that meaningful ROI. So just wanted to clarify that for anybody listening in and being like, man, I didn’t know there was so much healthcare advertising on Snapchat. It’s not that, it’s direct response.

04:12 Speaker B

It’s a really good point, and we’re going to continue to talk about that later on. We’ve got an analyst on the stock, but you can scan your QR code below to track the best and worst performing stocks with Yahoo’s trending tickers page.