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Tech Sector Lifts S&P 500 as Arista Networks Soars, Supermicro Stumbles
Tech Sector Lifts S&P 500 as Arista Networks Soars, Supermicro Stumbles
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BTCCSquare news:
The S&P 500 climbed 0.7% on Wednesday, buoyed by tech sector strength following reports of Apple's planned U.S. manufacturing investments. Arista Networks led gains with a 17.5% surge after exceeding quarterly forecasts, while Super Micro Computer plunged post-earnings.
Arista's record-high performance was driven by 30% revenue growth and expanding margins, fueled by AI and cloud demand. The networking equipment Maker raised full-year guidance, contrasting with Supermicro's tariff-related struggles that led to a sharp decline.
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