Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, February 12th. I'm Julie Morgan.

Super Micro rises pre-market and is on our biggest movers list.

Amazon launches its first Italian retail store, and Netflix bytes pops up in Las Vegas.

Super Microcomputer is up 6.5% pre-market after the artificial intelligence server company

reported preliminary second quarter results and guidance for the coming period and offered an update

into its ongoing financial investigation. For the period ending December 31st, SMCI earned

between 58 and 60 cents per share on an adjusted basis as revenue rose 54% year over year,

to be between 5.6 and 5.7 billion. The company had previously

expected adjusted earnings to fall within a range of 56 cents to 65 cents per share. Looking to the

next period, Super Micro expects to earn between 46 cents and 62 cents per share on an adjusted basis.

Revenue is expected to fall within a range of $5 to $6 billion.

In addition, Super Micro said it hopes to have its 2024 annual report filed by February 25th,

along with its quarterly reports for the September 24 and December

2024 periods. The company had not filed the quarterly reports amid accusations of improper

accounting that led to an internal review. Supermicro also said it is cooperating with the Department

of Justice and the SEC on document requests

related to the matter. Seeking Alpha analyst Jeremy of Comquot research said the governance

issues appears to be having an impact on operating results. They said the launch of

NVIDIA's Blackwell should have provided the company with an opportunity for higher gross margins,

but it appears this has not materialized as ramping up production might have been hampered by the recent

issues. Amazon is trying out a new brick and mortar store, this time for health and beauty

...