Market-Moving News for March 20th

Super Micro Computer, Inc. (SMCI) experienced a 27% decline in its stock price following charges from the Department of Justice regarding alleged illegal AI exports to China, resulting in a 12% drop in after-hours trading. In contrast, FedEx (FDX) shares rose by 10% after reporting better-than-expected Q3 financial results and raising its FY26 adjusted EPS guidance above estimates. Additionally, Planet Labs (PL) saw a 25% increase in its stock price after exceeding Q4 sales expectations and providing optimistic guidance for Q1 and FY27.