Latest news with #SanJose-based
Associated Press
2 days ago
- Business
- Associated Press
La Fenice Pizza: How Two Founders Turned a Pandemic Idea Into a Pizza Powerhouse
Originally published on GoDaddy Resource Library By Mark McCaffrey, Chief Financial Officer for GoDaddy At GoDaddy, few things inspire us more than learning directly from the entrepreneurs we are here to support. I had the chance to meet with Leo Lopez and Lamont Chapell, the San Jose-based founders and owners of the mobile catering company, La Fenice Pizza. Leo and Lamont brought one of their mobile pizza ovens to our Santa Clara, California office and served up fresh, wood-fired pies to GoDaddy employees while they shared the story behind their business. The story of La Fenice Pizza began during the pandemic — Leo and Lamont were working at a pizzeria when they realized, 'We could do this ourselves.' So, they invested in a professional oven — a big purchase that marked the point of no return — and started hosting pop-up events at wineries and breweries in the Bay Area. Named after the Italian theater La Fenice, a symbol of resilience, La Fenice Pizza embodies perseverance and creativity. Their journey did not begin with an overnight success — Leo shared how they sold only two pizzas at their first pop-up event. Trusting in themselves to build something meaningful was the scariest and most exciting part of the process. Fast forward five years, La Fenice Pizza has grown into a thriving business specializing in private event catering. Every year brought new growth, loyal staff members and strong community ties (where they are known locally as 'the pizza guys'). Between bites of pizza, we talked about the realities of running a mobile business and the tools that keep them moving. One such tool included GoDaddy Conversations, which makes it easy for them to keep up with customer messages from various channels while they are on the go. For Leo and Lamont, entrepreneurship has meant more than just business success — it's about ownership, freedom and making their families proud. They are excited to expand the business and have a goal to open a brick-and-mortar location this year, adding a physical home base to complement their mobile operation. I love meeting customers like Leo and Lamont. Conversations like these give us such valuable insight into life as an entrepreneur — the courage to get started, the determination to keep going, and, importantly, the ways we can support with tools and guidance at every stage. These two entrepreneurs embody the grit and drive we so often recognize in the small business owners we are proud to support. We can't wait to follow what's next for La Fenice Pizza. To every entrepreneur chasing their dream: keep trusting yourself, building and know that every great leap starts with a little faith (and maybe even some delicious wood-fired pizza). Cheers, Mark Visit 3BL Media to see more multimedia and stories from GoDaddy
Yahoo
3 days ago
- Business
- Yahoo
Why Credo Technology Stock Exploded Higher Today
Credo Technology nearly tripled its sales last quarter, crushing earnings forecasts. Sales are growing, and costs are growing slower, yielding improved profit margins. 10 stocks we like better than Credo Technology Group › Shares of San Jose-based high-speed connectivity solutions provider Credo Technology Group (NASDAQ: CRDO) stock jumped 24.5% through 10:10 a.m. ET this morning after beating analyst forecasts last night. Heading into its fiscal fourth quarter of 2025, analysts forecast Credo would earn only $0.27 per share on less than $160 million in sales. In fact, Credo reported last night, it earned $0.35 per share, adjusted for one-time items, and sales were $170 million, for the period ended May 3. Not all the news is good. Sales surged nearly 180% year over year, which is great. Earnings as calculated according to generally accepted accounting principles (GAAP) were up only 25%, however, despite the impressive "adjusted" earnings beat. Actual GAAP profits for the quarter were only $0.20 -- not $0.35. Still, CEO Bill Brennan said he was "proud" of the company's achievements in 2025. For the full year, sales grew 126%, while cost of revenue grew only 109%, improving the company's gross profit margin. And operating costs grew only 57%, improving the company's operating profit margin even more. For both the quarter and the year, Credo flipped from operating and net losses to operating and net profits. GAAP profit for the year was $0.29 per share. So no wonder investors are pleased. And it didn't hurt that Credo guided investors to expect further sales growth (about $190 million, triple last year's Q1 sales) and a further improved gross margin (about 64.5%) in fiscal Q1 2026, currently underway. At a valuation of more than 260 times trailing earnings, Credo stock is anything but a cheap stock. But if it keeps growing sales at its current pace, and expanding profit margins besides, this stock could still be a good growth stock -- and a buy. Before you buy stock in Credo Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Credo Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Credo Technology Stock Exploded Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
This little-known AI darling is climbing the Fortune 500 faster than any other company
In a year when the tech sector grappled with mass layoffs, volatile chip demand, and the frenzied race to scale AI infrastructure, one company surged ahead as the Fortune 500's biggest climber: Super Micro Computer. The San Jose-based IT hardware manufacturer posted explosive growth, jumping 206 spots to land at No. 292 more than any other company on this year's list. Super Micro more than doubled its revenue to $14.99 billion, a 110% year-over-year increase, and led its industry in one-year profit growth, earning $1.15 billion. The company's rise is largely due to its strategic position at the intersection of AI, cloud computing, and data center infrastructure, three of the fastest-growing areas in technology today. At the center of its strategy is cofounder and CEO Charles Liang, who has emphasized vertical integration, with the company designing, testing, and assembling its products in-house. Liang says the company is laser-focused on innovation, including early-to-market compatibility with Nvidia chips and customizable server hardware built to handle diverse, high-performance workloads. That approach has positioned Super Micro to take advantage of soaring demand for AI-ready infrastructure. Super Micro has shipped more than 1.3 million server and storage nodes, which provide processing power and manage data for machines, and its systems now power many of the world's data centers. Through close partnerships with Nvidia and Intel, Super Micro has become a preferred vendor for companies building AI-optimized environments. Recently, it was selected by Elon Musk's xAI team to support the development of a 750,000-square-foot data center in Memphis, a major signal of the company's growing influence. Liang has spoken publicly about Super Micro's close alignment with Nvidia's product roadmap, which allows the company to quickly integrate new technologies. 'Whatever Nvidia develops, we pretty much sync up with them,' he told CRN in 2024. 'And that's another reason why, whenever they have a new product out, we have a new product available quicker than our competitors do.' As demand for AI accelerates, Super Micro plans to expand its server production capacity in the United States. The company is also investing in green computing, branding its systems as energy-efficient alternatives in a sector under increasing scrutiny for environmental impact. Investors have taken notice. Super Micro's market capitalization is approaching $24 billion, reflecting increased confidence in its trajectory. However, the company's rise has not come without controversy. In 2018, Nasdaq delisted the company for failing to file its financial reports on time. It was re-listed in 2020 following a settlement with the SEC. In August 2024, the company faced renewed scrutiny after Hindenburg Research published a report alleging questionable accounting practices and undisclosed third-party transactions. Soon after, the company missed multiple regulatory filing deadlines, and audit firm EY resigned. Super Micro and Liang are now facing multiple lawsuits and active investigations by both the SEC and the Department of Justice. The company has said it is cooperating with authorities. The company said that by February it had brought its financial reporting up to date, passed a new independent audit, and implemented leadership changes. It has hired a new general counsel and is actively searching for a new chief financial officer. Despite reporting third-quarter revenue below expectations in early May, Super Micro reiterated its growing confidence in meeting full-year growth targets, with Liang assuring investors that demand for AI infrastructure remains strong.'We are investing in people, processes, and systems to scale our foundation, advancing our leadership in liquid cooling technology, and delivering Data Center Building Block Solutions to achieve and surpass our revenue targets,' a company spokesperson told Fortune in an emailed statement. This story was originally featured on
Yahoo
4 days ago
- Business
- Yahoo
This little-known AI darling is climbing the Fortune 500 faster than any other company
In a year when the tech sector grappled with mass layoffs, volatile chip demand, and the frenzied race to scale AI infrastructure, one company surged ahead as the Fortune 500's biggest climber: Super Micro Computer. The San Jose-based IT hardware manufacturer posted explosive growth, jumping 206 spots to land at No. 292 more than any other company on this year's list. Super Micro more than doubled its revenue to $14.99 billion, a 110% year-over-year increase, and led its industry in one-year profit growth, earning $1.15 billion. The company's rise is largely due to its strategic position at the intersection of AI, cloud computing, and data center infrastructure, three of the fastest-growing areas in technology today. At the center of its strategy is cofounder and CEO Charles Liang, who has emphasized vertical integration, with the company designing, testing, and assembling its products in-house. Liang says the company is laser-focused on innovation, including early-to-market compatibility with Nvidia chips and customizable server hardware built to handle diverse, high-performance workloads. That approach has positioned Super Micro to take advantage of soaring demand for AI-ready infrastructure. Super Micro has shipped more than 1.3 million server and storage nodes, which provide processing power and manage data for machines, and its systems now power many of the world's data centers. Through close partnerships with Nvidia and Intel, Super Micro has become a preferred vendor for companies building AI-optimized environments. Recently, it was selected by Elon Musk's xAI team to support the development of a 750,000-square-foot data center in Memphis, a major signal of the company's growing influence. Liang has spoken publicly about Super Micro's close alignment with Nvidia's product roadmap, which allows the company to quickly integrate new technologies. 'Whatever Nvidia develops, we pretty much sync up with them,' he told CRN in 2024. 'And that's another reason why, whenever they have a new product out, we have a new product available quicker than our competitors do.' As demand for AI accelerates, Super Micro plans to expand its server production capacity in the United States. The company is also investing in green computing, branding its systems as energy-efficient alternatives in a sector under increasing scrutiny for environmental impact. Investors have taken notice. Super Micro's market capitalization is approaching $24 billion, reflecting increased confidence in its trajectory. However, the company's rise has not come without controversy. In 2018, Nasdaq delisted the company for failing to file its financial reports on time. It was re-listed in 2020 following a settlement with the SEC. In August 2024, the company faced renewed scrutiny after Hindenburg Research published a report alleging questionable accounting practices and undisclosed third-party transactions. Soon after, the company missed multiple regulatory filing deadlines, and audit firm EY resigned. Super Micro and Liang are now facing multiple lawsuits and active investigations by both the SEC and the Department of Justice. The company has said it is cooperating with authorities. The company said that by February it had brought its financial reporting up to date, passed a new independent audit, and implemented leadership changes. It has hired a new general counsel and is actively searching for a new chief financial officer. Despite reporting third-quarter revenue below expectations in early May, Super Micro reiterated its growing confidence in meeting full-year growth targets, with Liang assuring investors that demand for AI infrastructure remains strong.'We are investing in people, processes, and systems to scale our foundation, advancing our leadership in liquid cooling technology, and delivering Data Center Building Block Solutions to achieve and surpass our revenue targets,' a company spokesperson told Fortune in an emailed statement. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Team USA's official air taxi at LA Olympics provided by Bay Area aviation company
SAN JOSE, Calif. - Archer Aviation will be the official Team USA air taxi at the 2028 Olympics in Los Angeles. What we know The San Jose-based aircraft and the LA28 organizing committee announced their agreement on Thursday to a partner for the summer games. Electric vertical takeoff and landing air taxis will provide transportation services for athletes, fans and other VIPs between venues and other key locations at the sporting event. Some of the venues within Archer's network will include: Inglewood Stadium, Los Angeles Memorial Coliseum, Los Angeles International Airport as well as locations in Hollywood, Orange County and Santa Monica. The company's founder and CEO said they'll showcase what aviation will look like in the future. "We have a built-in aircraft that takes off and lands vertically like a helicopter, but flies forward on a wing like an airplane," said Adam Goldstein, Archer Aviation founder and CEO. "The goal is to move people off the ground from trips that take 60 to 90 minutes in a car and into the air where you can fly in 5 minutes or 10 minutes." As many as 15 million visitors are expected throughout the course of the event, officials said. The company's midnight eVTOL aircraft is made at manufacturing facilities in San Jose and in Covington, Georgia. The partnership will also include the Paralympic Games, which will be hosted by LA28 Games. Archer officials said they will introduce their pilot electric air taxi at the summer games. It's designed to carry up to four passengers while producing less noise and emissions than a traditional helicopter.
