Update 7/6/25: Added Ingram Micro’s confirmation it suffered a ransomware attack below. Also updated ransom note with clearer version.

An ongoing outage at IT giant Ingram Micro is caused by a SafePay ransomware attack that led to the shutdown of internal systems, BleepingComputer has learned.

Ingram Micro is one of the world’s largest business-to-business technology distributors and service providers, offering a range of solutions including hardware, software, cloud services, logistics, and training to resellers and managed service providers worldwide.

Since Thursday, Ingram Micro’s website and online ordering systems have been down, with the company not disclosing the cause of the issues.

BleepingComputer has now learned that the outages are caused by a cyberattack that occurred early Thursday morning, with employees suddenly finding ransom notes created on their devices.

The ransom note, seen by BleepingComputer, is associated with the SafePay ransomware operation, which has become one of the more active operations in 2025. It is unclear if devices were actually encrypted in the attack.

It should be noted that while the ransom note claims to have stolen a wide variety of information, this is generic language used in all SafePay ransom notes and may not be true for the Ingram Micro attack.

Do you have information about this or another cyberattack? If you want to share the information, you can contact us securely and confidentially on Signal at LawrenceA.11, via email at lawrence.abrams@bleepingcomputer.com, or by using our tips form.

Sources have told BleepingComputer that it is believed the threat actors breached Ingram Micro through its GlobalProtect VPN platform.

Once the attack was discovered, employees in some locations were told to work from home. The company also shut down internal systems, telling employees not to use the company’s GlobalProtect VPN access, which was said to be impacted by the IT outage.

Systems that are impacted in many locations include the company’s AI-powered Xvantage distribution platform and the Impulse license provisioning platform. However, BleepingComputer was told that other internal services, such as Microsoft 365, Teams, and SharePoint, continue to operate as usual.

As of yesterday, Ingram Micro has not disclosed the attack publicly or to its employees, only stating there are ongoing IT issues, as indicated by company-wide advisories shared with BleepingComputer.

The SafePay ransomware gang is a relatively new operation that was first seen in November 2024, accumulating over 220 victims since then.

The ransomware operation has been previously observed breaching corporate networks through VPN gateways using compromised credentials and password spray attacks.

BleepingComputer contacted Ingram Micro yesterday and today about the outages and ransomware attack, but did not receive a response to our emails.

Update 7/6/25: In a brief Sunday morning announcement, Ingram Micro has confirmed that they suffered a ransomware attack.

“Ingram Micro recently identified ransomware on certain of its internal systems,” reads Ingram Micro’s statement.

“Promptly after learning of the issue, the Company took steps to secure the relevant environment, including proactively taking certain systems offline and implementing other mitigation measures. The Company also launched an investigation with the assistance of leading cybersecurity experts and notified law enforcement.”

“Ingram Micro is working diligently to restore the affected systems so that it can process and ship orders, and the Company apologizes for any disruption this issue is causing its customers, vendor partners, and others.”

The retail trading giant Robinhood is launching new micro futures for a trio of popular digital assets.

In a new thread on the social media platform X, Robinhood says that it’s rolling out micro futures for crypto king Bitcoin (BTC), smart contract platform Solana (SOL), and payments blockchain token XRP starting June 27th.

“New crypto futures are now on Robinhood. Trade micro XRP, Solana, and Bitcoin Friday futures with lower margin requirements and seamless execution with our trading ladder.”

Robinhood initially launched futures products in January 2025, at first only offering Bitcoin and Ethereum (ETH)-based assets in terms of crypto.

In April, derivatives marketplace giant CME Group announced that it would be launching XRP-based futures over Robinhood, citing investor demand.

As stated by JB Mackenzie, vice president and general manager of futures and international at Robinhood, at the time,

“Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading. Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of crypto futures to complement Robinhood’s existing spot crypto offerings.”

In May, Robinhood acquired WonderFi, a Canadian crypto firm backed by Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, for about $179 million.

Furthermore, Robinhood closed its biggest acquisition yet earlier this month as it purchased the Luxembourg-based crypto exchange platform Bitstamp for about $200 million, boosting the firm’s expansion overseas.

BTC, SOL and XRP are trading for $106,851, $141.35  and $2.09 at time of writing, respectively.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Trend Micro has released security updates to address multiple critical-severity remote code execution and authentication bypass vulnerabilities that impact its Apex Central and Endpoint Encryption (TMEE) PolicyServer products.

The security vendor underlines that it has seen no evidence of active exploitation in the wild for any of them. However, immediate application of the security updates is recommended to address the risks.

Trend Micro Endpoint Encryption PolicyServer is a central management server for Trend Micro Endpoint Encryption (TMEE), providing full disk encryption and removable media encryption for Windows-based endpoints.

The product is used in enterprise environments in regulated industries where compliance with data protection standards is critical.

With the latest update, Trend Micro addressed the following high-severity and critical flaws:

• CVE-2025-49212 – A pre-authentication remote code execution flaw caused by insecure deserialization in the PolicyValueTableSerializationBinder class. Remote attackers can exploit it to execute arbitrary code as SYSTEM without requiring login
• CVE-2025-49213 – A pre-authentication remote code execution vulnerability in the PolicyServerWindowsService class, stemming from deserialization of untrusted data. Attackers can run arbitrary code as SYSTEM with no authentication required
• CVE-2025-49216 – An authentication bypass flaw in the DbAppDomain service due to a broken auth implementation. Remote attackers can fully bypass login and perform admin-level actions without credentials
• CVE-2025-49217 – A pre-authentication RCE vulnerability in the ValidateToken method, triggered by unsafe deserialization. While slightly harder to exploit, it still allows unauthenticated attackers to run code as SYSTEM

It should be noted that while Trend Micro’s security bulletin for Endpoint Encryption PolicyServer lists all four vulnerabilities above as critical, ZDI’s advisory asessed CVE-2025-49217 as being a high-severity vulnerability.

Additional issues addressed by the latest version of Endpoint Encryption PolicyServer inlcude four more high-severity vulnerabilities (e.g. SQL injection and privileges escalation issues).

All of the vulnerabilities were addressed in version 6.0.0.4013 (Patch 1 Update 6). The flaws impact all versions up to the latest, and there are no mitigations or workarounds for them.

A second set of problems that Trend Micro addressed impacts Apex Central, a centralized security management console used for monitoring, configuring, and managing multiple Trend Micro products and security agents across an organization.

Both issues are critical-severity, pre-authentication remote code execution flaws:

• CVE-2025-49219 – A pre-authentication RCE flaw in the GetReportDetailView method of Apex Central caused by insecure deserialization. Exploiting this allows unauthenticated attackers to execute code in the context of NETWORK SERVICE. (CVSS 9.8)
• CVE-2025-49220 – A pre-auth RCE in Apex Central in the ConvertFromJson method. Improper input validation during deserialization lets attackers execute arbitrary code remotely without authentication. (CVSS 9.8)

The issues were fixed in Patch B7007 for Apex Central 2019 (on premise), while they are automatically applied on backend for Apex Central as a Service.

The boom in artificial intelligence (AI) may be hitting its next leg. Microsoft just reported accelerated cloud computing growth due to AI, while OpenAI’s ChatGPT is gaining hundreds of millions of users around the globe. One stock benefiting from this recovery is Super Micro Computer (SMCI 5.00%). The data center assembler is up around 20% in the last month and just got an upgrade from a Wall Street analyst.

Should you buy Super Micro Computer stock to for the next leg up in AI?

Riding the AI revolution

In the last five years, Super Micro Computer’s revenue is up over 500%. This is due to the growing spending on data center solutions from AI infrastructure providers like Microsoft. Super Micro Computer is an expert in assembling data centers with advanced computer chips from the likes of Nvidia, where Super Micro Computer spends a lot of money.

Companies like Microsoft will go to Super Micro Computer for efficient outsourcing of AI data center assembly as they try to build out more computing resources as fast as possible to keep up with demand. Management is currently guiding for $21.8 billion to $22.6 billion in revenue this fiscal year (ending in June), which is a slight decline from its previous guidance but would still represent solid growth from $15 billion in revenue last fiscal year.

As demand seems to be picking up for AI infrastructure again, Super Micro Computer is seeing its stock rocket higher. However, it is still down 67% from all-time highs and currently sports a market cap of $23 billion.

Image source: Getty Images. Super Micro Computer is a beneficiary of AI.

Slim margins and cyclicality

Super Micro Computer is simply a middleman for computer chips and data centers. Nvidia has a 62% operating margin. Amazon Web Services (AWS) has a 37.5% operating margin. Last quarter, Super Micro Computer had a gross margin under 10%.

What does this mean? Super Micro Computer is able to sell its products at only a slight premium to its input costs, which gives it extremely slim profit margins compared to its suppliers and customers. Nvidia and the AI cloud infrastructure companies hold a lot of power in the relationship. Last quarter, Super Micro Computer had a slim operating margin of just 3.2%.

This could pose trouble in a cyclical downturn, which will eventually come for the AI market. This is the ideal operating environment for Super Micro Computer — you couldn’t ask for more demand from customers — yet it still is barely generating a profit.

SMCI PE Ratio (Forward) data by YCharts.

Is Super Micro Computer stock a buy?

Things are going well for Super Micro Computer right now. Its stock is up over 1,000% in the last five years, even including its recent drawdown. The stock still looks cheap, with a market cap of $23.2 billion and a forward price-to-earnings ratio of 19. If demand for AI data center assembly keeps growing, the stock will likely be higher in a few years.

I still don’t think it is a good buy for a long-term portfolio. A cyclical downturn will eventually arrive in data center spending, which will almost assuredly lead to declining profit margins for Super Micro Computer. Given its already razor-thin profit margins with demand for its products and services at a fever pitch, it is likely to lose money when the cycle inevitably flips. This may not happen for a year or five, but it will happen eventually.

Super Micro Computer has thin margins because it does not provide the most value for the AI sector. This comes from Nvidia’s innovative computer chips, which it can sell at a premium price, and the cloud infrastructure providers selling computing power to software companies. Super Micro Computer does have a lot of revenue right now, but it is simply a middleman packaging computer chips together. It has practically zero competitive edge.

Even though Super Micro Computer is growing fast today and looks to be trading at a cheap price, investors would be smart to avoid buying shares. This is a cyclical company with no long-term competitive advantage in its industry.

Shares of Super Micro Computer (SMCI -6.10%) were heading lower this week as a combination of a sell rating from Goldman Sachs and a broader sell-off in artificial intelligence (AI) stock, which weighed on the maker of AI servers.

According to data from S&P Global Market Intelligence, the stock was down 16.5% for the week as of 3:12 p.m. ET on Thursday.

Image source: Getty Images.

Is Super Micro Computer in trouble?

The market tends to heed ratings changes from Goldman Sachs more so than other investment banks and research firms, so it wasn’t surprising that the stock pulled back on the downgrade.

Goldman Sachs downgraded Supermicro to sell with a price target of $32, arguing that the risk/reward in the stock is now unfavorable. It also noted that competition in AI servers is heating up in response to Supermicro’s sales surging last year. Finally, it said that its gross margins, which are already low, could decline further due to new competition.

Supermicro stock fell as much as 6% on Monday, though it recovered most of those losses by the end of that session, as the broad market surged on hopes for easing trade war tensions.

However, two days later, Supermicro stock was falling, in line with the broad market partly because of President Donald Trump’s announcement of tariffs on foreign vehicle imports. AI stocks fell sharply as investors view that sector as being one of the most at risk of a recession.

What’s next for Supermicro

Super Micro Computer does seem to have put the earlier concerns about the delay in filing its annual report behind it, but the business still needs to perform in order for the stock to do well.

In addition to revenue growth, it’s key for the company to maintain or expand its already-narrow gross margin. In its second quarter, it reported a gross margin of just 11.8%, and operating income fell slightly.

Competition could already be weighing on the stock, though its growth is still strong. Supermicro looks well priced right now, but it will have to defend its market share and margins in order for the stock to be a winner.

One of the more tantalizing stocks following the recent market sell-off is Advanced Micro Devices (AMD 7.13%). Shares are down about 40% over the past year as of this writing, despite the chipmaker’s strong revenue growth related to artificial intelligence (AI) over the past year.

However, the question is: Can AMD’s stock bounce back and be a worthwhile investment.

Strong AI growth

When investors look at AMD, they tend to focus on the company’s position as the No. 2 player in graphics processing units (GPUs) behind leader Nvidia. Given how successful Nvidia has been, it is tempting to imagine AMD eventually capturing more market share and competing better versus Nvidia.

The company is a very distant second in terms of market share in a huge and growing market for GPUs, which are used to help train AI models and run inference. For much of 2024, it had about a 10% market share compared to around 90% for Nvidia.

The company has tried to close the gap by improving its chips and its software. However, the latter has been a big deterrent in helping it gain market share.

In December, semiconductor research company SemiAnalysis ran comparative tests on AMD’s and Nvidia’s chips for AI model training. It called AMD’s GPUs unusable out of the box due to bugs in its software, requiring a lot of support from the company’s engineers to get them up and running.

About a decade after Nvidia launched its CUDA software platform, AMD introduced its ROCm platform to help developers program its GPUs beyond their original purpose of speeding up graphics rendering.

It has been struggling to catch up ever since, often using open-source software libraries built off of ones developed by Nvidia for CUDA. Building software libraries off its competitor’s platform just makes it difficult to compete from a usability perspective. As such, the company’s GPUs tend to be used more often for well-defined AI inference cases.

Given the overall huge growth of the AI infrastructure market, AMD is still seeing solid gains with its GPUs. It’s been having growth in inference, and overall remains an alternative to a capacity constrained Nvidia. However, at this point, taking a chunk of market share away from Nvidia seems unlikely.

Where the company has been shining is with its central processing units (CPUs). While GPUs provide much of the computing muscle, CPUs provide the “brains” — processing information to ensure various PC hardware works optimally in tandem to achieve its functions. The company has been taking market share in the CPU data center space, reporting last quarter that its share is now well above 50% among hyperscalers (companies that own massive data centers). This market isn’t as large as the GPU market, but it is still growing quickly as AI infrastructure spending continues to increase.

Overall, AMD saw its data center revenue soar 69% year over year to $3.9 billion last quarter. For the entire year, this category of revenue surged 94% to $12.6 billion.

The company has also been taking share in the personal computer (PC) space with its CPUs. Last quarter, it said it had over 70% market share on several online platforms, including Amazon, Newegg, and MindFactory.

AMD is looking to grow its PC business by a mid-single-digit percentage this year. Other areas such as gaming, where it supplies GPUs, have been weak, though, as the current gaming consoles have been on the market without a refresh for many years.

Image source: Getty Images

Is it time to buy AMD stock?

With the decline in its share price, AMD now trades at a forward price-to-earnings ratio (P/E) of 22.5 times analyst estimates for 2025. The company projected it would grow its revenue by 30% in the first quarter, with analysts estimating that it will increase sales by 23% for the year.

AMD PE ratio (forward) data by YCharts.

That’s an attractive valuation for a semiconductor stock showing that type of growth.

If investors are buying AMD thinking it will take meaningful market share away from Nvidia, I think they will likely be disappointed. However, the company should still see strong growth in data centers as AI infrastructure spending continues to lift the overall chip market. It should continue to win GPU business, if just to keep Nvidia in check with prices, while it’s performing well in the CPU market.

I think between its valuation and its opportunities, the stock is a buy at current levels. Just don’t expect AMD to become the next Nvidia-type stock market winner.

What you need to know

• AYANEO has officially announced the Pocket Micro Classic.
• This Android gaming handheld is essentially the same as the Pocket Micro, minus the joysticks.
• Pricing for the Micro Classic starts at $179, and shipping is expected to start in the “middle of April.”

Last year was a banner year for AYANEO, as the company released an onslaught of both Windows and Android handhelds. On the Android side, the Pocket DMG and Pocket Micro were easily two of the most intriguing handhelds that we’ve seen in recent memory.

And now, the Pocket Micro Classic gets even closer to imitating one of Nintendo’s classics. Basically, everything about the Pocket Micro and the Micro Classic is identical. This includes the Aluminum chassis, 3.5-inch IPS borderless display, and MediaTek Helio G99 SoC.

Classic Joystick-Free Design, Pure Experience: AYANEO Pocket MICRO Classic Officially Announced – YouTube

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In case it wasn’t obvious, the only key difference is that AYANEO ditched the dual joysticks from the Micro with its latest handheld. In doing so, it also appears to have moved the D-pad and ABXY buttons down slightly to help fill up some of the space.

With this change, the Pocket Micro Classic looks like the perfect modern successor to the original Game Boy Micro. This is especially true of the “Retro Gold” color, which features a gold front paired with a red CNC aluminum shell.

As for performance, well, it’ll be identical to the “regular” Pocket Micro. The Helio G99 is paired with either 6GB or 8GB of RAM and either 128GB or 256GB of expandable storage. Meanwhile, the 3.5-inch display, with its 960 x 480 resolution, offers perfect 4X upscaling for Game Boy Advance games.

Obviously, the Helio G99 is capable of playing games from systems that are far more powerful than the GBA. So what does that mean if you end up wanting to play PS1 games but don’t have a joystick? AYANEO claims you’ll be able to switch between the D-pad and left joystick mode by long-pressing the ST and = buttons found on the front bottom lip.

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This isn’t entirely unheard of, as there are plenty of retro handhelds that offer similar implementations. However, it will be interesting to see if AYANEO also makes this available from the AYASpace Menu in case you forget the button combination.

Currently, there are three colors to choose from, across two different RAM and storage configurations. Pricing for the 6GB model with 128GB of storage starts at $179. If you want 8GB of RAM and double the storage, you’re looking at either $209 for the Magic Black color, or $239 for both the Retro Gray and Retro Gold colors. You can pre-order one starting today and AYANEO is expected to begin shipping its latest handheld sometime in the “middle of April.”