Super Micro Computer (SMCI)

[winston]

not vested

Buy the dip in Super Micro Computer (NASDAQ:SMCI).

The selloff following the company’s first-quarter financial results is a complete overreaction and it is not likely to be long before SMCI stock is zooming higher once again.

Down about 24% since the start of April, this is likely to be the best chance investors get to buy-the-dip in this red hot AI stock.

Keeping in mind that the stock is still up more than 470% in the last 12 months and has gained about 3,790% in the past five years.

As for the company’s Q1 print, it was strong and showed blistering growth. While revenue missed Wall Street forecasts, it was still up 200% year-over-year.

For all of this year, Super Micro Computer is forecasting sales growth of 582%.

Management said the latest results would have been stronger, had it not been for the shortage of a key component needed to make its in-demand servers that run AI microchips and semiconductors.

However, the supply chain is improving and growth should keep accelerating this year and beyond.

Source: Daily Trade Alert

[winston]

not vested

Why Super Micro Computer (SMCI) Could Be a Hidden Gem for Growth Investors

For the third quarter that ended March 31, 2024, SMCI’s revenue increased 200.8% year-over-year to $3.85 billion.

Its non-GAAP gross profit grew 163.9% from the year-ago value to $600.59 million.

Its non-GAAP income from operations was $434.42 million, up 290.7% year-over-year.

The server assembler’s non-GAAP net income rose 340% from the prior year’s quarter to $411.54 million.

Its non-GAAP net income per common share came in at $6.65, an increase of 308% year-over-year.

As of March 31, 2024, Super Micro Computer’s cash and cash equivalents stood at $2.12 billion, compared to $440.46 million as of June 30, 2023.

The company’s total current assets were $8.06 billion versus $3.18 billion as of June 30, 2023.

Source: INO.com

https://www.ino.com/blog/2024/05/why-su ... =blogclick

[behappyalways]

Supermicro Craters On Shocking Margin Collapse Despite Euphoric Revenue Guidance, 10-For-1 Stock Split
https://www.zerohedge.com/markets/super ... 10-1-stock

[behappyalways]

Supermicro released its last quarter financial report.
Liang Jianhou announced that the stock split will take effect on 10/1.
However, profits were far lower than expected and gross profit margin hit a record low.
After-hours sanitary ware closed down 13%.

美超微揭上季財報 梁見後宣布拆股10/1生效 但獲利遠遜預期+毛利率創史低 盤後洗三溫暖收跌13%｜非凡財經新聞｜20240807

https://m.youtube.com/watch?v=RSwDHB90d8c

[behappyalways]

Super Micro Shares Plunge 8% After Hindenburg Shorts, Claims "Fresh Evidence" Of Accounting Manipulation
https://www.zerohedge.com/markets/super ... accounting

[behappyalways]

Supermicro was attacked by well-known short seller Hindenburg and its stock price fluctuated.
Is the next short-selling target in Asia?

美超微遭知名空頭興登堡狙擊股價震盪 下一個做空目標在亞洲？ 【Yahoo TV】風向龍鳳配

https://m.youtube.com/watch?v=v8ZXEBoKjx0

[behappyalways]

Super Micro Anticipates No Material Changes In 2024 Form 10-K After Delay & Hindenburg Short Report
https://www.zerohedge.com/markets/super ... burg-short

[behappyalways]

Supermicro's storm intensified.
Suspicions of accounting manipulation were rumored to be investigated by the Ministry of Justice.
After seeing the report, Liang denounced the short-selling report and said he would "respond in a timely manner".
Huida suffered a disaster and the stock price fell sharply.

美超微風暴越演越烈 傳會計操控疑雲遭司法部調查 梁見後斥做空報告稱將"適時回應" 輝達遭池魚之殃大漲沒了｜非凡財經新聞｜20240927

https://m.youtube.com/watch?v=f_TaykN6Tco

[behappyalways]

Super Micro Crashes After Auditor Resigns
https://www.zerohedge.com/technology/su ... or-resigns

[behappyalways]

Supermicro's financial report was not as good as expected, and investors were more worried about not being able to pay the annual report.
The stock price fell more than 15% after the market closed.
Regarding the accounting crisis, Supermicro said that there was nothing wrong with the internal investigation.

美超微財報不如預期 投資人更憂心繳不出年報 盤後股價崩跌逾15% 對於帳務風暴 美超微稱內部查無不法｜非凡財經新聞｜20241106

https://m.youtube.com/watch?v=KLOAZPyU5WA