InvestIdeas

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

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

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

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

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

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

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

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

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

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