DaveaPhoenix
08-31

$SUPER MICRO COMPUTER INC(SMCI)$ SMCI’s rise to over $1,000 per share was fueled by its strategic focus on AI and cloud computing, robust financial performance, and innovation. However, the subsequent drop to below $400 can be attributed to market corrections, economic uncertainty, profit-taking, and increasing competitive pressures. This scenario underscores the volatility inherent in tech stocks, especially those tied to rapidly evolving industries.

**** I would anticipate continued market pressures and competitive challenges in the near term, shorting the stock could be a more suitable strategy.

**** Hindenburg's reports are generally reliable in terms of the factual content they present I would use Hindenburg's reports as a starting point for further investigation rather than taking them at face value.

**** I'm using a conservative estimate of around $350, reflecting the current market conditions and potential risks

SMCI -20%: Will You Short Like Hindenburg?
The stock price of Super Micro Computer dropped 26% this week. Hindenburg released a short-seller report. After a three-month investigation, Hindenburg accused the AI company of accounting manipulation, undisclosed related-party transactions, export ban violations, and customer loss, among other issues. Yesterday, SMCI announced to postpone the earnings release. ----------- Will you go short or long on SMCI? Is the report by Hindenburg reliable? What's your target price?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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