$Yieldmax Smci Option Income Strategy Etf(SMCY)$
Supermicro, a leader in server technology, is showing promising signs of recovery and are looking brighter , much to the benefit of its investors.
Recently, the company hired BDO, the fifth-largest public accounting firm, to serve as an independent auditor. This partnership bolsters Supermicro’s credibility and significantly improves the company’s ability to file its annual 10-K report promptly. Such an action would also reduce the likelihood of Supermicro being delisted from the Nasdaq, a concern that has been looming over the company. Supermicro’s ability to resolve accounting issues with the SEC in the past, particularly regarding fiscal years 2014 to 2017, further solidifies its reputation.
Supermicro’s business is closely linked to NVIDIA Corporation, a semiconductor giant. To power AI chips, Supermicro's AI servers are essential. With AI-driven demand for server technology on the rise, Supermicro is well-positioned to capitalize on this growth, especially as the adoption of AI accelerates.
The company trades at a price-to-earnings (P/E) ratio of 8.4X forward earnings, compared to the industry’s average of 14.5X. This makes Supermicro’s stock an attractive option for investors looking for an opportunity in a potentially undervalued company within a booming market.
My take?
take advantage of the short up swing as the market is still bullish while you can. The current upswing in stock price offers a good opportunity for short-term gains. however i will not hold the stock for long term due to it’s history with regulatory issues
Comments
neither will I