JackQuant
12-11

🚨 $SUPER MICRO COMPUTER INC(SMCI)$ 🚨

$SUPER MICRO COMPUTER INC(SMCI)$ is in hot water as fears of a potential delisting from the Nasdaq 100 grow. Despite CEO Charles Liang's confidence shares won’t get delisted from the tech-heavy index, when he spoke to reporters on the sidelines of the Reuters NEXT event in New York Tuesday. The company was recently granted an extension to file its delayed annual and quarterly reports by Feb. 25, avoiding the immediate threat of delisting. Liang also said these would be filed by the new deadline. 

However, the market isn't convinced yet sending shares down another 4% today. After a 50% plunge post-auditor exit, analysts are now split—will Super Micro recover, or is more trouble ahead? 🤔💥

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.

Comments

  • bluekiwiseed
    12-11
    bluekiwiseed
    I don't think it's a matter of convince or not convince because it's long past that already. Otherwise, you cannot explain why smci would jump from 20 to 37-38, then to 44, then again to 49, before the retracement to 42 and now 37-38. All these bullish patterns mean that a huge amount of market confidence has returned. It is important to note that SMCI went through a bullish flag before the retracement.

    So, then, what explains the retracement from 44-46 to 37-38 yesterdayday? I think it has to do with the CPI release today at 8.30am est. All major indexes (NASDAQ, SNP, DJI) and the majority of tech/ai stocks fell yesterday. The whole world is watching if CPI will increase by 0.1% as expected and impact FED's decision to continue cut interest rates by 0.25% next week.

    • bluekiwiseed: 
      just got an update: nasdaq annual reconstitution on Dec 13 tomorrow
  • 財運到財源滾滾到
    12-12
    財運到財源滾滾到
    Thks for sharing 🙏 believe better then regrets.
    Don let the price tempting you! Doesn’t mean price up is a good sign, people can stir up the stock market.
Leave a comment
3
1