SMCI jumps 36% on Q2 preliminary earnings, Join the Swing Play
$SUPER MICRO COMPUTER INC(SMCI)$ is the next $NVIDIA Corp(NVDA)$ for 2024!
$SUPER MICRO COMPUTER INC(SMCI)$ is newest swing play and should be main focus for 4 reasons:
1. positive cash flow + positive EPS
SMCI has significantly increased its profit and revenue forecast for the second fiscal quarter, also benefiting from the explosion of demand for AI. Currently, the company expects adjusted earnings to be $5.40-5.55, far exceeding market expectations of $4.51.
The stock would still be trading with a PEG ratio below 0.5x It’s just absurd that $SMCI was trading at 15x earnings going into the close yesterday.
2. chart setting up for 400% gains in 2024
3. part of $iShares Russell 2000 ETF(IWM)$ explosion
4. Massive semi-conductor play with AI and technology next year.
SMCI's fiscal second-quarter revenue will be between $3.6 billion and $3.65 billion, clearly beating analysts' consensus forecast of $2.8 billion.
The company pointed out that this is mainly due to the mass production of the market and end customers themselves, the explosion of artificial intelligence, and the strong demand for overall IT solutions.
Although SMCI has not announced the release date of its financial report, this good news gives investors confidence in the company's future performance.
5. $SUPER MICRO COMPUTER INC(SMCI)$ Lifts Q2 Outlook, SMCI stock rallied approximately 340% in one year, led by stellar demand for its artificial intelligence (AI) platform.
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