$SUPER MICRO COMPUTER INC(SMCI)$ 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
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