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Super Micro Computer, Inc.

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SMCI trade ideas

The company!This company has no fundamental issues. It’s the second most important client for NASDAQ:NVDA , with the most efficient and modern cooling system available, supporting #Grok by #XAI by #ElonMusk. It suffered a setback due to rumors started by a hedge fund. Later, just before it could timely present its 10-K filing, an unprofessional auditor from Ernst and Young resigned, leading to another crisis. However, the company has stepped up, and, to top it off, all the VPs, along with the CEO, bought shares frantically. Now, technically speaking, the structures are there, with a mega bull flag pattern that could take us back to the 90s. Is it worth the wait? I believe it is.
NASDAQ:SMCILong
by AllAboutMoney
4
SMCI buy right now.TARGET -> 70$ T1, 110 T2 SMCI Stock Poised to Boom After Audited Results, BlackRock and Vanguard Buy In Super Micro Computer, Inc. (SMCI), a leader in high-performance server solutions, is set to experience significant stock growth once its results are fully audited. Institutional giants BlackRock and Vanguard are betting big on SMCI, signaling confidence in the company’s future. Here’s why SMCI could see a major boost: 1. Strong Market Position SMCI is well-positioned in the rapidly growing sectors of AI, cloud computing, and data infrastructure. With rising demand for powerful servers and storage solutions, SMCI’s products are integral to the digital transformation happening across industries. 2. Audit and Transparency SMCI has faced financial scrutiny, but the company is finalizing its audits. Once complete, transparency about its earnings will give investors more confidence, which could drive a significant stock price rebound. 3. Institutional Confidence: BlackRock & Vanguard Both BlackRock and Vanguard, two of the world’s largest asset managers, have been increasing their stakes in SMCI. Their investments signal strong confidence in the company’s growth potential, especially once the audit clears up any uncertainties. 4. Growth Catalysts Improved Transparency: The completed audit should eliminate doubts, potentially boosting the stock. AI & Data Center Demand: Continued growth in AI and data infrastructure supports SMCI’s long-term prospects. Strong Earnings: Analysts expect SMCI to benefit from its solid product pipeline and market demand. Partnerships: New strategic partnerships with tech giants could further fuel growth. 5. Risks While SMCI’s outlook is strong, risks include delays in the audit, competitive pressures, and macroeconomic factors like supply chain issues or rising interest rates. 6. Conclusion With the audit’s completion on the horizon and strong backing from BlackRock and Vanguard, SMCI is poised for significant upside. Investors should keep an eye on the stock, as it could see substantial growth once clarity around its financials is achieved.
NASDAQ:SMCILong
by tavinash0077
3
The Big Exit | How One Auditor Walked Away from Super MicroThe Governance Shortfall: Inside Super Micro’s Auditor Crisis On Wednesday, shares of the high performance server and storage solutions provider faced renewed selling pressure after the unexpected resignation of its audit firm, Ernst & Young LLP(EY) In July 2024, EY alerted the Audit Committee about several concerns related to governance, transparency, internal controls, and the risk of delayed filing of the company's annual report. In response, the Board formed an independent Special Committee to investigate these matters, engaging Cooley LLP and forensic accounting firm Secretariat Advisors, LLC. Although EY and the Board received preliminary updates on the investigation, the final conclusions have not yet been shared. The ongoing review raised doubts for EY regarding the company’s adherence to the COSO Framework principles for internal controls. EY questioned the company’s commitment to integrity, the independence of the Audit Committee, and the reliability of management’s and the Audit Committee's representations. In its resignation letter, EY expressed its inability to rely on these representations or be associated with the company's financial statements, citing legal and professional obligations. Despite the developments, Super Micro has indicated no expected changes to previously issued financial statements. The company plans to provide a Q1/FY2025 business update next week. However, it’s surprising that management didn’t include preliminary Q1 results in Wednesday's announcement, which could have mitigated the negative impact on its stock. Super Micro is nearing a Nasdaq deadline to either regain compliance with listing requirements or submit a plan. With the auditor’s unexpected departure, it may be difficult for the company to present a viable plan, raising the risk of a near-term delisting. This resignation comes at a critical time for Super Micro, as its rapid growth requires substantial working capital. Based on management’s projections, FY2025 cash needs could reach up to $3 billion, likely necessitating additional capital early next year. However, raising funds without audited financials could be challenging, potentially forcing Super Micro to relinquish market share to competitors like Dell Technologies or Hewlett Packard Enterprise. In my view, EY’s departure increases the likelihood of a prolonged accounting review, which could hinder Super Micro’s ability to secure funding for anticipated growth. Therefore, it is crucial for the company to report strong preliminary Q1/FY2025 results and present a positive outlook next week. Super Micro Computer’s troubles continue, as its auditor resigned due to concerns over management’s integrity and the Audit Committee's independence. This situation makes it unlikely for the company to achieve compliance with Nasdaq requirements soon, raising the potential for a near-term delisting. With a need to re-enter the capital markets in early 2025, audited financials remain essential. A failure to secure funding could result in significant market share loss to major competitors like Dell Technologies and Hewlett Packard Enterprise. Given these challenges, the increased risk of prolonged financial review, and a likely near-term delisting, I am reaffirming my "Sell" rating on Super Micro Computer's common shares.
NASDAQ:SMCIShort
by moonypto
2
Price Prediction for $SMCI: Potential Rebound Amid Market TrendsOverview: Super Micro Computer, Inc. ( NASDAQ:SMCI ), a leading player in the high-performance computing sector, has faced some volatility in recent months. However, a combination of key factors—ranging from the rise of AI, an ongoing cryptocurrency boom, and broader market trends—suggest that NASDAQ:SMCI is well-positioned to rebound and potentially reach new highs. 1. AI Growth and Its Impact on High-Performance Computing: The AI revolution, particularly the rise of generative AI and machine learning, is significantly driving demand for powerful computing infrastructure. NASDAQ:SMCI specializes in high-performance servers, data centers, and enterprise solutions that cater to the increasing needs of AI-heavy workloads. The growth in AI adoption by both tech giants and startups is pushing the demand for advanced computing systems that NASDAQ:SMCI provides. As AI-related applications scale, the need for more efficient and powerful hardware solutions will likely translate into increased revenue for $SMCI. 2. Cryptocurrency and Blockchain Trends: Cryptocurrency has surged to all-time highs, with Bitcoin, Ethereum, and other digital assets seeing significant increases in value. This trend often leads to higher demand for mining equipment, which NASDAQ:SMCI manufactures. Even though crypto mining isn't as profitable as it once was due to energy costs and regulatory concerns, the overall demand for blockchain infrastructure and server solutions remains robust. As the broader blockchain ecosystem matures and institutions invest further into decentralized finance (DeFi) and Web3 technologies, NASDAQ:SMCI stands to benefit from the need for more scalable, secure, and energy-efficient server solutions. 3. Market Trends and Valuation: Despite some short-term volatility, the broader tech market is showing signs of resilience. Companies in the semiconductor and data center sectors, especially those tied to next-gen computing like NASDAQ:SMCI , have benefitted from robust earnings reports and demand for cloud services, AI applications, and high-performance computing. The current market correction may present a buying opportunity, as NASDAQ:SMCI ’s core business fundamentals remain strong. 4. Supply Chain Improvements and Operational Efficiency: NASDAQ:SMCI has made strides in improving its supply chain and operational efficiency. With the global chip shortage easing and its diversification into various high-margin markets, the company is well-positioned to capitalize on growing demand in AI and blockchain sectors. This, combined with a more favorable operating environment, could lead to improved profitability and a stronger share price. Conclusion: Given the alignment of NASDAQ:SMCI ’s product offerings with key growth areas in AI and cryptocurrency, the stock has strong upside potential. The company is positioned to benefit from the rising demand for high-performance computing, both in the AI and blockchain sectors, which should drive earnings growth. As the broader tech market stabilizes and investor sentiment improves, NASDAQ:SMCI could see a substantial rebound in share price. Price Target: $75.00 + over the next 12 months, contingent on continued market growth in AI and cryptocurrency, as well as stable operational performance.
NASDAQ:SMCILong
by Premium-Flippa
26
SMCI is -85% a buy opportunity while accounting issues continue?Super Micro Computer Inc (SMCI) still haven't found a new Auditing Firm, after it was announced last week that Ernst & Young left them raising governance and management communication issues. Yesterday's Low represents almost a -85% drop from the March $122.50 All Time High (ATH). So is this level a bargain and a buy opportunity for long-term investors? Well while the company hasn't filed the necessary paperwork to meet the regulatory requirements to remain listed on the stock market and no auditor is hired to confirm and signs their reports, investor confidence will remain low (to say the least). It appears that SMCI has turned into the new short favorite for Hedge Funds and that's never ideal. Technically though, the stock hit yesterday its 1W MA200 (orange trend-line) for the first time in 4 years (since October 26 2020)! With that contact, the price initiated a strong multi-week rally that made a new High. This is a textbook buy for long-term investors. Of course it is all about risk and money management and since regulatory risks remain, the capital invested best to be less than usual. Another technical factor supporting a buy on these levels is the 1W RSI, which got oversold (<30.00) for the first time since the weeks of March 16 2020 (almost 31.50) and October 01 2018 (U.S. - China trade wars). Both these times, SMCI kick-started enormous rallies. The October 01 2018 bottom in particular is the starting date of the Fibonacci Channel Up on this chart, which encompasses SMCI's logarithmic growth these past years. As a result the company has only experienced 3 major long-term buy opportunities with the most recent 4 years ago. At the same time, yesterday's Low didn't only make contact with Fibonacci 1.0 of the Channel Up (i.e. the initial top until the price turned parabolic and broke-out) but also almost touched the 0.382 horizontal Fib level, starting all the way from October 2018. It is obvious that purely from a technical perspective such levels are as good as a buy can get. Proper risk management and an exit strategy are needed (in case of delisting) and long-term investors can be patient and take their time to target the $122.50 High again for enormous gains (could take even 1 year). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
2
Nov 6: SMCI bottomed and will rally to ATHSMCI has bottomed here after undercutting the previous congestion zone and reversed quickly up with a capitulation candle on the daily after an exhaustion gap. The last leg was a fast and truncated Y leg (0.618 of W) in the WXY correction, and has erased all RSI divergences. The drop may seem deep but is only under 0.318 of the whole rally from 2018. Sentiment-wise, the drop has done its job to reset sentiments as everyone is hating on it. Bad news always come out at or near the bottom.
NASDAQ:SMCILong
by TraderBwater
10
Jesus christ!This is the classic example of how a company can lose value when several factors come together. We have an analysis that mentions an issue within the board, an auditor who resigns arbitrarily, and a company that makes billions of dollars with a very good sales report, profit margin, etc. Technically speaking, the scenario is set for the company to potentially reach 60K. The company states that it found no traces of corruption within and is willing to do whatever is necessary to offer confidence to its investors. The only issue putting pressure on the stock price is the fact that they were unable to specify when they will present their 10-K form. This is why we are seeing this drop, which technical analysts are taking advantage of to create the perfect scenario for a major increase. So, yes, I think it is a must-get
NASDAQ:SMCILong
by AllAboutMoney
SMCI Battered Stock SyndromeI've seen this stock in the news a lot about some accounting irregularities (which have apparently existed for a long time with this company). Last time these allegations surfaced was August 2020 (stock is up 1000% since then). Anyway, wisemen on the daily, momentum divergences and harmonics look bullish here, so I'll take a small pre-earnings gamble on some otm december calls. Probably due for a relief rally right now and a strong earnings report after the close today could help close the gap around $50.
NASDAQ:SMCILong
by Intuit
2
SMCI Never worst and less liquid. Smci live topic continues - the allegations rebuttal - Hindenburg sounds more insidious that a drunk husband, quarreling with his drunk wife of 50 years. Here is the rebuttal. The allegations have no legs and made Smci the gift of the century Super Micro Computer, Inc. (SMCI): Export Controls • Even U.S. defense companies can inadvertently have products end up in restricted countries. SMCI must comply with U.S. export control regulations, but the Hindenburg report lacks specific evidence of violations. Accounting Manipulation • Past SEC charges found SMCI understated expenses, but the current report lacks detailed evidence of new manipulation. Undisclosed Relationships with Suppliers • SMCI has relationships with related parties (e.g., CEO’s brothers’ companies), which could raise governance concerns but are not necessarily illegal. Disclosing these details could be sensitive due to industry competition. Business Model and Competitor Dynamics • As an assembler, SMCI relies on confidential relationships with suppliers. Competitors like Dell and HP would benefit from any disclosed information, making secrecy crucial. Market and Competitive Context • SMCI’s growth depends on innovation and meeting demand for AI and cloud solutions. Historical issues and current practices raise red flags, but the context of complex supply chains and competitive dynamics is important to consider. These points highlight the complexities and potential motivations behind the allegations against SMCI, while also considering the broader industry context. THERE IS NOTHING HERE, THAT MAKES ANY OF IT ILLEGAL. Then there is the issue of liquidity. Id delisted from the nasdaq the sahres become less liquid, but never less liquid that today and yesterday. Thus, as long as the sales keep on happening I DON'T CARE like that song I DON'T CARE, I love it, I don't Care. This is a lotto ticket gentlemen, with great odds. You risk what you will. I love it, and I don't care.... we will next week what kind of pop we get, I contend it should be huge, liquidity or not I Don't Care. Will ad more, but I am expecting a beat of at least 7% with respect to last quater and a net revenue of 9% The rest the fact that DELL and HP are likely pressing duttons to call E&Y to tell them how dare you we will not use you if you enable SMCI (this is the movie I am playing in my haad, I never herd that conversations, or did ? I must be trippin._
NASDAQ:SMCILong
by imcnf5c4ff
10
SMCI after the resignation of E&YSuper Micro Computer's stock has recently experienced significant volatility, particularly following the resignation of its chief accountant. This event has raised concerns among investors, contributing to a notable decline in the company's stock price. The resignation was part of a broader context of challenges faced by Super Micro, including a federal investigation that has been ongoing since September 2024, which has further pressured the stock. In the wake of the accountant's departure, Super Micro's shares fell sharply, reflecting investor anxiety over the company's governance and financial oversight. This decline is compounded by previous fluctuations in the stock, including a substantial drop of 28.6% earlier in September due to various market pressures and concerns about the company's performance and future prospecs. The combination of these factors has led to a cautious outlook among analysts and investors alike. Many are now closely monitoring the situation, particularly as Super Micro prepares to report its earnings soon. The market's reaction to these developments will likely influence the stock's trajectory in the coming weeks.
NASDAQ:SMCI
by j_arrieta
SMCI *Huge Update*I know my charts are not pretty and I look pretty stupid a lot of the times. BUT. I noticed something very strange with the time cycle charting tool. I was measuring the tops and bottoms to find out that the bottoming process on SMCI is scheduled to happen just before NVDA earnings. Meaning... if SMCI follows the cycle we will see a huge dump before the 22nd-23rd of May. Then, after all retail investors are shaken out and people fear the recession/earnings, it will rocket up to make one more all time high run :) High chance of being wrong but I love to share my ideas with you all! Let me know what you see and lets talk about it.
NASDAQ:SMCIShort
by LeapTrades
33
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥 Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value. At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside. As always, we’re keeping a close eye on developments and will update you with any new moves.
NASDAQ:SMCILong
by freeguy_by_wmc
3
Oh no.........gone are the 4 baggers !!!!Latest news here :https://finance.yahoo.com/news/chinas-oct-factory-activity-returns-014907489.html It is scary that the management overstate its revenue and profitability to fool the shareholders..... To think that it is included in the S&P500 index would mean it has passed certain tests, but who knows......what goes up fast, came down just as fast ............ What to do if you are holding this stock ? Personally, I would have lost faith in the management and getting another auditor would not solve the problem. How about replacing the CEO? This can happen but it would takes time to turn around........ I think the chances of it falling through the support at 26.68 is high and panicky retail investors would rush to offload ........ Please DYODD
NASDAQ:SMCI
by dchua1969
SMCI Is it a buy after -35% dip and the leave of their auditors?Super Micro Computer is oversold on all timeframes and is approaching that level even on 1W (RSI = 35.160, MACD = -7.190, ADX = 44.214). The reason for the -35% daily collapse is of course the resignation of their auditors, Ernst & Young, which have raised concerns over SMCI's governance since late July. News have even hit the market that there are fears of delisting. Now fundamentally, even though the street has seen its fair share of accounting frauds in the past, those make up only a tiny minority. Normally when such pessimistic news hit the market, long term investors should be viewing the dynamics objectively. Is it worth buying despite all the negatives? A quick answer can be given by just looking at the technicals. Any high cap stock that falls roughly -75% from its All Time High (ATH) is objectively a great long term investment opportunity. For SMCI in particularly it has almost lost -75% of its value in 8 months, with the company absorbing almost any negative news there could be out there. The price is right now at $33.00 with its 1W MA200 currently sitting at $22.95 (and rising), which is the long term support since April 20th 2020. Before that trendline, there is the HL 2 to consider that started on July 5th 2022. In the meantime, the 1W RSI is testing sideways the S1 Zone, a buy level that is holding since July 2015. It has to be said that the -75% decline is SMCI strongest within such period of time, with the most recent before it being during the U.S.-China trade wars (October 1st 2018 at -68.30%). That collapse recovered in 6 months as it reached its 0.786 Fibonacci level. If SMCI announces soon their new auditing firm and calm the market about their practices, there is a strong probability to see the price testing the current 0.786 Fib (TP = 90.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:SMCI
by InvestingScope
1
SMCI Bull run overWe ended the fifth impulsive wave a lot higher and the ongoing collapse is nowhere near ending. The bull market is well and truly over for SMCI. Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent. I did warn bag holders not to buy the dip - look my related post. Instead I got hate and dislikes for my post. It's like people don't want to hear the truth. Don't love anything that won't love you back, speculative assets included. The truth is that risk management is key to preserving wealth. I was against buying the dip, there is a potential long trade to be had at way lower levels. However, in light of the accounting issues this company is in deep trouble and people are fighting to get to the exit door. Not financial advice, just my thoughts. Do what's best for you, if you want to buy the dip then good luck to you.
NASDAQ:SMCIShort
by NoFOMO_
4