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SMCI

TESLA & SMCI: the tail of Semis vs EV stocks.Tesla has had a beautiful bounce off support. This bounce comes on the back of a strong market, charging higher. If Tesla can hold above $195 it may move for the gap fill. Caution to the wind with Tesla as it has triggered a very bearish breakdown. SMCI is one of the best performing Semis. Its gone completely parabolic on its earnings. after gapping up 30% on its pre guide, its now up another 10% in the afterhours. The semis seem to have an unlimited amount of capital flowing into them. Look for an intra day short opportunity (day trade) on SMCI
NASDAQ:TSLA
by Trading-Capital
$SMCI Soaring: Riding the Waves of AI Growth and Macroeconomic Super Micro Computer ( NASDAQ:SMCI ) has captured the spotlight with a remarkable 9.6% gain in its stock price during Tuesday's trading session. The confluence of factors driving this ascent includes favorable macroeconomic analyses, bullish sentiments from analysts in the memory-chip industry, and the ripple effect from Nvidia's recent announcements at the 2024 Consumer Electronics Show (CES). As the market absorbs these positive developments, NASDAQ:SMCI 's stock has soared approximately 279% over the past year, underscoring its status as a red-hot AI growth stock. Macroeconomic Tailwinds: One key driver behind Super Micro Computer's recent stock surge is the optimistic outlook stemming from macroeconomic analyses. Reports suggest that Wall Street analysts anticipate substantial rate cuts by the Federal Reserve in the coming years. This shift in policy is seen as a tailwind for growth-dependent tech stocks, including those in the artificial intelligence (AI) sector. As the macroeconomic backdrop becomes more favorable, Super Micro Computer stands to benefit from increased investor confidence and a positive environment for tech stocks. Bullish Trends in Memory-Chip Industry: Citigroup's bullish report on memory-chip stocks adds another layer of optimism to Super Micro Computer's outlook. The report highlights surging demand for AI services as a core catalyst for top memory-chip players. While Super Micro Computer primarily focuses on server solutions, the heightened demand for memory chips driven by AI applications is expected to contribute to the company's growth. The convergence of favorable macroeconomic conditions and increased AI-driven demand positions NASDAQ:SMCI at the forefront of a thriving industry. Nvidia's Impact: Nvidia, a leading player in high-performance graphics processing units (GPUs), has indirectly contributed to Super Micro Computer's upward trajectory. Although Nvidia's CES announcements may not directly impact SMCI's business, they underscore positive trends within the tech sector. As a company closely associated with server solutions, Super Micro Computer benefits from the general positive sentiment surrounding advancements in high-performance computing showcased by Nvidia. This indirect boost adds to the overall bullish narrative surrounding $SMCI. Technical Analysis: Super Micro Computer's technical analysis reveals a rising trend channel in the medium to long term. This indicates not only positive development but also a growing interest among investors. Breaking through resistance at dollar 310 suggests a potential for further upward movement. Volume analysis aligns well with price trends, indicating a strong and sustained momentum. The Conclusion: Super Micro Computer's recent stock surge is not merely a product of isolated events but a culmination of multiple favorable factors. From macroeconomic tailwinds to bullish industry trends and indirect support from Nvidia, NASDAQ:SMCI finds itself at the nexus of a flourishing tech landscape. As the company continues its ascent, investors are keenly watching, and the positive trajectory suggests that Super Micro Computer is poised for sustained growth in the dynamic world of AI and high-performance computing.
NASDAQ:SMCILong
by DEXWireNews
Super Micro Computer Inc. Moving Towards UptrendSuper Micro deploys the world’s leading semiconductor technology with its line of servers, services and accessories and the shift to next-generation technology, including AI, resulted in better-than-expected guidance. The news has the shares up another 30% extending the rally to new highs and taking the market ballistic. Based on the AI outlook, this trend is in its early stages and could easily see this company double or triple in valuation. Among the largest growth opportunities in the AI industry will be infrastructure and services, each worth billions in annual spending. Super Micro's Tepid Quarter, Issues Guidance Super Micro had a tepid quarter regarding the analysts' expectations, bringing in only $1.28 billion. That is a decline of nearly 6% year-over-year (YOY) in line with the consensus figures, although earnings were weak. The company widened the gross margin by 210 basis points compared to last year, but it was less than expected and left the adjusted EPS at $1.63. That’s up from the prior year, but was eight cents shy of consensus and would be a bearish catalyst if not for the guidance. The company’s tepid second-quarter results are due to supply chain issues that were resolved later than the analyst anticipated. This is evidenced by the guidance, which was reaffirmed for the year which ends with the next report. The takeaway is that the fourth-quarter guidance is well above the MarketBeat consensus and suggests that momentum could carry into the first-quarter period and the second half of calendar 2023. Institutional Activity Drives Super Micro Higher The institutional activity in Super Micro can tell you a lot. The institutions own about 73% of the stock and have been buying on balance. The activity includes rotation as profit-taking occurs but ramps higher every quarter. Assuming this trend continues, the institutions will increase their holdings to roughly 75% by the end of the second quarter of 2023. Technical Analysist: Super Micro’s Uptrend Super Micro is in an uptrend that gains strength. The current move is supported by the outlook and aided by a relatively high short interest that could continue to fuel the rally. The company has evident momentum and a clear position within the industry, so it should continue to build support. The price action may move sideways at this point or even pull back some before moving higher, which offers a buying opportunity. One target for support is near the $120 level, but a deeper pullback is possible if the short sellers pile back in. Price Momentum SMCI is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:SMCILong
by DEXWireNews
SMCI Parabolic moveSMCI has been on a parabolic bullish move since Start of 2022 It always makes a new highs then establish it as a resistance level , test it multiple times then move on to the new breakout Right now it is on a new resistance level i.e 118 and it can come back to test either 104 or 94 support levels. After retesting 104 or 94 it will make another bull move making a new high Wait till Support level retesting and then make an entry PS : its currently forming a triple top pattern which is not complete yet . if completed then there is a slight chance that it will definitely come back to 94-96 levels for the previous strong support retest
NASDAQ:SMCILong
by vortexTradingSolutions
6
SMCI in uptrend with acceleration perspectiveSMCI Super Micro Computer Non-GAAP EPS of $3.26 beats by $0.23, revenue of $1.8B beats by $20M. It confirms the good business run and momentum for its products, despite overall business decline in the sector. It records a rising trend both in revenue and EPS and the valuation looks very attractive. PE 8.7x, Revenue up 59%, ROE 38% EBIT mrg 10% and the stock is above its 200ma and it seems that the demand for the stock is increasing.
NASDAQ:SMCILong
by alpha62539
1
BTCUSDT is testing the demand ZoneThe price is testing a key level on 19300, where the price has the supply zone . The price bounced on 18850$ How to approach it? Today is a volatility day, so the price could create the spike in order to grab the liquidity and create a bearish impulse ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4