Super Micro Computer, Inc.
Long
Updated

SMCI Wants to Go HIGHER

930
In recent developments, Super Micro has experienced significant stock volatility. After filing delayed financial reports to regain Nasdaq compliance, the stock initially surged but faced declines due to broader market factors and investor concerns. Analysts have mixed views: Mizuho Securities assigned a neutral rating with a $50 price target, citing competition in the AI server market, while Goldman Sachs highlighted both opportunities in AI demand and risks like increased competition and margin pressures.

I am tracking this using Elliott wave theory. I will update periodically. The white line is my current cost basis.
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snapshot
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Well here is another investigation. Price tanked today during the market hours. I sold 75% of my position last night when I saw the news. Around 11 pm MST.
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Long-term its a excellent pick.
Trade closed manually
Out at b/e

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