I just realized what an idiot I was - I was astonished at how and why SMCI ran up to 130 just a few weeks backs after its ER report…and it is now 234 or something!!!
Finally, I read the earnings report today… After reading the ER transcript, and some recent news, and the AI momentum…and added to the fact that this is profitable company, I can see why SMCI is running away…Falls right into Champ’s “NO GUTS, NO GLORY”
I think NVDA and SMCI are running side by side - the common them being AI…And SMCI plays a very important part (again, the earnings report details this)
And if that isn’t enough…Look at this news - thanks XMF Rob
THEY EXPCTED TO HIT 4000 RACKS by calendar end…and this was on 2nd May this year during the earnings call…
And the news from yesterday states they are already at 4000, and targeting 5000 by calendar end!!!
I have no idea how long this AI hype/ bubble/ mania is going to run…But till it runs, it is clear that NVDA and SMCI are going to keep it hitting out of the park…Blimey, looks like everyone and their mother want NVDA GPU, proper data storage and server (SMCI)…as it is clear that every companies worth their salt are going to be questioned what they have done regarding AI!!!