Super Micro Computer Inc (SMCI) Options

xAI, Elon Musk's AI startup, has shifted all AI server orders from troubled Supermicro to Dell, reports UDN.com.

https://www.msn.com/en-gb/money/other/elon-musk-s-xai-reportedly-shifts-6-billion-ai-server-order-from-troubled-supermicro-to-its-rivals/ar-AA1ujJ2K

https://money.udn.com/money/story/5612/8366479?from=edn_maintab_index

https://www.google.com/search?q=xai+shifts+orders+to+dell&rlz=1C1RXMK_enUS1056US1056&oq=xai+shifts+orders+to+dell&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIGCAEQRRhB0gEJMTMyNjJqMGo0qAIAsAIB&sourceid=chrome&ie=UTF-8

What I learned about cornered rats from G. Gordon Liddy…they attack and go for the throat. I don’t think this will be a smooth ride to $200 if what you say is true about the short numbers. Maybe $50 will be easy enough. We’ll see.

SUPER MICRO’S SECOND CHANCE OR NASDAQ’S NEXT SCANDAL?

https://justdario.com/2024/11/super-micros-second-chance-or-nasdaqs-next-scandal/

Thanks, made a nice profit and got out. Just watching to see what NVDA does and then trade accordingly. I believe we're in Irrational Exuberance big time but that doesn't mean they will end that anytime soon. Too many have been expecting a pull back but the amount of NVDA bulls also feels way too many so we will see how this week plays out.

All barring on what NVD*A will say during earnings call tomorrow after hours.

NVDA sells their own liquid cooled servers...

are you sure about that price?...

No insiders have spent any of their own

money to buy shares in filings that were

either for Directors fees or insider bonuses...


so we watch...LJ

Here is another one. Maybe they haven't traded long enough and never saw the volume on GM*E and AM*C in the early stages. Validation and after another validation.

"I’ve just never seen a company have a QUARTER BILLION in volume and just trade sideways….. something’s off."

I had the chuckle at this one for a bit, just a validation that some traders in this arena have no concept how a short squeeze happens, they happen over time, not in one day, it is like any other process that takes time to overcome them, there is no reason for this to have to have a short squeeze in one day and shorted back down again with new short position. G*ME had a process and so did AM*C and both of them took over 3-4 months for the squeeze to happen and so will SMCI, but with SMCI will be sooner, the fundamentals are unmatched compared to the former meme stocks. Who knows, SMCI might even have VW gamma squeeze, let the process work its way, the shorts have been given warning to cover and due time if they don't this slow torture is going to roast them.

"Slightly disappointing day but only depending on context. Any other situation and you'd be thrilled to be up 7 dollars a share.

I guess we are all a little surprised we didn't see a short squeeze here, and maybe we won't until we hear from the new auditor?

I also think there is a general idea that Nvidia will push the entire NASDAQ down tomorrow and that would give an opportunity for shorts to cover her without getting killed.

One thing is for sure, this is going up, I'd say 40 by year end is not unrealistic or overly bullish."
Bullish

Damn strong feeling for this one.

"Super Micro said its securities will remain listed pending Nasdaq’s review of the plan, citing the exchange’s rules. A person familiar with the matter told Barron’s that it should take the Nasdaq about two weeks to review what has been sent over."

CEO bought $35M(!!!!) somewhere between $30-40/share on Oct 30th, do you think he did it to break even? The inevitable moon landing is upon us, 6-9 months massive run.

Close to 100 million shares shorted, one awesome news will send it.

Let me be clear, no insider will buy if this ticker was destined to be delisted. Last buys were November 10th..... SMCI will be moon landing to 200 sometime September-October next year.

With expansion facilities in Malaysia and Taiwan, and San Jose, Supermicro stock target for 2025 will be $200!

40 this week with NVD*A beating.

32 tomorrow.

Buy SDOW before NVDA crashes market

on Thursday...

Make enough to pay off all

lawsuits in one day...

so we watch...LJ

With cash hoard SMCI has in the books, what would be a good move by the company.

1. Buy Bitcoin
2. Buy back stock
3. Buy small competition
4. All of the above

Thank you for sharing that.

SuperMicro at SC24....

SC24, or Supercomputing 2024, is like the Woodstock of the high-performance computing world, only with fewer tie-dye shirts and more teraflops. It's an annual conference where the cream of the HPC (High Performance Computing) community gathers to geek out over the latest in computing power, networking, storage, and analysis. This year, it's taking place in Atlanta, where attendees will likely be discussing everything from quantum computing to why their coffee machine at home doesn't work as fast as the supercomputers they're showcasing.

Imagine a place where the term "flops" doesn't refer to a failed attempt at a high-five, but rather floating-point operations per second. Here, you'll find an eclectic mix of scientists, engineers, researchers, and programmers, all united in their quest for computing enlightenment, or at least a better way to model climate change or simulate the universe's expansion.

And let's not forget, SC24 is also where the future of AI might be debated upon, with folks pondering whether machines will ever understand the true art of sarcasm, or if they'll just keep trying to serve us even more irrelevant ads.

UDN.com broke story on orders from XAi shifting...

https://www.networkworld.com/article/3608660/musks-xai-shifts-ai-server-business-from-struggling-supermicro-to-dell.html

Actual story in Taiwan was made as

an update for investors in Taiwan

related companies there...

It could have merit for that reason...

Post on X on the topic on 18th is

still up...


so we watch...LJ

SMCI around 20 is about 10 forward p/e on

.50/share current quarter earnings...

If they hit revenue marks and don't

have higher unexpected expenses...

DELL a little higher on forward p/e...

HPE still lower on forward p/e than 10...

DELL and HPE both have higher revenues

on a more diversified revenue base...

Unknown higher expenses may be the

problem short term under a year...

X biz is a low margin biz either way...

Fly crews across country, pay them to stay

there and payroll, and pay them per diem...



so we watch...LJ

You just can't fight the trend, the trend and the tape is telling you a beautiful story. This will hit big numbers, just need to get nickel and dime trade out of you conditioned mind set. Big numbers coming this way.

watch for nvidia@ earnings tomorrow, will also give this a push barring no surprises.

https://ir.supermicro.com/news/news-details/2024/Supermicro-Showcases-Largest-Portfolio-of-HPC-Optimized-Multi-Node-Systems-at-SuperComputing-2024/default.aspx

nice little dip opp in morning to trade, if wasn't for geo political tension would be higher today.

hide n burg er

It looks like the plan from X all along was to have Super Micro build 1/2 the servers and Dell build the other 1/2:

https://x.com/StockMKTNewz/status/1803429419765141633

Good night, need to catch up with some sleep. Keep me posted.

Critical Audit Matter Description that Deloitte highlighted

gets a third pair of eyes...

page 51 in 2023 10K filing...

https://www.otcmarkets.com/filing/html?id=16892625&guid=gmY-kFtjc_XiIVh#SMCI-20230630_HTM_icac7281ee66a4bc980041b3207ca2865_148

Deloitte Audit was basis of SMCI

getting up listings in 2024...

Inventory that becomes obsolete with tech

evolving so fast must be written down then

and reduces the net earnings...

SMCI has been using a constant basis from

appearances on that subject...

10Q filing link from 03/30/2024...

https://www.otcmarkets.com/filing/html?id=17511383&guid=gmY-kFtjc_XiIVh

SMCI had about 1.4 billion of inventory to

end the 06/30/2023 quarter,,,fiscal year end...

then came the rapid advances of Ai

and new products...

Nine Months Ended
March 31,
2024 2023
OPERATING ACTIVITIES:
Net income $ 855,422 $ 446,429
Reconciliation of net income to net cash (used in) provided by operating activities:
Depreciation and amortization 29,174 25,932

The depreciation didn't change much from

03/31/2023 for nine months versus the

nine months ended 03/31/2024...

This could be an area where EY chose to

probe more and didn't get answers that

they felt ok with...

Maybe SMCI are magicians and never had

a need to depreciate or write down more

inventory as tech changes accelerated...

BDO can perform an Independent Audit

and add as many pages of Critical Disclosures

needed for the public review...

And SMCI will need to file that 10K then as

things are found to look since they could

be near the end of a timeline extension...

If Deloitte saw it as a Critical Matter then

it is good to be slower on the trigger until

another Auditor reveals their results...

Cash, sales, loans, inter company dealings

are easier to track...

An outside Auditor may need more assistance

to review how the older inventory moves or

whether it is out of date and should be recorded

as a charge against earnings...

Just something to watch as the Ai appears in a

little stall mode now anyway...

Old inventory in tech is like an oil company

spending to drill a dry well and has to be

accounted for timely and correctly...


So we watch...LJ

They couldn't have played this any better. Shorts are going roast slowly without mercy. Asians are the best when it comes to bluff. I can confidently say, Hindenburg barked on the wrong tree 6 billion dollar revenue generating that is. Hindenburg stand to lose big on this venture, just hope for their sake at least they hedged against their own bet, someone is going to make them pay big with FTD? Believe me, when FTD happens, you are dealing with much upside, we just don't know when.

Waiting for the last hr for a press release with an auditor has its advantages.
1) The element of surprise to the funds that were short on the stock. It's kind of like Montezuma's revenge, get it!
2) Leaked the rumor out to drive the price up and release the actual statement to drive it up again-Genius.
3) Make shorts believe there were no press release till after market is a great strategy
Bottom line is they outplayed those that try to gauge the game by shorting smci.

Predicting SMCI will have 60-75 thousand watchers on Stocktwits between April and June, that is actually when the fun will start to 200 dollars.

50 dollars slow grind all the way to 200 dollars in due time. I feel like Hindenburg Rotisserie.

https://www.cityam.com/bdo-wins-biggest-international-audit-client-replacing-big-four-firm-kpmg/

https://ir.supermicro.com/news/news-details/2024/Supermicro-Delivers-Direct-Liquid-Optimized-NVIDIA-Blackwell-Solutions/default.aspx

SMCI still has a lot misinformed flippers that are nickel and dime traders. People are still misunderstanding the situation. The company, the internal review committee, EY, and I have all confirmed that something occurred. Recently, the CFO clarified in a Twitter post that it’s a governance issue, not an accounting one, which aligns with EY’s concerns. According to the internal review committee, there is no evidence of fraud or misconduct.
Before engaging, BDO must have reviewed EY’s concerns with the company and likely reached an agreement. Additionally, the internal review report has already outlined suggested remedies, which the company plans to implement.

They just hired them LJ, what do you want them to say? "Oh!!! we knew that the previous auditor was going to quit because we are hard headed Asians, but instead we hired BDO way before this 8K"

Give it up bud, you can't fight the tape, just like you should never force a trade. Bottom line, there is going to be up days and down days, I am here until my price target is reached within the time frame I am looking at, again this is not a day trade and yes, I have that luxury fortunately. I am sitting on others too, here I have 180,000 dollars sitting on Delfin and have been sitting on there for 2.5 years and not sweating bullets either. This is going to go where it deserves, up, down, sideways, doesn't tickle me, the buck won't stop even at 50....60....70....80. Too big to fail.

40 million volume after hours, 300 million tomorrow. FOMO will kick in after Nasdaq extension and that will likely not be here until audit is completed and presented, so with that said it could be next month or end of February. Regardless this is a good hold until 100...200...or 10% of NVD*A valuation is met 300 billion.

During the fiscal years ended June 30, 2024 and 2023 and the subsequent interim periods through November 18, 2024, neither the Company nor anyone on its behalf has consulted with BDO regarding: (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that BDO concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; (ii) any matter that was the subject of a “disagreement” within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions; or (iii) any “reportable event” within the meaning of Item 304(a)(1)(v) of Regulation S-K.

https://www.otcmarkets.com/filing/html?id=17984736&guid=gmY-kFtjc_XiIVh

No peeking allowed before taking the

auditor position...

so we watch...LJ

https://kylevallans.bearblog.dev/finding-asymmetry-in-chaos-smcis-turnaround-play/

https://x.com/PiQSuite/status/1858443105998954917

https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musks-xai-reportedly-shifts-usd6-billion-ai-server-order-from-troubled-supermicro-to-its-rivals

It took 5 days before hearing about

an auditor resignation...

An 8-k on losing a huge contract to

lower quarterly revenue guidance isn't

a sure thing if true...

Taiwan news broke the story and that

link hasn't come off X yet on Monday...

Which may mean nothing...


so we watch...LJ

nice congrats guys

Just now I added some !!!!
SMCI

hidenburger: rare 35 medium45 well done65

5 minutes left for Se La Ve to Robinhookers.

Huge inflow, PLT*R and TSL*A investors are piling in and everyone else in the mix.

All good, my personal price target is $200, will sell some between 120-150, time frame is 6-9 months, maybe we even hit those targets by Feb-March, it has all the ingredients to make it happen sooner than expected and I will make my million plus like I did with AM*C, but longer wait though, which I don't mind. I am adamantly committed to stay the course and no way rushing this trade. It will happen. Glad you are happy with this trade bud.