Bulls vs. Bears: What’s next for SMCI?
Contributor since / Followers
Bet_Noire
One of the most discussed stocks on Wall Street has been shares of Super Micro Computer (NASDAQ:SMCI) which have shown some signs of promise over the past two weeks after the stock collapsed from its once record trading high earlier in the year.
Shares of the California headquartered SMCI have popped higher by 89.2% over the past couple of weeks dating back to the stocks November 15 low of $17.25 a share. While SMCI currently is trading near $32.64, its still down noticeably from its 2024 high point of $122.90 a share which was recorded back on March 8.
But what’s next for the stock? See below what some of Seeking Alpha’s bulls and bears have to say about SMCI.
The Bulls
SA Analyst Justin Ward stated: “SMCI’s core business in high-performance servers and cloud computing remains strong, with key customers like Nvidia, AMD, and Intel.” In Super Micro Computer: Bears Run For Cover, As Bulls Pull The Trigger (Technical Analysis)
Analyst Silviu Manole said: “Super Micro Computer is undervalued with a fair value of $70.05 per share, implying an 84% increase,” in Super Micro Computer: Accounting Concerns Create Buying Opportunity.
The Bears
Analyst Kumquat Research indicated: “Super Micro Computer is up nearly 100% over the last two weeks…. The risks here remain more prominent than the reward, in my opinion, and investors should consider capitalizing on these recent gains to make an exit,” in Super Micro Computer: The Dead Cat Bounces, Here’s Your Exit.
SA Analyst On the Pulse said: “Preliminary 1Q25 earnings showed disappointing net sales growth and missed forecasts, further eroding confidence in the company’s financial health,” in Super Micro Computer: Why I Am Downgrading To Sell.
Diversification
For a more diversified approach to SMCI investors can always look towards exchange traded funds as the tech stock sits inside of 213 listed funds. Listed below are the top five ETFs with the largest portfolio allocations towards SMCI: