Super Micro Computer: Bears Run For Cover, As Bulls Pull The Trigger (Technical Analysis)
Portfolio Pulse from
Super Micro Computer (SMCI) experienced a significant price drop from $120 to $17 after a previous rise from $35. The company's core business in high-performance servers and cloud computing remains strong, with key customers like Nvidia, AMD, and Intel.
November 29, 2024 | 6:15 pm
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Super Micro Computer's stock price dropped significantly from $120 to $17, but the company's core business remains strong with major clients like Nvidia, AMD, and Intel.
The significant drop in SMCI's stock price suggests a potential buying opportunity as the company's core business remains strong. The presence of major clients like Nvidia, AMD, and Intel indicates stability and potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100