Super Micro Computer, Inc. (SMCI) has outperformed market expectations with its latest financial results and stock market performance. The company's earnings beat forecasts by $0.54 and revenue projections were surpassed. SMCI's Q3 guidance anticipates EPS and revenues above consensus, and the FY24 revenue guidance has been raised to $14.3-$14.7 billion, indicating a 35%-40% increase from the prior $10-$11 billion estimate. This new guidance significantly exceeds the FactSet Consensus of $11.34 billion. The stock price soared to new all-time highs after hours, crossing $518. The company's success is attributed to robust demand for NVIDIA GPUs and the AI industry's expansion, which is predicted to continue driving demand. Institutional investors are largely bullish on SMCI, with about 68% of holders, including a new position from Joseph DiMenna's Zweig-Dimenna, showing confidence as of the end of Q4. The PE ratio stands at 44, and there has been notable buying in 720 calls. The implied move is around +9.3%, with the GIG indicator suggesting a +5% change. The company has seen stellar revenue growth, with a significant price increase of 30 points noted recently. There's talk of a potential gap and fade, but the overall trend is positive with expectations for Q3 revenue between $3.7 billion and $4.1 billion. The AI-driven demand is projected to last for years, and the stock's current performance echoes a similar surge experienced in January 2023. A conference call highlighted the company's customer growth and the long-term outlook for AI demand. The 2024 price target of $450 has already been met, with the stock approaching $570.
$SMCI Latest #13F data shows ~68% of institutional holders are bullish ones, who bought shares as of 12/31.👇🏼 Joseph DiMenna's Zweig-Dimenna is a new buyer who initiated a new position in Q4. $SMCI's rising price correlates to the rise of institutional holders very closely. See… https://t.co/g21xpmPHEj https://t.co/FlpxYxcgJQ
$SMCI Latest #13F data shows ~68% of institutional holders are bullish ones, who bought shares as of 12/31.👇🏼 Joseph DiMenna's Zweig-Dimenna is a new buyer who initiated a new position in Q4. $SMCI's rising price correlate to the rise of institutional holders very closely. See… https://t.co/aX6tZ09DOa https://t.co/FlpxYxcgJQ
$SMCI years of demand due to AI https://t.co/XDdndOW1HX
$SMCI conference call summary: We continued to gain new customers during the quarter, but our largest customers made up a bigger percentage of our revenue. The AI boom will continue for many quarters if not many years, and we see years and decades of demand. We have a large and… https://t.co/Adt7q4EUai
$SMCI $450 hit already for 2024 PT, almost getting to $570👇 Similar thing happened last Jan 2023 - We hit levels within a month https://t.co/AEoCFmTtpI
$SMCI can we go back and buy it at $79 a year ago https://t.co/OaA7rGAoVC
$SMCI FY increased by 35%-40% thats insane from $10-11Bn https://t.co/TRnxPVseuB
$SMCI Q3 expected $3.7bn to $4.1Bn revenue Fiscal Year ending June '24 - expected revenue 14.3Bn to $14.7Bn
Shared this in service 4 min ago. Monster Went 30 points higher wow $smci https://t.co/QcIDQre16E
$SMCI raises guidance for FY24, sees FY24 revs of $14.3-$14.7 bln vs. $11.34 bln FactSet Consensus, up from prior guidance of $10-$11 bln
Super Micro Computer beats by $0.54, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY24 revs guidance above consensus $SMCI
$SMCI flying AHs $518+ new ATHs https://t.co/kTNmJsDrIK https://t.co/dFFyDhxqxP
Crazy beat + guidance $SMCI https://t.co/UeeDZqMGpA
$SMCI gap and fade? Reset of recent run up will be healthy for potential better risk/reward buy
We cracked open the $SMCI 10-K to learn more about this company that's seen some rather stellar revenues growth on the back of demand for NVIDIA GPUs. https://t.co/sdWAhZRqds
$SMCI earnings after hrs. Already had a HUGE move last week on prelim results. Implied move today -\+ 9.3% or so. What say u happens after hrs? If I had to use my GIG indicator (Guts, Intuition, Guessing) I would say just +5%.
$SMCI They are buying some of the 720 calls. Shit why not at this point lol.
$SMCI bears need to realize the PE is 44, not 84
ER day for $SMCI LFG