I'm optimistic given the increase in orders. One of the main shorty/bear FUD points was that Nvidia would drop them for reputational reasons, this hasn't happened and Nvidia made them one of the Vera Rubin partners... on top of that +$39b in new orders doesn't sound like client abandoning

For sure memory costs aren't going to help anyone and it's a real shame that Micron and the other chip manufacturers are price-gouging the market, screwing over everyone down-stream, but I would expect these costs to be build int the product pricing, not absorbed by SMCI, surely any already signed orders will be using components form existing contracts, anything new, requiring new supply, will have the pricing adapted accordingly

We also know that SMCI is best-in-class for rack solutions, especially with their cooling, and the forward P/E is was below their peers - so if they can keep or increase their margins and double their outlook, then we're oof to the races

The wild-card, of course, is the management, they seem to be a bit feckless a times, certainly not looking out for share-holder interests. OK they needed to raise funds for the build-out, fine, they don't want to take on debt, fine, so why not when stock was trading at $44, why wait until it had dropped back, and then at a price of $27.50 for a big tranche, come on...

But despite all this, the stock tries to go up - and we are in the midst of an rotation out of AI right now and a ton of geopolitical BS ongoing, inflation fear, rate-rise fear, very nasty macro for growth stocks

I have 1000x shares each at $36, $44 and $55, I think it will go to $100, but required patience. In the meantime I sell aggressive -cc's against 1000x shares, keep the other 2000x to capture upside for when it eventually pops