Excellent, Parkev, excellent analysis of SMCI financial reporting. Since operations are not affected, I will maintain my position in SMCI based on your video. Financial reporting can be fixed quickly, operations that need fixed would be a long term nightmare. Thank you for taking time to inform and educate!
@@chinchowpowpook Could be, but operations unaffected, that's what is important. Hindenburg short attack is a joke. Hope SMCI sues for damages to stock price. Thanks for your comment!
@@kraken415smith8 lawsuit for what? This is not Hidenburg's first rodeo. They will definitely double check and run this report thru their lawyers before publishing it. How many times did Hidenburg get sued and lose the case? Taking Hidenburg to the court will expose more accounting frauds by SMCI. Sorry for your loss. It is hard to invest in a risky company like Enron, I mean, Worldcom, I mean SMCI
Thanks Parkev for the update, holding my position until there is more clarity. For a letter meant to comfort investors, it offered not much comfort. No one ever said investing was for the fainthearted 😊
Don’t worry if you’re a long-term holder. Consider buying this stock because of its potential in AI, ideally between $250 to $400. HR IS DID THE SAME THING FOR SQ..
I won't lie I was thinking of getting in around 800 when it dropped from 1200. That 250-400 seems like a sweet spot. Any speculation it may return to 1200?
@@kurniawanms2 Without SMCI (Super Micro Computer Inc.), NVIDIA GPUs might not perform optimally in certain high-performance computing environments. SMCI specializes in providing robust server and storage solutions that are essential for supporting the massive computational power of NVIDIA GPUs, especially in data centers, AI, machine learning, and scientific computing tasks. NVIDIA GPUs alone are powerful pieces of hardware, but they require an equally capable system architecture, such as those provided by SMCI, to fully utilize their potential. SMCI’s servers are designed to handle the high power, cooling, and data transfer needs that come with deploying multiple NVIDIA GPUs. Without such infrastructure, the GPUs may not deliver their maximum performance or efficiency, which could be seen as limiting their overall potential.
Careful, that was not a communication to shareholders, that would have been subject to further regilation issues. (In my opinioni) To curb panic, SMCI decided to issue a letter to partners and clients. It makes a huge difference (reassuring them concerning their ability to deliver)
I’m waiting until the stock split I’m very interested in the stock but I always play splits cautiously. Hopefully we’ll have more information from management by then.
Great analysis. However, this audit came from the board. Internal controls can be tricky I work for an American Public Traded Company. This CEO risks year in jail and same with other executives. They got hammered on margins and nothing else after the quarter reporting. My take is this: 1. CEO would not have issued a statement at all it incriminates him and the company. 2. He started off by reassuring the company is strong and selling a lot of their product. This came first because companies that lie are not in a position of doing well 3. The CFO has stated that there is no material problems as far as financials. This is taking longer than what most of us would like. I would think by this coming week will have an answer
SO WE SHOULD HAVE A RULE - SAYING THAT PROFITS MADE BY THESE SHORT-SELLERS WHO MAKE THESE ALLEGATIONS - THAT THEY SHOULD PAY BACK ALL THE PROFITS MADE PLUS SOME(BEING PENALTY) IF THE COMPANY PROVES THE ALLEGATIONS OR FALSE, OR IF THE COMPANY STOCK RECOVERS TO OLD LEVELS SAY IN A YEAR'S TIME... EXPERTS CAN EASILY DECIDE ON THESE TERMS - SO THESE HINDENBERGS WILL HAVE TO ACT RESPONSIBLY
If they are clean they must have responded to Hindenburg immediately, not delayed their annual report to raise more suspicion. This smoking gun is hammerings SMCI very badly. I don’t hope for recovery of this stock
... someone picked up they would delay... as grown massively and needed to review controls. Shorter took advantage.. and then looks like its a result... but wasn't. Only a theory... but I'm investing.. sounds like bullshit.
It just doesn't make sense to fully believe the Hindenburg Report. If the report had a wishblower, 100% SMCI is done... but mostly contain known items or easily googled If I was doing a report for 3 months. And found solid evidence of illegal activities, I would absolutely highlight the evidence.... The report basically assumes wrong accounting still continue. 2015 - 2017, SMCI was doing wrong accounting, and the Old CFO was aware. 2020, SMCI was charged with accounting fraud. Fine fee. 2021, SMCI have New CFO 2024, First time ever... doubled revenue
It just doesn't make sense to fully believe the Hindenburg Report. If the report had a wishblower, 100% SMCI is done... but mostly contain known items or easily googled If I was doing a report for 3 months. And found solid evidence of illegal activities, I would absolutely highlight the evidence.... The report basically assumes wrong accounting still continue. 2015 - 2017, SMCI was doing wrong accounting, and the Old CFO was aware. 2020, SMCI was charged with accounting fraud. Fine fee. 2021, SMCI have New CFO 2024, First time ever... doubled revenue
The dip is interesting since I missed to buy this stock before the AI hype started, nevertheless I will not invest since the risk reward ratio is not meeting my criteria. The shortseller is not always right but having seen Wirecard drop like a rock… no thanks.
I would like to believe this is just a few growing pains of a company in rapid growth. It reminds me of TSLA a few years ago and I'm up 1200% in that. Maybe I'll have some short term faith that they're scrambling like squirrels behind the scenes
You are right. I am pretty sure that Buffet bought Apple stock because Tim Cook actually cooked the book and was charged by SEC. He also bought BAC and AXP before because both CEOs were known for their accounting violations. You are GENIUS!
Wats e worst case,1: get a fine for the misconduct and a second drop. Then it will start to pick up again. It’s not new for having material changes due to financials. Look at archer Daniel last quarter, it was down due to e same issues. But now it’s back.
Excellent, Parkev, excellent analysis of SMCI financial reporting. Since operations are not affected, I will maintain my position in SMCI based on your video. Financial reporting can be fixed quickly, operations that need fixed would be a long term nightmare. Thank you for taking time to inform and educate!
Thanks for sharing
Shady account reporting ,,what’s come is legal entanglement
@@chinchowpowpook Could be, but operations unaffected, that's what is important. Hindenburg short attack is a joke. Hope SMCI sues for damages to stock price. Thanks for your comment!
@@kraken415smith8 lawsuit for what? This is not Hidenburg's first rodeo. They will definitely double check and run this report thru their lawyers before publishing it. How many times did Hidenburg get sued and lose the case? Taking Hidenburg to the court will expose more accounting frauds by SMCI. Sorry for your loss. It is hard to invest in a risky company like Enron, I mean, Worldcom, I mean SMCI
@@kraken415smith8Funny you trust a company's words after they lied in 2018 as well and got delisted. Gl.
Great analysis and thanks for all the updates on smci
Any time!
Short selling should be illegal. Nice information
I do too. Delaying filing report on time is a bad sign.
never trust the short sellers, they are evil to stock market
hahaha. tell that to Enron, Bed Bath & Beyond and Worldcom stock holders.
but they success short and make sure them is fake report
Shorting should be banned, it’s a destructive manipulation
Thanks Parkev for the update, holding my position until there is more clarity. For a letter meant to comfort investors, it offered not much comfort. No one ever said investing was for the fainthearted 😊
@@gogokats77 finally one of his viewers with a brain in their head
Very timely and critical update.
Absolutely 💯 puts and calls should be banned.
Thanks for the updates Sir. Please analyze Cyber Security Space and the best stocks
Noted
Meanwhile.. nvidia doing everything right, is losing bad.. 🤯
exactly. what is going on behind the stage?
@@bojankojic108nothing is going on, this is normal behavior in the stock market. When in doubt, zoom out.
Don’t worry if you’re a long-term holder. Consider buying this stock because of its potential in AI, ideally between $250 to $400. HR IS DID THE SAME THING FOR SQ..
I won't lie I was thinking of getting in around 800 when it dropped from 1200. That 250-400 seems like a sweet spot. Any speculation it may return to 1200?
Don't worry if you are long term holder. Keep DCA until it gets to $50. Catching a falling knife is the best strategy of investing
@@kurniawanms2 I understand SMCI is trash, but AI would help..
@@kurniawanms2 Without SMCI (Super Micro Computer Inc.), NVIDIA GPUs might not perform optimally in certain high-performance computing environments. SMCI specializes in providing robust server and storage solutions that are essential for supporting the massive computational power of NVIDIA GPUs, especially in data centers, AI, machine learning, and scientific computing tasks.
NVIDIA GPUs alone are powerful pieces of hardware, but they require an equally capable system architecture, such as those provided by SMCI, to fully utilize their potential. SMCI’s servers are designed to handle the high power, cooling, and data transfer needs that come with deploying multiple NVIDIA GPUs. Without such infrastructure, the GPUs may not deliver their maximum performance or efficiency, which could be seen as limiting their overall potential.
@@kurniawanms2 catching it with grace ** 😊
Careful, that was not a communication to shareholders, that would have been subject to further regilation issues.
(In my opinioni) To curb panic, SMCI decided to issue a letter to partners and clients.
It makes a huge difference (reassuring them concerning their ability to deliver)
Hi man you know how many you prediction go ap stok lumes technologies in 2 years,thank veri much
I’m waiting until the stock split I’m very interested in the stock but I always play splits cautiously. Hopefully we’ll have more information from management by then.
@@Jay3rd313 I agree
thanks for the video. can you please cover NICE stock?
Great analysis. However, this audit came from the board. Internal controls can be tricky I work for an American Public Traded Company. This CEO risks year in jail and same with other executives. They got hammered on margins and nothing else after the quarter reporting. My take is this:
1. CEO would not have issued a statement at all it incriminates him and the company.
2. He started off by reassuring the company is strong and selling a lot of their product. This came first because companies that lie are not in a position of doing well
3. The CFO has stated that there is no material problems as far as financials.
This is taking longer than what most of us would like. I would think by this coming week will have an answer
So, what was that answer, since it’s been several weeks now?
subscribed. thanks for the video.
Thanks for the sub!
I heard they are debating to go for classic action sue. Any information about it?
Have just subscribed, looking forward to more content!
SO WE SHOULD HAVE A RULE - SAYING THAT PROFITS MADE BY THESE SHORT-SELLERS WHO MAKE THESE ALLEGATIONS - THAT THEY SHOULD PAY BACK ALL THE PROFITS MADE PLUS SOME(BEING PENALTY) IF THE COMPANY PROVES THE ALLEGATIONS OR FALSE, OR IF THE COMPANY STOCK RECOVERS TO OLD LEVELS SAY IN A YEAR'S TIME... EXPERTS CAN EASILY DECIDE ON THESE TERMS - SO THESE HINDENBERGS WILL HAVE TO ACT RESPONSIBLY
I am so worried about the clarification of their reports
Thanks Parkev
I bought SMCI back in March '24. I'm wondering if I should fide this out or get out. 🤔
What’s your cost basis?
885
@@Freedom-666 ouch. I’m at 748…. Got caught
I hold mi position, but it's painfull
Enough smoke for a fire here.
If they are clean they must have responded to Hindenburg immediately, not delayed their annual report to raise more suspicion. This smoking gun is hammerings SMCI very badly. I don’t hope for recovery of this stock
It’s way oversold ….all the bad news is already priced in and then some
... someone picked up they would delay... as grown massively and needed to review controls. Shorter took advantage.. and then looks like its a result... but wasn't. Only a theory... but I'm investing.. sounds like bullshit.
I am kind of bullish.. I don't know....
It just doesn't make sense to fully believe the Hindenburg Report. If the report had a wishblower, 100% SMCI is done... but mostly contain known items or easily googled
If I was doing a report for 3 months. And found solid evidence of illegal activities, I would absolutely highlight the evidence....
The report basically assumes wrong accounting still continue.
2015 - 2017, SMCI was doing wrong accounting, and the Old CFO was aware.
2020, SMCI was charged with accounting fraud. Fine fee.
2021, SMCI have New CFO
2024, First time ever... doubled revenue
It just doesn't make sense to fully believe the Hindenburg Report. If the report had a wishblower, 100% SMCI is done... but mostly contain known items or easily googled
If I was doing a report for 3 months. And found solid evidence of illegal activities, I would absolutely highlight the evidence....
The report basically assumes wrong accounting still continue.
2015 - 2017, SMCI was doing wrong accounting, and the Old CFO was aware.
2020, SMCI was charged with accounting fraud. Fine fee.
2021, SMCI have New CFO
2024, First time ever... doubled revenue
During the last 9 years, they seem to be averaging 1 unsettling news event annually.
New CFO starting 2021 : David Weigand
Old CFO case 2020 : Howard Hideshima
Thanks!
Welcome!
Didn't they rehire some people who were caught in a similar situation in 2020?
I avoid that super micro computer
I wish I had!!
I buy it on 885 I got 34 stock I don’t know what to do now
@@Freedom-666 i am in a similar situation.. the stock has gone down by 60% from the time i purchased them
No worries. It will go up. These are short term noises. I think is a very good deal now.
Tipranks forecast for SMCI, 325, 632, 1300
The dip is interesting since I missed to buy this stock before the AI hype started, nevertheless I will not invest since the risk reward ratio is not meeting my criteria. The shortseller is not always right but having seen Wirecard drop like a rock… no thanks.
I would like to believe this is just a few growing pains of a company in rapid growth.
It reminds me of TSLA a few years ago and I'm up 1200% in that.
Maybe I'll have some short term faith that they're scrambling like squirrels behind the scenes
👍
"be fearful when others are greedy, and be greedy when others are fearful."
Warren Buffet
Yeah but Buffet isn’t greedy with companies that can’t file their shit on time.
You are right. I am pretty sure that Buffet bought Apple stock because Tim Cook actually cooked the book and was charged by SEC. He also bought BAC and AXP before because both CEOs were known for their accounting violations. You are GENIUS!
@@kurniawanms2 when did BAC and Apple not file their 10-K?
@@kurniawanms2 when did BAC and Apple not file the 10-K?
Wats e worst case,1: get a fine for the misconduct and a second drop. Then it will start to pick up again. It’s not new for having material changes due to financials. Look at archer Daniel last quarter, it was down due to e same issues. But now it’s back.
Stark Row
Are they still going ahead with their stock split
why, to be a 40.00 stock,,?
30 pretty soon with that Death Cross looming
Schinner Hill
Man this stock just keeps dropping… I’m bullish for it but looking at the charts it really sucks.
Doyle Hills
So are they going to report ever? 😂 November?
Clovis Courts
This will drop another 30%.
Fiona Ford
if success them still meet the margin lower and the tesla coreweaver is run away from smci
Could this be Wirecard 2.0 ?
Absolutely not.
there is a history with SMCI... 6 big customers moving away from them
news? where?
@@yldrmcshe doesn’t know what he’s talking about 😂
Tesla dumped them and decided to go with Dell due to crappy product
Elon partner with both Dell and SMCI @michaelgong3939
yep, nvidia is move away and make more new pathership like dell , hpe, and now foxconn , when the foxconn come all the margin is valuless
look up the company financials, its public information, its horrible
@@spelare98 what’s horrible about it?