Super Micro Computer Stock (NASDAQ: SMCI)

Super Micro Computer Stock (NASDAQ:SMCI), Trade Ideas

Super Micro Computer

Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.

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Super Micro Computer, Inc. - Common Stock

Super Micro Computer Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$180.00</td>
<td>$47.4K</td>
<td>21.3K</td>
<td>73.4K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$900.00</td>
<td>$62.4K</td>
<td>8.3K</td>
<td>41.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$160.00</td>
<td>$51.4K</td>
<td>21.5K</td>
<td>7.4K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$28.00</td>
<td>$689.9K</td>
<td>11.3K</td>
<td>6.5K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$150.00</td>
<td>$35.5K</td>
<td>10.9K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$360.00</td>
<td>$35.9K</td>
<td>2.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/24/24</td>
<td>$430.00</td>
<td>$126.0K</td>
<td>910</td>
<td>1.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$820.00</td>
<td>$90.5K</td>
<td>431</td>
<td>1.3K</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$350.00</td>
<td>$31.4K</td>
<td>1.3K</td>
<td>809</td>
</tr>
<tr>
<td>ARM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$109.00</td>
<td>$68.5K</td>
<td>442</td>
<td>480</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on May 10, 2024. Parties traded 845 contract(s) at a $180.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $47.4K, with a price of $56.0 per contract. There were 21326 open contracts at this strike prior to today, and today 73431 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on May 10, 2024. This event was a transfer of 24 contract(s) at a $900.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $62.4K, with a price of $2600.0 per contract. There were 8312 open contracts at this strike prior to today, and today 41388 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on May 17, 2024. Parties traded 210 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $51.4K, with a price of $245.0 per contract. There were 21519 open contracts at this strike prior to today, and today 7448 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a put option trade that happens to be bullish, expiring in 136 day(s) on September 20, 2024. This event was a transfer of 6000 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $689.9K, with a price of $115.0 per contract. There were 11362 open contracts at this strike prior to today, and today 6542 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bullish sentiment. It expires in 45 day(s) on June 21, 2024. Parties traded 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $355.0 per contract. There were 10944 open contracts at this strike prior to today, and today 1601 contract(s) were bought and sold. 
• For PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we notice a call option trade that happens to be bearish, expiring in 45 day(s) on June 21, 2024. This event was a transfer of 59 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $35.9K, with a price of $610.0 per contract. There were 2130 open contracts at this strike prior to today, and today 1502 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bullish sentiment. It expires in 17 day(s) on May 24, 2024. Parties traded 750 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $126.0K, with a price of $168.0 per contract. There were 910 open contracts at this strike prior to today, and today 1480 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bearish sentiment. It expires in 3 day(s) on May 10, 2024. Parties traded 55 contract(s) at a $820.00 strike. The total cost received by the writing party (or parties) was $90.5K, with a price of $1646.0 per contract. There were 431 open contracts at this strike prior to today, and today 1372 contract(s) were bought and sold. 
• Regarding MDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on May 10, 2024. Parties traded 77 contract(s) at a $350.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $402.0 per contract. There were 1308 open contracts at this strike prior to today, and today 809 contract(s) were bought and sold. 
• Regarding ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on May 10, 2024. Parties traded 100 contract(s) at a $109.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $68.5K, with a price of $685.0 per contract. There were 442 open contracts at this strike prior to today, and today 480 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

INTC

MSFT

PANW

10 Information Technology Stocks Whale Activity In Today's Session

Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $329,452, and 10 were calls, valued at $412,292.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $720.0 to $1500.0 for Super Micro Computer over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 700.64 with a total volume of 993.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Super Micro Computer's big money trades within a strike price range of $720.0 to $1500.0 over the last 30 days.
<h3>Super Micro Computer Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715089676_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$96.5</td>
<td>$94.0</td>
<td>$96.5</td>
<td>$820.00</td>
<td>$144.7K</td>
<td>59</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$30.5</td>
<td>$29.0</td>
<td>$29.0</td>
<td>$850.00</td>
<td>$116.0K</td>
<td>1.8K</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$685.7</td>
<td>$672.2</td>
<td>$677.82</td>
<td>$1500.00</td>
<td>$67.7K</td>
<td>2</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$290.2</td>
<td>$287.0</td>
<td>$287.0</td>
<td>$1000.00</td>
<td>$57.4K</td>
<td>79</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$11.8</td>
<td>$11.0</td>
<td>$11.48</td>
<td>$850.00</td>
<td>$47.0K</td>
<td>2.4K</td>
<td style="text-align: right;">106</td>
</tr>
</tbody>
</table>

<h3>About Super Micro Computer</h3>
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
In light of the recent options history for Super Micro Computer, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Super Micro Computer</h3>
<ul>
<li>With a volume of 264,947, the price of SMCI is down -2.18% at $812.25. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Super Micro Computer with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Markets

Check Out What Whales Are Doing With SMCI

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$920.00</td>
<td>$27.9K</td>
<td>8.8K</td>
<td>36.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$20.00</td>
<td>$33.0K</td>
<td>6.7K</td>
<td>21.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$21.00</td>
<td>$34.9K</td>
<td>6.4K</td>
<td>20.0K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$18.00</td>
<td>$30.0K</td>
<td>3.1K</td>
<td>3.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$825.00</td>
<td>$25.0K</td>
<td>282</td>
<td>1.2K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$27.4K</td>
<td>7.8K</td>
<td>603</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$114.00</td>
<td>$30.0K</td>
<td>1.0K</td>
<td>602</td>
</tr>
<tr>
<td>BILL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$60.00</td>
<td>$55.5K</td>
<td>1.1K</td>
<td>488</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$1300.00</td>
<td>$117.8K</td>
<td>424</td>
<td>421</td>
</tr>
<tr>
<td>COHR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$57.00</td>
<td>$35.0K</td>
<td>27</td>
<td>402</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on May 10, 2024. This event was a transfer of 16 contract(s) at a $920.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $1745.0 per contract. There were 8852 open contracts at this strike prior to today, and today 36252 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on May 10, 2024. Parties traded 200 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $165.0 per contract. There were 6708 open contracts at this strike prior to today, and today 21665 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on May 10, 2024. Parties traded 945 contract(s) at a $21.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $37.0 per contract. There were 6476 open contracts at this strike prior to today, and today 20008 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on May 17, 2024. Parties traded 200 contract(s) at a $18.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 3178 open contracts at this strike prior to today, and today 3419 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on May 10, 2024. Parties traded 10 contract(s) at a $825.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 282 open contracts at this strike prior to today, and today 1270 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bullish sentiment. It expires in 319 day(s) on March 21, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $137.0 per contract. There were 7855 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option trade with bullish sentiment. It expires in 25 day(s) on May 31, 2024. Parties traded 100 contract(s) at a $114.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 1009 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• For BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>), we notice a put option trade that happens to be neutral, expiring in 46 day(s) on June 21, 2024. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $55.5K, with a price of $555.0 per contract. There were 1184 open contracts at this strike prior to today, and today 488 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on May 10, 2024. Parties traded 50 contract(s) at a $1300.00 strike. The total cost received by the writing party (or parties) was $117.8K, with a price of $2357.0 per contract. There were 424 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• For COHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), we notice a put option sweep that happens to be neutral, expiring in 11 day(s) on May 17, 2024. This event was a transfer of 100 contract(s) at a $57.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $351.0 per contract. There were 27 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

BILL

CLSK

COHR

DELL

MARA

PLTR

Super Micro Computer's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NYSE">SMCI</a>) short percent of float has fallen 23.03% since its last report. The company recently reported that it has 3.10 million shares sold short, which is 6.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Super Micro Computer Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715008511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Super Micro Computer has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Super Micro Computer's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Super Micro Computer's peer group average for short interest as a percentage of float is 6.29%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(SMCI) - Analyzing Super Micro Computer's Short Interest

These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion, missing the consensus of $89.21 billion, and adjusted EPS of $1.31 <a href="https://www.benzinga.com//node/38549660" target="_blank" rel="noreferrer noopener">missed the consensus of $1.69m and cut FY24 guidance</a>. Several analysts <a href="https://www.benzinga.com//node/38582839" target="_blank" rel="noreferrer noopener">trimmed the price target</a>.</li>
<li>Skyworks Solutions, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares plummeted 16.8% after the company reported&nbsp;Q2&nbsp;financial results and issued&nbsp;Q3&nbsp;revenue&nbsp;guidance&nbsp;with&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38536220" rel="noreferrer noopener">the midpoint below estimates</a>. Several analysts cut the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549218" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Starbucks Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares decreased 15.2% following worse-than-expected earnings&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38534321" rel="noreferrer noopener">results for the&nbsp;second quarter of FY24</a>. Multiple analysts lowered price targets on the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549288" rel="noreferrer noopener">stock&nbsp;following the release</a>.</li>
<li>Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are down 14.4% after the company posted mixed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38555359" rel="noreferrer noopener">third-quarter&nbsp;financial results</a>. Few analysts cut and&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SMCI/analyst-ratings" rel="noreferrer noopener">boosted the price target</a>.</li>
<li>Bruker Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKR#NASDAQ">BRKR</a>) shares decreased 13.8% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38577397" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;revenue miss</a>.</li>
<li>Stellantis N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares declined 13.5% after the company reported&nbsp;a&nbsp;12%&nbsp;decrease in first-quarter&nbsp;net revenues and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38515774" rel="noreferrer noopener">a&nbsp;10%&nbsp;reduction in consolidated shipments</a>.&nbsp;</li>
<li>DoorDash, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) shares declined 13.5% after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38565879" rel="noreferrer noopener">mixed&nbsp;Q1&nbsp;financial results</a>. Most analysts trimmed the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/dash/analyst-ratings" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Centrais Electricas Brasileiras&nbsp;S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>) shares were down 13.5%.</li>
<li>MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares dived 12.7% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38503135" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;financial results</a>.</li>
<li>GE&nbsp;HealthCare&nbsp;Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) shares declined 12.5% after it reported&nbsp;first-quarter&nbsp;sales of&nbsp;$4.6 billion, which&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38525477" rel="noreferrer noopener">missed the&nbsp;consensus of&nbsp;$4.8 billion</a>. Some analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/gehc/analyst-ratings" rel="noreferrer noopener">reduced the price target</a>.</li>
<li>The Carlyle Group Inc.&nbsp;(NASDAQ:&nbsp;CG) shares decreased 12.4% after the company reported&nbsp;Q1&nbsp;financial results.</li>
<li>Global Payments Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares were down 11.3% after it reported&nbsp;Q1&nbsp;financial&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38558593" rel="noreferrer noopener">results and issued&nbsp;guidance</a>.</li>
<li>Banco Bilbao Vizcaya Argentaria S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) shares declined 11.3% after reporting first-quarter FY24 results. The company reportedly confirmed its intention to start talks with Sabadell on a potential merger.</li>
<li>CDW Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares declined 11.2%&nbsp;after the company reported worse-than-<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">expected&nbsp;Q1&nbsp;financial results</a>. Analysts trimmed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>APA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) shares are down 10.8% after it reported worse-than-expected&nbsp;Q1&nbsp;earnings and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38564165" rel="noreferrer noopener">APA revised FY24&nbsp;guidance</a>.&nbsp;</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38633878/which-large-cap-stocks-are-winning-this-earnings-season-15-stocks-to-watch-april-28-may-4-2024">Which Large Cap Stocks Are Winning This Earnings Season: 15 Stocks To Watch (April 28-May 4, 2024)</a>
Photo: Shutterstock

Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) has outperformed the market over the past 15 years by 26.31% on an annualized basis producing an average annual return of 38.49%. Currently, Super Micro Computer has a market capitalization of $45.93 billion. 
Buying $1000 In SMCI: If an investor had bought $1000 of SMCI stock 15 years ago, it would be worth $130,232.95 today based on a price of $784.50 for SMCI at the time of writing.
<h3>Super Micro Computer's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714770024_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $130 Thousand Today

Semiconductor company Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is currently the subject of contrasting opinions among <a href="https://www.benzinga.com/topic/reddit">analysts and Reddit users</a>. 
Analysts are bullish, with a consensus price target of <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">$949.36 a share</a>. They maintain a <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">consensus rating of &#8220;Buy&#8221;</a> for Nvidia, with the most recent ratings citing a potential upside of 31.50% from the current price.
However, observers of the stock on Reddit predict a drop to $800. They cite market trends and supply chain issues faced by other semiconductor companies as reasons for the bearish take.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="629" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084200/Screenshot-2024-05-03-at-4.47.48-PM.png" alt="" class="wp-image-321387" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084200/Screenshot-2024-05-03-at-4.47.48-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084200/Screenshot-2024-05-03-at-4.47.48-PM-300x216.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
Positive analyst sentiment is supported by Nvidia&#8217;s strong technical indicators, including trading above its key moving averages (see chart above) and experiencing buying pressure, which are considered bullish signs.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="629" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084242/Screenshot-2024-05-03-at-4.49.06-PM.png" alt="" class="wp-image-321395" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084242/Screenshot-2024-05-03-at-4.49.06-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084242/Screenshot-2024-05-03-at-4.49.06-PM-300x216.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></figure>
<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<ul>
<li>The oscillators are signalling bullishness. Nvidia stock&#8217;s price has moved to upper (bullish) Bollinger Band from the lower (bearish) one.</li>
<li>The Moving Average Convergence Divergence (MACD) line, though a negative currently (-1.74), can be seen to have crossed over the signal line (viz. -3.65) &#8211; signalling potential change in market momentum towards being bullish.</li>
<li>The Relative Strength Index (RSI) at 51.77, has been resting in the Neutral territory (&lt;30 and &lt;70) for some time now- shying away from giving out any solid market signal.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/news/24/05/38612766/nvidias-cloud-gaming-evolution-streamline-geforce-now-and-anticipate-xbox-support-on-steam-deck">Nvidia&#8217;s Cloud Gaming Evolution: Streamline GeForce Now and Anticipate Xbox Support on Steam Deck</a>
<h3 class="wp-block-heading">Reddit Users&#8217; Contrarian View Of Nvidia</h3>
Redditors, such as user rayrayrex on r/wallstreetbets, are bearish on Nvidia&#8217;s short-term prospects. 
&#8220;NVDA will drop to 800,&#8221; the Reddit user said.
<blockquote class="wp-block-quote">The supply chain constraints that SCMI and AMD attributed to their less than stellar results are the same issues that NVDA will have been facing when they report their results. Ergo they will miss either revenue, eps, or guidance going forward
<cite>Redditor <a href="https://www.reddit.com/r/wallstreetbets/comments/1ci0k60/nvda_will_drop_to_800_tomorrow_because/">rayrayrex</a></cite></blockquote>
Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCMI#NASDAQ">SCMI</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) face supply chain constraints and market expectations regarding Federal Reserve policy. This could lead to a bearish trend for Nvidia.
The contrasting viewpoints on Nvidia highlight the complexity of stock market analysis. 
While analysts base their recommendations on fundamental and technical analysis, Reddit discussions reflect market sentiment and short-term speculation. Investors should consider a range of factors and conduct their own research before making investment decisions.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38594177/semiconductor-stocks-pop-after-fed-meeting-and-strong-numbers-from-this-chip-maker">Semiconductor Stocks Pop After Fed Meeting And Strong Numbers From This Chip-Maker</a>
Image: Shutterstock

Nvidia Stock: Analysts Are Bullish, While Reddit User Predicts 'NVDA Will Drop To 800'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$850.00</td>
<td>$207.8K</td>
<td>6.9K</td>
<td>47.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$750.00</td>
<td>$28.3K</td>
<td>1.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$210.00</td>
<td>$71.9K</td>
<td>14.1K</td>
<td>4.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$143.00</td>
<td>$25.3K</td>
<td>985</td>
<td>3.0K</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$85.0K</td>
<td>5.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$400.00</td>
<td>$49.5K</td>
<td>5.1K</td>
<td>746</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$305.00</td>
<td>$25.7K</td>
<td>253</td>
<td>539</td>
</tr>
<tr>
<td>MAXN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.00</td>
<td>$43.2K</td>
<td>5.8K</td>
<td>537</td>
</tr>
<tr>
<td>TCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$30.00</td>
<td>$48.2K</td>
<td>415</td>
<td>505</td>
</tr>
<tr>
<td>PTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$37.7K</td>
<td>469</td>
<td>448</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 149 contract(s) at a $850.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $207.8K, with a price of $1400.0 per contract. There were 6983 open contracts at this strike prior to today, and today 47001 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 25 contract(s) at a $750.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $1136.0 per contract. There were 1440 open contracts at this strike prior to today, and today 5382 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 106 day(s) on August 16, 2024. Parties traded 946 contract(s) at a $210.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $71.9K, with a price of $76.0 per contract. There were 14166 open contracts at this strike prior to today, and today 4598 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on May 10, 2024. Parties traded 100 contract(s) at a $143.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $253.0 per contract. There were 985 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold. 
• For COHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on May 17, 2024. This event was a transfer of 1700 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $50.0 per contract. There were 5730 open contracts at this strike prior to today, and today 1700 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 78 day(s) on July 19, 2024. This event was a transfer of 30 contract(s) at a $400.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1650.0 per contract. There were 5144 open contracts at this strike prior to today, and today 746 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on May 3, 2024. This event was a transfer of 50 contract(s) at a $305.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 253 open contracts at this strike prior to today, and today 539 contract(s) were bought and sold. 
• Regarding MAXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>), we observe a put option sweep with bearish sentiment. It expires in 50 day(s) on June 21, 2024. Parties traded 393 contract(s) at a $3.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $110.0 per contract. There were 5894 open contracts at this strike prior to today, and today 537 contract(s) were bought and sold. 
• For TCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on November 15, 2024. This event was a transfer of 505 contract(s) at a $30.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $110.0 per contract. There were 415 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold. 
• Regarding PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>), we observe a put option trade with bullish sentiment. It expires in 15 day(s) on May 17, 2024. Parties traded 58 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $650.0 per contract. There were 469 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CRWD

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

10 Information Technology Stocks With Whale Alerts In Today's Session

In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) in relation to its major competitors in the Technology Hardware, Storage &amp; Peripherals industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company's performance within the industry.
<h3>Super Micro Computer Background</h3>
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Super Micro Computer Inc</td>
<td>41.08</td>
<td>8.48</td>
<td>3.64</td>
<td>9.85%</td>
<td>$0.39</td>
<td>$0.6</td>
<td>5.05%</td>
</tr>
<tr>
<td>Apple Inc</td>
<td>26.33</td>
<td>35.28</td>
<td>6.90</td>
<td>49.79%</td>
<td>$43.22</td>
<td>$54.85</td>
<td>2.07%</td>
</tr>
<tr>
<td>Hewlett Packard Enterprise Co</td>
<td>11.34</td>
<td>1</td>
<td>0.77</td>
<td>1.82%</td>
<td>$1.23</td>
<td>$2.46</td>
<td>-13.5%</td>
</tr>
<tr>
<td>NetApp Inc</td>
<td>23</td>
<td>20.96</td>
<td>3.50</td>
<td>35.49%</td>
<td>$0.46</td>
<td>$1.15</td>
<td>5.24%</td>
</tr>
<tr>
<td>Pure Storage Inc</td>
<td>263.84</td>
<td>12.82</td>
<td>5.89</td>
<td>5.41%</td>
<td>$0.11</td>
<td>$0.57</td>
<td>-2.52%</td>
</tr>
<tr>
<td>Corsair Gaming Inc</td>
<td>375</td>
<td>1.75</td>
<td>0.82</td>
<td>0.94%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>4.65%</td>
</tr>
<tr>
<td>Eastman Kodak Co</td>
<td>6.61</td>
<td>0.38</td>
<td>0.36</td>
<td>0.21%</td>
<td>$0.03</td>
<td>$0.05</td>
<td>-9.84%</td>
</tr>
<tr>
<td>AstroNova Inc</td>
<td>27.98</td>
<td>1.51</td>
<td>0.89</td>
<td>3.06%</td>
<td>$0.01</td>
<td>$0.01</td>
<td>-0.65%</td>
</tr>
<tr>
<td>Transact Technologies Inc</td>
<td>10.96</td>
<td>1.31</td>
<td>0.71</td>
<td>-0.16%</td>
<td>$0.0</td>
<td>$0.01</td>
<td>-26.13%</td>
</tr>
<tr>
<td>Average</td>
<td>93.13</td>
<td>9.38</td>
<td>2.48</td>
<td>12.07%</td>
<td>$5.64</td>
<td>$7.4</td>
<td>-5.08%</td>
</tr>
</tbody>
</table>
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 </style>By closely studying Super Micro Computer, we can observe the following trends: 
<ul>
<li>
With a Price to Earnings ratio of 41.08, which is 0.44x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.
</li>
<li>
With a Price to Book ratio of 8.48, significantly falling below the industry average by 0.9x, it suggests undervaluation and the possibility of untapped growth prospects.
</li>
<li>
The stock's relatively high Price to Sales ratio of 3.64, surpassing the industry average by 1.47x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
The company has a lower Return on Equity (ROE) of 9.85%, which is 2.22% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
With lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $390 Million, which is 0.07x below the industry average, the company may face lower profitability or financial challenges.
</li>
<li>
Compared to its industry, the company has lower gross profit of $600 Million, which indicates 0.08x below the industry average, potentially indicating lower revenue after accounting for production costs.
</li>
<li>
The company's revenue growth of 5.05% is notably higher compared to the industry average of -5.08%, showcasing exceptional sales performance and strong demand for its products or services.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714662020_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio gauges the extent to which a company has financed its operations through debt relative to equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing Super Micro Computer in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
<ul>
<li>
In terms of the debt-to-equity ratio, Super Micro Computer has a lower level of debt compared to its top 4 peers, indicating a stronger financial position.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity with a lower debt-to-equity ratio of 0.37.
</li>
</ul>
<h3>Key Takeaways</h3>
The PE, PB, and PS ratios for Super Micro Computer indicate that it is undervalued compared to its peers in the Technology Hardware, Storage &amp; Peripherals industry. However, the low ROE, EBITDA, and gross profit suggest that the company may be facing operational challenges. On a positive note, the high revenue growth rate shows potential for future performance improvement.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Competitor Analysis: Evaluating Super Micro Computer And Competitors In Technology Hardware, Storage &amp; Peripherals Industry

Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $352,958, and 7 were calls, valued at $481,007.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $725.0 to $895.0 for Super Micro Computer over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Super Micro Computer's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Super Micro Computer's whale activity within a strike price range from $725.0 to $895.0 in the last 30 days. 
<h3>Super Micro Computer Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714657610_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$251.7</td>
<td>$235.9</td>
<td>$243.86</td>
<td>$740.00</td>
<td>$199.7K</td>
<td>7</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$12.0</td>
<td>$10.4</td>
<td>$12.0</td>
<td>$750.00</td>
<td>$120.0K</td>
<td>1.7K</td>
<td style="text-align: right;">170</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$135.6</td>
<td>$119.6</td>
<td>$127.7</td>
<td>$895.00</td>
<td>$63.8K</td>
<td>43</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$33.7</td>
<td>$32.8</td>
<td>$33.09</td>
<td>$750.00</td>
<td>$59.5K</td>
<td>414</td>
<td style="text-align: right;">63</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$5.6</td>
<td>$5.2</td>
<td>$5.6</td>
<td>$725.00</td>
<td>$56.0K</td>
<td>473</td>
<td style="text-align: right;">606</td>
</tr>
</tbody>
</table>

<h3>About Super Micro Computer</h3>
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
Following our analysis of the options activities associated with Super Micro Computer, we pivot to a closer look at the company's own performance.
<h3>Where Is Super Micro Computer Standing Right Now?</h3>
<ul>
<li>With a trading volume of 269,066, the price of SMCI is up by 3.32%, reaching $762.82.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 96 days from now.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Super Micro Computer with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Super Micro Computer's Options: A Look at What the Big Money is Thinking

<ul>
<li>AAPL</li>
<li>BA</li>
<li>TSLA</li>
<li>NVDA</li>
<li>CVNA</li>
<li>DJT</li>
<li>AI</li>
<li>TLRY</li>
<li>SMCI</li>
<li>PTON</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CVNA

PTON

TLRY

TSLA

Top 10 Trending Stocks On WallStreetBets As Of May 2, 2024 (Via Swaggy Stocks)

Wedbush analyst Matt Bryson maintained Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) with a Neutral rating and raised the <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $530 to $800</a>.
Bryson noted that Supermicro <a href="https://www.benzinga.com/news/earnings/24/04/38535630/super-micro-shares-dip-on-mixed-q3-results-eps-beat-sales-miss" target="_blank" rel="noreferrer noopener">guided revenues for</a> the year meaningfully higher, suggesting sales momentum is only accelerating into the fiscal fourth quarter. At the same time, the midpoint of management&#8217;s guidance implicitly suggests gross margin deterioration of ~200 bps and an operating margin decline of ~100 bps. 
The expected dip in margins, in turn, necessarily caters to concerns about how competition might weigh on SMCI&#8217;s ability to translate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38413805/ai-server-market-is-expanding-rapidly-analysts-highlight-super-micro-computers-impo" target="_blank" rel="noreferrer noopener">AI-related server growth</a> into profit, both in the current quarter and moving forward, the analyst said. The result mirrors the dichotomy that has kept him on the sidelines regarding SMCI over the past 12 months. 
SMCI has successfully changed its narrative from&nbsp;that of&nbsp;a scrappy underdog supplying customers with cheaper and more customized solutions to&nbsp;the&nbsp;leading OEM of AI servers.
SMCI sales momentum is unlikely to diminish over the next few quarters as Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) offerings transition to H200 and Blackwell. However, the analyst continues to see the server market as competitive.
Bryson projected fourth-quarter revenue of $5.30 billion (prior $4.81 billion) and EPS of $8.09 (prior $7.04).
BofA Securities analyst Ruplu Bhattacharya reiterated a Buy rating on SMCI with a price target of $1,090.
Super Micro reported fiscal third-quarter revenue slightly below consensus. The analyst noted that the small topline miss&nbsp;was driven&nbsp;by a lack of component availability late in the quarter.&nbsp;
Bhattacharya&#8217;s bullish thesis remains intact, as the company is expected to significantly exceed consensus forecasts for the June quarter. SMCI is on course to achieve production of over 2,000 direct-to-chip (DTC) liquid-cooled racks monthly by quarter&#8217;s end, and the introduction of GB200 solutions in fiscal 2025 is anticipated to increase the average selling price per system.
SMCI is also poised to expand its market by serving additional chip vendors beyond Nvidia. The company continues to see strong demand from Tier-2 CSPs and enterprises and is positioned to capitalize on upcoming sovereign AI demand.
Super Micro remains a pure-play AI server vendor, and Bhattacharya expects continued positive estimate revisions in the long term.
Bhattacharya projected fourth-quarter revenue of $5.30 billion and EPS of $8.10.
Goldman Sachs analyst Michael Ng reiterated a Neutral rating on SMCI with a price target of $800, down from the prior $937.
Ng&#8217;s price target cut reflects increasing uncertainty around SMCI&#8217;s AI server market share.
SMCI&#8217;s fiscal third-quarter results were&nbsp;largely&nbsp;as expected, with revenue of $3.85 billion (v. consensus of $3.96 billion), gross profit of $601 million (v. consensus of $593 million), and increased fiscal 2024 revenue guidance to $14.7 billion—$15.1 billion, which implies $5.1 billion—$5.5 billion for the fiscal fourth-quarter, Ng noted.&nbsp;
While the potential margin dilutive impact from AI server sales and competition is a concern, SMCI reiterated its long-term 14% &#8211; 17% gross margin target. Ng noted that elevated product costs from liquid cooling should normalize over time. Separately, SMCI said it could need additional capital to support growth.
Encouragingly, demand appears strong, as evidenced by SMCI achieving a record backlog, Ng added.
Ng projected fourth-quarter revenue of $5.27 billion and EPS of $8.08.
JP Morgan analyst Samik Chatterjee reiterated an Overweight rating on SMCI with a price target of $1,150.
Chatterjee identified two main concerns reflected in the company&#8217;s share price. Firstly, there are worries about gross margins. The company predicts these will be within the long-term range of 14%-17% for the fiscal fourth quarter. 
However, the guidance suggests that margins will be at the lower end of this range, which follows a gross margin of 15.6% in the fiscal third quarter. This raises concerns about the company&#8217;s willingness to sacrifice margins to pursue revenue growth.
Secondly, there&#8217;s the issue of potential capital raises. While the company has stated it has sufficient capital to manage growth of 20%-30%, achieving higher growth rates as projected will require additional capital. This is necessary to meet the inventory requirements for reliably servicing customers.
With demand continuing strong, investors are now grappling with the challenge of how further capital raises might dilute earnings.
Chatterjee projected fourth-quarter revenue of $5.30 billion and EPS of $8.11.
Super Micro Computer&nbsp;stock gained 591% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P MidCap Momentum ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XMMO#NYSE">XMMO</a>) and&nbsp;IShares U.S. Digital Infrastructure And Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>).
Price Action: SMCI shares were down 11.8% at $757.01 at last check Wednesday.
Now Read: <a href="https://www.benzinga.com/news/econ-s/24/05/38561640/fed-keeps-interest-rates-steady-announces-slower-than-expected-pace-of-balance-sheet-runoff">Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff</a>
Photo: Shutterstock

Super Micro Computer (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) came out with quarterly earnings of $6.65 per share, beating the Zacks Consensus Estimate of $5.78 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was expected that this server technology company would post earnings of $5.48 per share when it actually produced earnings of $5.59, delivering a surprise of 2.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Super Micro, which belongs to the Zacks Computer- Storage Devices industry, posted revenues of $3.85 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $1.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Super Micro shares have added about 213.2% since the beginning of the year versus the S&amp;P 500&#39;s gain of 7.3%.
What&#39;s Next for Super Micro?
While Super Micro has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Super Micro: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $7.24 on $4.87 billion in revenues for the coming quarter and $22.17 on $14.73 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer- Storage Devices is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, NetApp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>), is yet to report results for the quarter ended April 2024.
This data storage company is expected to post quarterly earnings of $1.80 per share in its upcoming report, which represents a year-over-year change of +16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
NetApp&#39;s revenues are expected to be $1.66 billion, up 5.1% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2265512/super-micro-computer-smci-q3-earnings-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2265512">To read this article on Zacks.com click here.</a>

Earnings Beats

NTAP

Super Micro Computer Q3 Earnings Beat Estimates

Wells Fargo analyst Aaron Rakers maintains Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) with a Equal-Weight and lowers the price target from $960 to $890.

Wells Fargo Maintains Equal-Weight on Super Micro Computer, Lowers Price Target to $890

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$800.00</td>
<td>$387.1K</td>
<td>11.2K</td>
<td>44.8K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$170.00</td>
<td>$32.7K</td>
<td>15.8K</td>
<td>10.2K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$115.00</td>
<td>$38.5K</td>
<td>2.6K</td>
<td>3.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$690.00</td>
<td>$48.2K</td>
<td>315</td>
<td>1.8K</td>
</tr>
<tr>
<td>FSLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$317.5K</td>
<td>5.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$22.50</td>
<td>$27.0K</td>
<td>5.7K</td>
<td>910</td>
</tr>
<tr>
<td>SWKS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$105.00</td>
<td>$74.0K</td>
<td>1.8K</td>
<td>856</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.00</td>
<td>$288.0K</td>
<td>1.3K</td>
<td>500</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$135.00</td>
<td>$66.2K</td>
<td>4.1K</td>
<td>434</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$110.7K</td>
<td>6.6K</td>
<td>323</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on May 3, 2024. This event was a transfer of 561 contract(s) at a $800.00 strike. This particular put needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $387.1K, with a price of $690.0 per contract. There were 11293 open contracts at this strike prior to today, and today 44888 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 116 contract(s) at a $170.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $282.0 per contract. There were 15840 open contracts at this strike prior to today, and today 10256 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 9 day(s) on May 10, 2024. This event was a transfer of 335 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $115.0 per contract. There were 2691 open contracts at this strike prior to today, and today 3908 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 80 contract(s) at a $690.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $611.0 per contract. There were 315 open contracts at this strike prior to today, and today 1878 contract(s) were bought and sold. 
• For FSLY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), we notice a put option trade that happens to be bearish, expiring in 261 day(s) on January 17, 2025. This event was a transfer of 1250 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $317.5K, with a price of $254.0 per contract. There were 5679 open contracts at this strike prior to today, and today 1250 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a put option sweep with bearish sentiment. It expires in 51 day(s) on June 21, 2024. Parties traded 169 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $160.0 per contract. There were 5735 open contracts at this strike prior to today, and today 910 contract(s) were bought and sold. 
• Regarding SWKS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), we observe a put option trade with bullish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 50 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $1480.0 per contract. There were 1890 open contracts at this strike prior to today, and today 856 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a put option trade that happens to be bearish, expiring in 324 day(s) on March 21, 2025. This event was a transfer of 500 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $288.0K, with a price of $576.0 per contract. There were 1305 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option trade with bullish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 169 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $66.2K, with a price of $392.0 per contract. There were 4141 open contracts at this strike prior to today, and today 434 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bearish, expiring in 261 day(s) on January 17, 2025. This event was a transfer of 60 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $110.7K, with a price of $1845.0 per contract. There were 6628 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FSLY

MRVL

WOLF

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">guidance for the second quarter</a>.
AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares jumped 97.5% to $3.2199. CytomX Therapeutics will report first quarter 2024 results and issue an initial CX-904 Phase 1a clinical data update on May 8.</li>
<li>IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) gained 41.3% to $1.2150 after jumping around 54% on Tuesday.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 39.5% to $0.1295. Shares of cannabis-related stocks traded higher following reports suggesting the DEA plans to reclassify cannabis as a less dangerous drug.</li>
<li>Getaround, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) rose 35% to $0.2741 after the company announced it secured up to $50 million in additional financing.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) gained 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 28% to $7.72 after the company announced completion of its analysis to determine the effects of bioactivated PALI-2108 on TNF-α production in a whole blood assay.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares rose 28% to $120.26 after the company raised its 2024 guidance.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) gained 27.2% to $32.69 following strong quarterly results.</li>
<li>DecisionPoint Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPSI#NASDAQ">DPSI</a>) rose 24.6% to $10.03 as the company agreed to go private in all-cash transaction.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 23.2% to $176.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) climbed 20% to $3.1887 following quarterly results.</li>
<li>Bio-Techne Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) jumped 20.1% to $75.89 following upbeat quarterly results.</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 18% to $8.87.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) gained 17.7% to $15.38 following better-than-expected quarterly results.</li>
<li>Pinterest, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) rose 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.</li>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares climbed 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.2% to $8.82 following upbeat earnings.</li>
<li>UFP Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) jumped 13.8% to $234.34 following upbeat earnings.</li>
<li>Conduent Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) rose 13.7% to $3.58 after the company reported better-than-expected first-quarter results and issued strong FY24 guidance.</li>
<li>Stagwell Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) gained 13.1% to $6.73 following upbeat earnings.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) climbed 11.5% to $36.89 following strong quarterly earnings.</li>
<li>Garmin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NASDAQ">GRMN</a>) rose 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) rose 9.9% to $1.5699 after the company announced a collaboration with FluGen for an intranasal flu vaccine.</li>
<li>Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>) gained 9.4% to $28.48 following upbeat earnings.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 6.8% to $9.48.</li>
<li>Lion Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares gained 6.5% to $0.5188 after the company reported a year-over-year increase in FY23 financial results.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares gained 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 73.1% to $0.3054 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) dipped 61.8% to $9.41.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 40.2% to $9.27 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) fell 29.1% to $12.81 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) dipped 28.8% to $0.6052.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) fell 25.5% to $1.90</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) dipped 25% to $11.16.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) declined 22.3% to $0.1883.</li>
<li>Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) fell 21.1% to $32.99 following downbeat quarterly results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) dipped 19.4% to $54.55 following worse-than-expected first-quarter EPS and revenues.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 15.9% to $721.99 following mixed third-quarter financial results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) fell 15.8% to $74.54 following weaker-than-expected second-quarter earnings.</li>
<li>Ryerson Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) declined 15.1% to $24.25 after posting a loss for the first quarter.</li>
<li>DigitalBridge Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) fell 14.4% to $14.08 after the company reported first-quarter financial results.</li>
<li>Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) dipped 14% to $41.04 after the company reported mixed second-quarter financial results and cut FY24 adjusted EPS guidance below estimates.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares fell 13.7% to $92.01 after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined 12.2% to $0.2801.</li>
<li>SiteOne Landscape Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NASDAQ">SITE</a>) fell 11.6% to $138.66 after the company reported mixed first-quarter financial results.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) fell 11% to $16.84 following a first-quarter revenue miss and soft FY24 guidance.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 10.5% to $13.38 after the company reported worse-than-expected first-quarter sales results and cut FY24 adjusted EPS guidance.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell 9.7% to $132.39 after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) fell 9% to $111.68 after the company reported first-quarter financial results and issued guidance.</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) dipped 8.8% to $66.59. A report earlier today indicated federal prosecutors are examining the company&#8217;s financial transactions.</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 8.2% to $41.10 after the company reported first-quarter financial results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares declined 7.9% to $1.2801. Polestar delayed annual report due to accounting errors.</li>
<li>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) fell 6.3% to $36.19 following mixed first-quarter results.</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) fell 6% to $139.09 after the company reported worse-than-expected third-quarter sales results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38550761/how-to-earn-500-a-month-from-intel-stock-following-q1-earnings-report">How To Earn $500 A Month From Intel Stock Following Q1 Earnings Report</a>

Intraday Update

Movers

AKAN

ASTE

ATEN

CDNA

CETX

CHEF

CNDT

CTMX

CVRX

DBRG

DPSI

GETR

GRMN

IMCC

LGHL

LMND

MNDR

NARI

NCLH

NYCB

PALI

PINS

PLTN

POAI

POWL

PSNY

RCKY

ROOT

SITE

SOBR

SRDX

STGW

TECH

TGTX

TMDX

UFPT

XTIA

Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Goldman Sachs analyst Michael Ng maintains Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) with a Neutral and lowers the price target from $937 to $800.

Goldman Sachs Maintains Neutral on Super Micro Computer, Lowers Price Target to $800

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading lower Wednesday after the company posted mixed third-quarter financial results <a href="https://www.benzinga.com/news/earnings/24/04/38535630/super-micro-shares-dip-on-mixed-q3-results-eps-beat-sales-miss">Tuesday after the market close.</a>
The Details:
Super Micro Computer reported quarterly earnings of $6.65 per share which beat the analyst consensus estimate of $5.78 by 15.05% and represents a 307.98% increase over earnings of $1.63 per share from the same period last year.
Quarterly sales clocked in at $3.85 billion which missed the analyst consensus estimate of $3.952 billion by 2.58% and is a 200.08% increase year-over-year.
Late Tuesday night, Jim Cramer said "Insane night with SuperMicro getting whacked on a pretty q …," in a social media <a href="https://twitter.com/jimcramer/status/1785516442810556510?ref_src=twsrc%5Etfw">post</a> on X.&nbsp;
Rosenblatt analyst Hans Mosesmann <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">maintained</a> a Buy rating on Super Micro Computer and $1300 price target following the print. Wedbush analyst Matt Bryson maintained Super Micro with a Neutral and raised the price target from $530 to $800.
Related News: <a href="https://www.benzinga.com/news/24/04/38497173/whats-going-on-with-rivian-automotive-stock">What&#8217;s Going On With Rivian Automotive Stock?</a>
<h2 class="wp-block-heading">Will SMCI Stock Go Up?</h2>
When trying to assess whether or not Super Micro Computer will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $1108.62 on Super Micro Computer. The Street high target is currently at $1500 and the Street low target is $530. Of all the analysts covering Super Micro Computer, 9 have positive ratings, 4 have neutral ratings and no one has negative ratings.
In the last month, 5 analysts have adjusted price targets. Here's a look at recent price target changes <a href='https://www.benzinga.com/quote/SMCI/analyst-ratings'>[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Super Micro Computer have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Super Micro Computer is 449.39% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Super Micro Computer, visit <a href='https://www.benzinga.com/quote/SMCI'>here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href='https://pro.benzinga.com/'>Benzinga Pro</a>. Start your free trial today.
SMCI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Super Micro shares are down 15.4% at $726.41 at the time of publication Wednesday.
Image: Courtesy of Super Micro Computer, Inc.

Earnings

What's Going On With Super Micro Stock After Earnings?

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/05/2024-05-01_08h09_21.png" style="height:350px; width:624px" />
<h3>Making A Fortune In Artificial Intelligence</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-fomc-meeting-powell-rate-decision-smci-mc-05012024">click here</a> for an enlarged chart of Super Micro Computer Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of SMCI stock is being used to illustrate the point.</li>
<li>Super Micro has been the most favorite artificial intelligence stock of the momo crowd.&nbsp;The chart shows the big drop in the stock on earnings released after the market closed.</li>
<li>The chart shows a 40.5% drop since the high in March.</li>
<li>RSI shown on the chart foretold what was to come.</li>
<li>The momo crowd, including momo gurus, that ran up the stock did not really understand the server business.</li>
<li>SMCI presents an important learning moment for prudent investors.&nbsp;These are four important points here:
<ul>
<li>What you do not buy is as important as what you buy.&nbsp;&nbsp;</li>
<li>A little knowledge is a dangerous thing.&nbsp;&nbsp;</li>
<li>The momo crowd&rsquo;s history is that they make money because they run up stocks with their own buying.&nbsp;Subsequently, the momo crowd loses money when smart money sells into the strength.&nbsp;Often, the momo crowd loses more money than they make, resulting in a net loss.&nbsp;&nbsp;&nbsp;</li>
<li>Follow smart money for investments.&nbsp;Selectively follow the momo crowd for very short term trades when there is a Signal or Signal Limited.&nbsp;&nbsp;</li>
</ul>
</li>
<li>Members and readers of The Arora Report, already knew in advance what was to come.&nbsp;On March 4, right near the top of SMCI stock, <a href="https://www.benzinga.com/markets/24/03/37461504/yolo-rears-its-ugly-head-in-the-stock-market-bitcoin-hits-65k-target-opec-extends-production-cuts">we wrote</a>:</li>
</ul>
<ul>
<li>
<blockquote>SMCI has become a favorite of the momo crowd.&nbsp;The momo crowd incorrectly thinks SMCI has the same potential as Nvidia (NVDA).&nbsp;Investors need to keep in mind the following:
</blockquote>
<ul>
<li>
<blockquote>SMCI moves a lot more than NVDA.&nbsp;SMCI is so volatile because of the small float.
</blockquote>
</li>
<li>
<blockquote>SMCI is an assembler of servers for artificial intelligence.&nbsp;It uses components from NVDA, Micron (MU), and Marvell (MRVL).
</blockquote>
</li>
<li>
<blockquote>NVDA has a large moat to protect it that includes IP for its GPUs.&nbsp;SMCI has no moat and the barrier to entry for competitors is low.
</blockquote>
</li>
<li>
<blockquote>SMCI sales are to hyperscalers like Microsoft (MSFT), Amazon (AMZN), and Google (GOOG).&nbsp;The reason SMCI sales are booming is that they have availability of NVDA chips.&nbsp;As chips become more available to competitors, SMCI will not be able to sustain its sales growth rate.
</blockquote>
</li>
<li>
<blockquote>The momo crowd is buying SMCI due to lack of knowledge.&nbsp; However, there are many investors who understand and have the knowledge of SMCI&#39;s business.&nbsp;Many such investors are short selling SMCI.&nbsp; For the time being, short sellers are being overwhelmed by the YOLO crowd.
</blockquote>
</li>
<li>
<blockquote>Taking all of the above into consideration with the <a href="https://thearorareport.com/zyx-quantitative-screen">quantitative analysis screen</a> of the ZYX Change Method, in an optimistic case, the fair value of SMCI stock is $442 - $486.
</blockquote>
</li>
</ul>
</li>
</ul>
<ul>
<li>You may recall that The Arora Report was the first one to identify that artificial intelligence was real in 2022.&nbsp;At that time, momo gurus were selling AI stock.</li>
<li>A fortune is to be made in AI between now and 2030.&nbsp; SMCI shows that at times it will be treacherous.&nbsp;You need expert guidance.&nbsp; Equally important is building your knowledge of investments in AI.&nbsp;</li>
<li>FOMC will release its decision at 2pm ET today.&nbsp;FOMC is expected to keep interest rates unchanged.&nbsp;The key event is Powell&rsquo;s conference.&nbsp;The data shows that professional traders are expecting higher volatility during Powell&rsquo;s conference than at any other point over the last year.&nbsp;</li>
<li>In The Arora Report analysis, the near term direction of the stock market will come down to if objective Powell shows up or if political Powell shows up.&nbsp;&nbsp;
<ul>
<li>If objective Powell shows up, expect the stock market to go down. &nbsp;The reason is that the stock market is still levitating on hopium and not paying attention to the data.&nbsp;&nbsp;</li>
<li>If political Powell shows up, expect a rip roaring rally.&nbsp;</li>
</ul>
</li>
<li>We previously shared that prudent investors should pay attention to the Treasury refunding plan.
<ul>
<li>The Treasury plans to borrow $243B in the April to June quarter vs. $202B estimate.</li>
<li>The Treasury has just released the composition of the borrowing.</li>
<li>In The Arora Report analysis, the composition is more important than the increased amount of borrowing.&nbsp;Last time, the Treasury manipulated the borrowing to make stock and bond markets run higher.&nbsp;We will be carefully analyzing the just released new data.</li>
</ul>
</li>
<li>Automatic Data Processing Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adp#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; It uses its data to give a glimpse of the jobs picture in advance of the official jobs report that will be released on Friday at 8:30am ET.&nbsp; ADP employment change came at 192K vs. 175K consensus.&nbsp; This indicates that the jobs picture is staying very strong.&nbsp; In The Arora Report analysis, the strength is at the low end while the job picture remains weak in IT and finance.</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD).&nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
The momo crowd is selling oil in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has fallen below $60,000 on momo crowd selling.&nbsp; Recent momo crowd bitcoin buyers who fell prey to whales&rsquo; propaganda of buying on bitcoin halving and bought bitcoin above $70,000 are panicking and selling.&nbsp;Of course, if you listened to the podcast on bitcoin halving, you knew in advance that this was a high probability outcome.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Super Micro Folly, Stock Market Direction Depends On Which Powell Shows Up – Objective Or Political

Jim Cramer praised Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) for its &#8220;spectacular&#8221; <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">first-quarter performance</a>. He also commented on the performance of other companies in a recent post.
What Happened: On Wednesday, Cramer took to X, formerly Twitter, to express his views on the recent quarterly performances of some major companies.
He first lauded <a href="https://www.benzinga.com/markets/equities/24/05/38544038/amazon-says-generative-ai-is-now-a-multibillion-dollar-revenue-run-rate-business-strong-demand-s">Amazon&#8217;s Q1 performance</a>, calling it &#8220;spectacular" and noted that "gathering momentum in EPS, free cash flow, gross margins, and orders for AWS&#8221; as factors contributing to this extraordinary quarter for the Jeff Bezos company.
"Extraordinary quarter," Cramer remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don&#39;t think it will matter but the Amazon quarter was spectacular and the guide was almost boilerplate given the gathering momentum in eps, free cash flow, gross margins and orders for AWS. Extraordinary quarteri
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1785594556039172158?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He then shifted his focus to other companies, describing the night as &#8220;insane.&#8221;
He mentioned that Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) had a tough night despite a good quarter, and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) was hit hard despite good accelerated computing.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38521828/jensen-huangs-initial-nvidia-pitch-dubbed-one-of-the-worst-by-former-boss-yet-backed-by-belief-in-go" target="_blank" rel="noreferrer noopener">Jensen Huang's Initial Nvidia Pitch Dubbed ‘One Of The Worst' By Former Boss, Yet Backed By Belief In ‘Godfather Of GPU'</a>
"Insane night with SuperMicro getting whacked on a pretty q and AMD getting hit hard even as accelerated computing was good."
He also predicted that Skyworks Solutions Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) March 2024 quarter performance would once again &#8220;hammer Apple,&#8221; a prediction he wished hadn&#8217;t been made by Bernstein the other day.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"Skyworks will, once again, hammer Apple which I sure wish hadn&#8217;t been bulled by Bernstein the other day."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Insane night with SuperMicro getting whacked on a pretty q and AMD getting hit hard even as accelerated computing was good&#8230; of course Skyworks will, once again, hammer Apple which i sure wish hadn&#39;t been bulled by Bernstein the other day.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1785516442810556510?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38511556/what-is-going-on-with-apple-iphone-sales-drop-by-staggering-9-3m-units-globally-in-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Is Going On With Apple? iPhone Sales Drop By Staggering 9.3M Units Globally In Q1 2024</a>
Why It Matters: Cramer&#8217;s comments come at a time when the market is closely watching the performance of these companies.
During Q1, Amazon reported that its generative AI business hit a &#8220;multibillion-dollar&#8221; revenue run rate, while the crucial Amazon Wireless Services (AWS) business hit a <a href="https://www.benzinga.com/news/24/04/38539518/amazons-andy-jassy-remains-bullish-on-aws-sees-very-large-opportunity-and-expects-meaningful-capex-i">$100 billion revenue run rate</a>.
On the other hand, AMD&#8217;s Q1 results were slightly ahead of expectations, with record data center revenue. However, the stock retreated in after-hours trading, likely <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">due to second-quarter revenue guidance</a> that fell short of consensus estimates on the low end.
As for Skyworks, the company reported better-than-expected second-quarter earnings. Despite the positive results, <a href="https://www.benzinga.com/news/earnings/24/05/38549218/these-analysts-slash-their-forecasts-on-skyworks-solutions-after-q2-results">some analysts slashed their forecasts</a> on Skyworks Solutions after the Q2 results.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Is Impressed By The Fact That Jeff Bezos&#8217; AWS 12-Month Revenue Is Higher Than 466 S&amp;P 500 Companies: ‘Wow'</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

'Insane Night:' Jim Cramer Praises Amazon's 'Spectacular' Q1, Says Skyworks Will 'Hammer Apple' While Supermicro Got 'Whacked' Despite Good March Quarter

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
No risk, no reward, as the saying goes. While markets generally move in fits and starts, there are some stocks that prove to be multibaggers. These are stocks that are doubling investors&rsquo; money many times over and creating millionaires in the process. Often times, these stocks are risky bets and <a href="https://trendspider.com/learning-center/growth-investing-high-risk-high-reward/">prone to volatility</a>. But for investors who have nerves of steel, the risks can pay off.



You don&rsquo;t have to look far to find these type of high-risk, high-reward stocks. They can be found in emerging and fast-growing sectors such as cannabis, cryptocurrencies and artificial intelligence, among other corners of the market. 



While these type of stocks do not fit many investors, they can prove to be lucrative for people who have the right temperament and <a href="https://www.investopedia.com/terms/r/risktolerance.asp">risk appetite</a>. Here are three stocks with the potential to make you an overnight millionaire.



<h2>Canopy Growth Corp. (CGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/Canopy-Growth-Stock_0509-300x169.jpg" alt="The More CGC Stock Flounders, the Less Constellation Can Handle It"><div>Source: Shutterstock</div></div>It&rsquo;s extremely risky and there are rumors it could file for bankruptcy, but cannabis producer Canopy Growth Corp. (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgc-stock-quote/">CGC</a>) could skyrocket if the Biden administration successfully reclassifies cannabis. 



News reports that the White House wans to <a href="https://mjbizdaily.com/us-canadian-cannabis-stocks-rally-after-rescheduling-report/">reclassify cannabis</a> as a less dangerous Schedule III substance, putting it in the same category as prescription medications such as Tylenol with codeine and anabolic steroids, was enough to send CGC stock up 80% in a single trading session.



Investors have long viewed decriminalization of cannabis at the federal level, and eventual <a href="https://www.marketwatch.com/story/cannabis-stocks-settle-down-after-rally-on-plans-to-reclassify-pot-as-less-dangerous-85117916">legalization of the recreational drug </a>in America, as key to the future growth of the sector and <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a>. 



Any progress in that direction is sure to send Canopy Growth and other cannabis stocks soaring. The AdvisorShares Pure US Cannabis ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/msos-stock-quote/">MSOS</a>) <a href="https://www.forbes.com/sites/lcarrel/2024/05/01/cannabis-etfs-soar-on-reports-dea-plans-to-reclassify-marijuana/">rose 25%</a> on news of the potential U.S. reclassification of cannabis. Other cannabis exchange-traded funds rose 20% or more.



CGC stock is up about 114% on the year, following a reverse stock split.



<h2>Coinbase Global (COIN)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/04/coin-money-bitcoin.jpeg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/coin-money-bitcoin-300x169.jpeg" alt="blockchain technology stocks"></a>It&rsquo;s fortunes are largely tied to Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>), but cryptocurrency exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) could be a millionaire-maker stock, if forecasts for the crypto sector prove true. 



In the last 12 months, <a href="https://www.fool.com/investing/2024/04/13/2-reasons-to-buy-coinbase-stock-now/">COIN stock has increased about 284%</a>, outpacing nearly every other stock. The gains have coincided with a huge rally in cryptocurrencies, with Bitcoin&rsquo;s price hitting an <a href="https://decrypt.co/228811/bitcoin-price-plunges-60000-crypto-liquidations-300-million">all-time high</a> of just under $74,000 in March of this year. While the crypto market has pulled back recently, many analyst see it only as a breather.



Many analysts are still forecasting that the price of <a href="https://www.nasdaq.com/articles/prediction:-bitcoin-will-hit-%24100000-in-2024">BTC will top $100,000</a> by year&rsquo;s end. That would be good for Coinbase, whose trading volumes spike when a crypto rally is in full-swing. 



In <a href="https://www.reuters.com/technology/coinbase-swings-profit-interest-income-strength-2024-02-15/">February</a>, the largest crypto exchange in the U.S. reported its first profit in two years, sending its stock up 12% in a day. Trading revenue on Coinbase&rsquo;s crypto exchange rose 79% quarter-over-quarter. In April, Oppenheimer (NYSE:<a href="https://investorplace.com/stock-quotes/opy-stock-quote/">OPY</a>) <a href="https://www.coindesk.com/business/2024/04/04/coinbase-to-benefit-from-long-term-adoption-of-blockchain-technology-oppenheimer/">raised its price target</a> on COIN stock and reiterated a &ldquo;buy&rdquo; rating on the shares.



<h2>Super Micro Computer (SMCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/smci1600-2-300x169.png" alt="Person holding cellphone with logo of US company Super Micro Computer Inc. (SMCI) (Supermicro) in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Buy the dip in Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>). The selloff following the company&rsquo;s <a href="https://www.cnbc.com/2024/05/01/super-micro-stock-plummets-18percent-after-posting-revenue-miss-.html">first-quarter financial results</a> is a complete overreaction, and it is not likely to be long before SMCI stock is zooming higher once again. 



Down about 24% since the start of April, this is likely to be the best chance investors get to buy-the-dip in this red hot AI stock. Keeping in mind that the stock is still up more than 470% in the last 12 months and has gained about 3,790% in the past five years.



As for the company&rsquo;s Q1 print, it was strong and showed blistering growth. While revenue missed Wall Street forecasts, it was still up <a href="https://www.cnbc.com/2024/04/30/super-micro-smci-q3-earnings-report-2024.html">200% year-over-year</a>. For all of this year, Super Micro Computer is forecasting sales growth of 582%. 



Management said the latest results would have been stronger, had it not been for the shortage of a key component needed to make its in-demand servers that run AI microchips and semiconductors. However, the supply chain is improving and growth should keep accelerating this year and beyond.



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-stocks-with-the-potential-to-make-you-an-overnight-millionaire/">3 Stocks With the Potential to Make You an Overnight Millionaire</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks With the Potential to Make You an Overnight Millionaire

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Technology juggernaut Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) &mdash; which manufactures the graphics processing units that enable myriad innovations, including artificial intelligence (AI) &mdash; is set to release its <a href="https://www.tipranks.com/stocks/nvda/earnings">first-quarter earnings</a> report on May 22. While the company utterly dominates the AI ecosystem, concerns exist that Wall Street may have become jaded with the performance. Therefore, NVDA stock does not present an easy-to-decipher framework.



On paper, the tech giant could be set for another cakewalk as few analysts dare to offer a contrarian view. For its <a href="https://finance.yahoo.com/quote/NVDA/analysis">fiscal first quarter</a>, the Street is looking for average earnings per share of $5.55. The most optimistic view calls for EPS of $6.12, while the low side is looking at $5.32. In the year-ago quarter, Nvidia posted earnings of 98 cents per share.



On the revenue front, analysts anticipate a consensus target of $24.49 billion. The high-side target rises to $26.87 billion, while the least-optimistic view calls for $23.66 billion. One year ago, Nvidia generated sales of $6.52 billion.



As Business Insider pointed out, what is working in favor of NVDA stock is that it&rsquo;s essentially <a href="https://www.businessinsider.com/nvidia-impact-q1-earnings-season-ai-nvda-stock-price-capex-2024-5">receiving residual benefits</a> without the underlying company even disclosing its results. Key concepts like AI infrastructure or generative AI have consistently made the rounds in the financial disclosures of tech peers Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>).



<h2>NVDA Stock Risks Becoming a Victim of its Own Success</h2>



As circumstances stand, NVDA stock is perhaps in the most enviable position. With so many top-tier enterprises focused on AI, their eyes will invariably turn to the hardware that makes it all possible. Yes, competing enterprises exist, most notably Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>). However, Nvidia&rsquo;s H100 GPU chip represents the clear winner.



Costing upward of $40,000, the H100 commands center stage in the tech arena. Arguably, the biggest endorsement of the processor came from Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) CEO Elon Musk. During the electric vehicle (EV) manufacturer&rsquo;s earnings call, Musk stated that Tesla will more than double its H100 orders by the end of the year.



In other words, other companies are fueling the hype train over NVDA stock. Still, Nvidia likely has to deliver to keep the train moving in the right direction.



It&rsquo;s here that circumstances get a little shaky for Nvidia ahead of its Q1 disclosure. Glaringly, Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) &mdash; one of the biggest producers of high-performance servers &mdash; disclosed its fiscal Q3 earnings report late last month. Despite &ldquo;forecasts for revenue and profits that far exceeded the average of analyst estimates&rdquo; per Bloomberg, SMCI stock dropped 14% post earnings.



Other tech enterprises &mdash; including NVDA stock &mdash; are down noticeably from their peak share price levels of this year. So, merely a good earnings beat may not be enough.



<h2>Why It Matters</h2>



Overwhelmingly, analysts support NVDA stock, rating it a <a href="https://www.tipranks.com/stocks/nvda/forecast">consensus strong buy</a>. Among 41 experts, 39 rate shares a buy, with only two labeling it a hold. However, the average price target of $1,005.59 only represents a modest 9% lift. And while few in number, <a href="https://www.nasdaq.com/articles/1-wall-street-analyst-thinks-nvidia-stock-will-plunge-28.-is-he-right">contrarian voices</a> have materialized, warning about NVDA&rsquo;s extreme valuation.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/should-you-buy-nvidia-nvda-stock-before-may-22/">Should You Buy Nvidia (NVDA) Stock Before May 22?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Should You Buy Nvidia (NVDA) Stock Before May 22?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The stock market was happy to put April behind it. The S&amp;P 500 ended the month 1.6% lower. Will May be any better? A lot depends on the path the Federal Reserve takes on interest rates. While multiple rate cuts are no longer in the cards, any glimmer of hope could send stocks soaring. Inflation continuing to rise, on the other hand, would be a sure-fire damper. This led us to create this list of the hottest S&amp;P 500 stocks. 



Still, the broad-based index is up 5% this year and almost half of its constituent components performed as well or better than the average.



The <a href="https://investorplace.com/2024/03/3-turbocharged-stocks-to-buy-for-the-next-sp-500-all-time-high/">following three companies</a> are the hottest S&amp;P 500 stocks on the market, significantly outperforming the index. Should you back up the truck or take money off the table? Let&rsquo;s dive in to see?



<h2>GE Aerospace (GE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/ge1600-300x169.jpg" alt="Company breakups: The General Electric GE logo on a building"><div>Source: Sundry Photography / Shutterstock.com</div></div>It might be a little confusing for investors to see the GE ticker symbol but see the company name GE Aerospace (NYSE:<a href="https://investorplace.com/stock-quotes/ge-stock-quote/">GE</a>). That&rsquo;s because the old General Electric split itself into <a href="https://investorplace.com/2024/04/ge-stock-alert-what-to-know-about-the-ge-stock-split-new-ge-aerospace-company/">two separately traded companies</a>. One was the aerospace division, which retained the legacy ticker, and the renewable energy business was renamed GE Vernova (NYSE:<a href="https://investorplace.com/stock-quotes/gev-stock-quote/">GEV</a>) and got a new ticker symbol (GEV). The old GE that people knew is no more.



However, as investors prepared for a different kind of halving event, GE stock soared. Shares are up 59.8% in 2024, good enough for a third-place showing.



GE Aerospace had <a href="https://www.geaerospace.com/news/press-releases/other-news-information-financial/ge-aerospace-launches-independent-investment-grade">$32 billion in revenue</a> last year with 70% generated by services. It starts its new life as an independent company with an installed base of 44,000 commercial engines and 26,000 military and defense engines globally. GE Aerospace believes it can achieve $10 billion in operating profit by 2028.



General Electric was <a href="https://edison.rutgers.edu/life-of-edison/companies/company-details/electric-light,-domestic/general-electric-company">founded in 1892</a> as the merger between Thomas Edison&rsquo;s Edison General Electric and two other electric companies. It eventually grew into a major industrial conglomerate. But over the years it divested many of its businesses and today has a different purpose and trajectory ahead of it.



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/nvda1600-8-300x169.png" alt="Nvidia (NVDA) company logo displayed on mobile phone screen"><div>Source: Piotr Swat / Shutterstock.com</div></div>Not surprising to many, Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) continues to be a massive growth story. Shares are up 69.5% this year, continuing to pad the lead it posted in 2023. The chipmaker is powered by artificial intelligence (AI), and though it is down from the all-time highs hit last month, the market still expects Nvidia stock to grow further this year.



Fourth quarter revenue was $22.1 billion, a 265% from the year-ago figure and well ahead of management&rsquo;s forecast of $20 billion. That was due to companies <a href="https://finance.yahoo.com/news/nvidia-corporation-nasdaq-nvda-q4-155841997.html">building next-gen data centers</a>, or what Nvidia calls &ldquo;AI factories.&rdquo; It now expects Q1 revenue to be $24 billion.



But there is a good chance investors will experience a lot more volatility with the stock. Rockets like the chipmaker will run into instances when it just can&rsquo;t keep up with demand and those shortfalls will wreak havoc around earnings time. The business remains solid but because <a href="https://investorplace.com/2024/04/nvidia-stock-is-down-10-is-this-the-beginning-of-the-end/">expectations of peak performance</a> are built into the stock price, anything even slightly underwhelming will send shares lower.



Nvidia is priced for perfection. At 69 times trailing earnings and 34 times sales, NVDA stock is not cheap. That doesn&rsquo;t mean it is a bad company, but you may wish to <a href="https://investorplace.com/2024/04/nvidias-woes-are-your-windfall-3-ai-stocks-to-grab-now/">find other opportunities</a> that offer better valuations or smoother forward progress.



<h2>Super Micro Computer (SMCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/smci1600-2-300x169.png" alt="Person holding cellphone with logo of US company Super Micro Computer Inc. (SMCI) (Supermicro) in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>If you want to see an overreaction, look at what&rsquo;s happening to Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>). While it is still the best-performing stock on the S&amp;P 500 with shares soaring 149% in 2024, that was after a 17% pullback in the stock after &ldquo;missing&rdquo; earnings.



Mind you, Super Micro&rsquo;s <a href="https://investorplace.com/2024/05/super-micro-computer-stock-analysis-buy-the-plunge-in-this-discounted-ai-gem/">revenues tripled</a> in its fiscal third quarter while profits quadrupled from last year. But because Wall Street was looking for even greater sales, the stock plummeted on the news.



That is the type of situation investors should pounce on. It is obvious the maker of AI-optimized servers, storage and equipment for data centers is on fire with more demand for its product than it knows what to do with. That is blistering growth that should not have been punished.



There is no let up in demand for data centers. Not even if the economy were to fall into a recession would the demand ebb. Hyperscalers like Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) are undergoing a demand wave themselves and are building out their own data center footprint. Because Super Micro&rsquo;s equipment is <a href="https://investorplace.com/2024/05/super-micro-computer-stock-analysis-buy-the-plunge-in-this-discounted-ai-gem/">essential to their proper working</a>, look for its stock to quickly regain the lost ground and advance once again.



On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/springs-3-hottest-sp-500-stocks-time-to-load-up-or-take-profits/">Spring&#8217;s 3 Hottest S&amp;P 500 Stocks: Time to Load Up or Take Profits?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Spring's 3 Hottest S&P 500 Stocks: Time to Load Up or Take Profits?

Both the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX.

Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 6

Super Micro Computer: Margins Remain A Concern (Rating Upgrade)

Super Micro Computer (SMCI) has disclosed a new risk, in the Debt & Financing category. Super Micro Computer faces a considerable business risk due...

Convertible Notes: A Double-Edged Sword for Super Micro Computer's Stock Value

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
After several months of increasing stock prices, interest in artificial intelligence hit some speed bumps during the Q1 earnings season, and it might be time to think about which <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> to sell. There had been a general pullback in market enthusiasm as investors began to accept that the Fed won&rsquo;t be easing as soon as initially anticipated. However, AI seemed to be particularly affected, as investors appeared to <a href="https://www.reuters.com/technology/global-markets-marketcap-2024-05-02/">lose some enthusiasm</a> for this high-flying sector. This leads to the query of which AI stocks to sell next. Traders rushed into the AI trend, hoping to get ahead of expected future gains. However, the full benefits of AI will not be realized in just a few months; it is a growing technology that will likely take decades to fully mature. As such, overexuberance can still lead to pullbacks as traders adopt a more realistic pace of growth. Many AI companies have managed substantial gains over the prior year but failed to meet even higher expectations, resulting in share price declines post-earnings. Server manufacturer Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) exemplifies this trend. It recently posted earnings growth of over 300%, yet its share price actually fell 7% reporting. The results clearly showed ongoing demand for AI remains strong, with the company guiding similar growth for the next quarter. However, growth that would otherwise be considered exceptional in other sectors <a href="https://www.investors.com/news/technology/smci-stock-super-micro-fiscal-q3-2024-earnings/">disappoints within the AI industry</a>. That begs the question of which AI stocks to sell that could face a similar situation of stock price falls while they are still doing well.&nbsp;



Given the current market dynamics, investors may want to consider the following AI stocks to sell.



<h2>Arm Holdings (ARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/arm1600-2-300x169.png" alt="Person holding mobile phone with logo of British semiconductor company Arm Ltd. on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Arm Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/arm-stock-quote/">ARM</a>) is one of the AI stocks to sell after gaining massively following its relatively recent initial public offering (IPO) last September. However, much hype for the software and chip architecture developer seems driven by AI speculation rather than company financials, as its bottom line has been <a href="https://finance.yahoo.com/quote/ARM/financials">aligned with pre-IPO performance</a>. Its stock price more than tripled after going public but has since declined to trade just over 50% above IPO. Such large swings are not going unnoticed, especially considering the spike ensued after reporting a 50% EPS drop over the prior year. The British company will report its earnings on Wednesday, May 8, an important indicator for the entire market given its affiliation with major AI players Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>). Analysts forecast EPS of $0.16 per American Depositary Shares,<a href="https://www.nasdaq.com/market-activity/stocks/arm/earnings"> lower than last year&rsquo;s $0.29</a> reported for the last quarter of 2023.



<h2>Airship AI Holdings (AISP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-computer-chip-1600-300x169.jpg" alt='AI stocks to Buy, Close-up of letters "AI" written on a computer chip, symbolizing artificial intelligence and AI stocks. ai chip stocks'><div>Source: shutterstock.com/YAKOBCHUK V</div></div>As the adage goes, what goes up must come down. Airship AI Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/aisp-stock-quote/">AISP</a>), a company that provides AI solutions for surveillance platforms, has seen its stock price <a href="https://finance.yahoo.com/quote/AISP?.tsrc=fin-srch">increase nearly 300%</a> so far this year. However, much of the gains came after a strong earnings report for last year, where the company turned into profitability after reporting a profit of $0.80 per share compared to a loss of -$0.04 in the prior year. 



Nonetheless, it did <a href="https://finance.yahoo.com/news/airship-ai-reports-full-2023-204400658.html">not come in the form of cash</a>, as revenue decreased over the same period, making a good addition to a list of AI stocks to sell. Rather, it stemmed from an improved valuation following several large contracts the company received from the U.S. government. Unless Airship AI can repeat its stellar performance and start converting orders into actual payments and cash available for distribution to shareholders, investors looking for AI stocks to sell may end up disappointed by poor earnings and exit or short-sell the stock. As such, sustained growth will be key to justifying the current valuation.



<h2>SoundHound AI (SOUN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/soun1600-3-300x169.png" alt="Person holding smartphone with webpage of US audio recognition company SoundHound Inc. (SOUN) on screen in front of logo. Focus on center of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Soundhound AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>) is the third out of the three AI stocks to sell on this list. The company provides AI solutions for voiceovers and has a sizable addressable market as companies look to automate interaction through natural voice bots. Potential applications include drive-through ordering and recent applications in healthcare services. However, entering new markets <a href="https://finance.yahoo.com/video/ai-enabling-voice-user-device-204220401.html">can take time</a>, and investors seeking immediate returns may grow disappointed even if long-term shareholders remain satisfied. This could result in a short-term pullback for the company&rsquo;s stock price when it reports earnings on Thursday, May 9. Analyst consensus estimates see earnings increasing 25% year-over-year (YOY) but remaining at a <a href="https://ca.finance.yahoo.com/news/why-soundhound-ai-inc-soun-214515537.html">loss of -$0.09</a> per share, alongside revenue growth of 51% to $10.1 million. While praiseworthy for many companies, these figures in the AI industry may <a href="https://finance.yahoo.com/quote/SOUN?.tsrc=fin-srch">not justify the stock price doubling</a> since the start of the year. Considering both short-term expectations and long-term potential, SoundHound AI could be among the top AI stocks to sell.



On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.




<div>Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/three-stocks-to-unload-amid-the-smci-shockwave/">Avoid the AI Fallout: 3 Stocks to Unload Amid the SMCI Shockwave</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Avoid the AI Fallout: 3 Stocks to Unload Amid the SMCI Shockwave

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Semiconductor stalwart Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) &mdash; whose graphics processing units (GPUs) power multiple artificial intelligence (AI) models &mdash; has no shortage of supporters. However, one big investor recently decided to step off the AI-fueled hype train driving NVDA stock. With the stormy conditions some technology enterprises have faced of late, the decision might also be a prudent one.



In a CNBC <a href="https://www.cnbc.com/2024/05/07/stanley-druckenmiller-cut-his-nvidia-stake-in-late-march-says-ai-may-be-a-bit-overhyped-short-term.html">interview</a>, billionaire investor Stanley Druckenmiller revealed that he trimmed his exposure to NVDA stock earlier this year. &ldquo;We did cut that and a lot of other positions in late March. I just need a break. We&rsquo;ve had a hell of a run. A lot of what we recognized has become recognized by the marketplace now,&rdquo; said Druckenmiller.



Specifically, Druckenmiller took some profits off the table when &ldquo;the stock went from $150 to $900.&rdquo; He then took a comical job at an investing legend. &ldquo;I&rsquo;m not Warren Buffett &mdash; I don&rsquo;t own things for 10 or 20 years. I wish I was Warren Buffett,&rdquo; the <a href="https://finance.yahoo.com/news/billionaire-stanley-druckenmiller-39-portfolio-095700785.html#:~:text=Billionaire%20Stanley%20Druckenmiller%20is%20a,billion%20profit%20on%20the%20transactions.">former hedge fund manager</a> remarked.



This investing decision may prove to be a wise move. While NVDA stock has gained almost 88% on a year-to-date (YTD) basis, momentum has slowed since late March. In the trailing month, shares have gained less than 4%.



<h2>Short-Term AI Hype Might Cloud NVDA Stock</h2>



Interestingly, Druckenmiller revealed that he first discovered the opportunity in NVDA stock via a young partner at his firm. The Nvidia advocate believed that the sentiment surrounding AI would exceed that for blockchain.



Druckenmiller told CNBC:




&ldquo;I didn&rsquo;t even know how to spell it [&hellip;] I bought it. Then a month later ChatGPT happened. Even an old guy like me could figure out okay, what that meant, so I increased the position substantially.&rdquo;




Since then, however, multiple enterprises have bought into the AI narrative, naturally propelling NVDA stock to unbelievable heights. That is causing the billionaire investor to offer a more nuanced perspective. &ldquo;So AI might be a little overhyped now, but underhyped long term,&rdquo; Druckenmiller said. It&rsquo;s not an unreasonable thesis.



Nvidia is scheduled to disclose its <a href="https://investorplace.com/2024/05/should-you-buy-nvidia-nvda-stock-before-may-22/">first-quarter earnings report on May 22</a>. Analysts are looking for a big boost across the board, with EPS potentially landing at $5.55 per share on revenue of $24.49 billion. These stats are well above the year-ago quarter&rsquo;s print of 98 cents per share on revenue of $6.52 billion.



However, the tech-centric Nasdaq Composite has been choppy since April 11. Further, Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) recently suffered a big drop despite beating revenue and profitability targets. That might mean Nvidia needs a groundbreaking report to please possibly jaded analysts.



<h2>Why It Matters</h2>



During the CNBC interview, Druckenmiller noted that the &ldquo;big payoff&rdquo; regarding the AI narrative &ldquo;might be four to five years from now.&rdquo; That puts the near-term forecasted trajectory of NVDA stock into perspective. Right now, <a href="https://www.tipranks.com/stocks/nvda/forecast">analysts on average</a> believe Nvidia shares will reach $1,005.59 per share in the next 12 months. That&rsquo;s limited upside for what could be a major downside risk if the company fails to impress onlookers.



On the date of publication, Josh Enomoto did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/stanley-druckenmiller-cut-his-stake-in-nvidia-nvda-stock/">Stanley Druckenmiller Cut His Stake in Nvidia (NVDA) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stanley Druckenmiller Cut His Stake in Nvidia (NVDA) Stock

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) stock continues to be a great way to play the boom in artificial intelligence. Currently trading 32% below the 52-week high it reached in March of this year, Super Micro Computer&rsquo;s stock looks vulnerable right now, especially after investors reacted badly to the company&rsquo;s <a href="https://www.nasdaq.com/press-release/supermicro-announces-third-quarter-fiscal-year-2024-financial-results-2024-04-30">first-quarter financial results</a>. 



However, the Q1 print showed incredible growth at the company and justifies the astounding 510% growth in the share price over the last 12 months. What&rsquo;s more, the outlook provided by Super Micro Computer makes it likely that the stock will continue rising at a steady clip.



<h2>Surging Growth and SMCI Stock</h2>



Super Micro Computer&rsquo;s <a href="https://www.cnbc.com/2024/05/01/super-micro-stock-plummets-18percent-after-posting-revenue-miss-.html">stock fell 14%</a> after the company issued its Q1 results. At first glance, the drop might make investors think the company delivered a big miss with its print, not so. 



The maker of high-efficiency servers that run AI microchips and semiconductors reported earnings per share of $6.65 compared to $5.78 that was expected on Wall Street. Revenue for Q1 came in at $3.85 billion, which was below the $3.95 billion consensus forecast of analysts.



However, despite the miss, the company&rsquo;s <a href="https://baystreet.ca/stockstowatch/17836/Super-Micro-Computers-Stock-Falls-Despite-200-Revenue-Growth">revenue was up 200% </a>year over year. In the previous fourth quarter of 2023, Super Micro Computer reported 103% year-over-year revenue growth. 



That&rsquo;s an incredible growth rate that should be the envy of every other company. Unfortunately, the meteoric rise in Super Micro Computer&rsquo;s stock has brought with it a high bar for the company to jump with its earnings. The 200% revenue growth, while huge, seems to have left analysts and investors wanting more.



Super Micro Computer&rsquo;s executive team said the company&rsquo;s Q1 growth would have been greater had it not been for the shortage of a key component needed to make its in-demand servers. 



Management said that the supply chain continues to improve and should be better moving forward, enough that the company <a href="https://www.investors.com/news/technology/smci-stock-super-micro-fiscal-q3-2024-earnings/">raised its forward guidance</a>. 



Super Micro Computer now expects fiscal 2024 revenue of $14.7 billion to $15.1 billion, up from a previous outlook of $14.3 billion to $14.7 billion. The new guidance implies year-over-year revenue growth of 582% at the midpoint.



<h2>Unreasonable Expectations </h2>



A lot has happened with Super Micro Computer over the past year. SMCI stock skyrocketed after announcing a strategic partnership with leading AI chipmaker Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). 



The company&rsquo;s market capitalization soared from $4.50 billion at the end of 2022 to nearly $50 billion today. Earlier this year, Super Micro Computer&rsquo;s stock was <a href="https://www.wsj.com/tech/ai/super-micro-computer-company-profile-d93a41da">added to the S&amp;P 500 index</a>, where it immediately became the top performing security, up 190% on the year.



Clearly, the lightning fast growth in Super Micro Computer&rsquo;s stock has<a href="https://qz.com/super-micro-computer-stock-price-analyst-ai-hardware-1851413881"> raised expectations</a> to the point where they have become unreasonable. When year-over-year revenue growth of 200% leads to a 14% decline in the stock price, things have become distorted. 



However, the current pullback in the share price is likely a good thing as it will give analysts and investors time to reset their expectations and help SMCI stock rise at a more measured and sustainable rate moving forward.



<h2>Buy Super Micro Computer Stock </h2>



In many respects, a pullback and reset of Super Micro Computer&rsquo;s stock was inevitable after its massive run higher over the last year. 



While the stock remains vulnerable to a bigger downturn in stocks related to AI, the risks are worth it given the rapid growth in the company&rsquo;s sales and profits, and its future growth potential. 



With big rewards likely to continue, shareholders should feel comfortable taking a calculated risk on this company. <a href="https://finance.yahoo.com/news/super-micro-computer-time-buy-131500204.html">Super Micro Computer&rsquo;s stock is a buy</a>.



On the date of publication, Joel Baglole&nbsp;held a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com &nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0" target="_blank">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/the-risk-is-worth-the-reward-when-it-comes-to-super-micro-computer-stock/">The Risk Is Worth The Reward When It Comes to Super Micro Computer Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Super Micro Stock: Sell-Off Is A Buying Opportunity (Technical Analysis)

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Legal

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Super Micro Computer, Inc. - SMCI

Supermicro Expands Edge Compute Portfolio to Accelerate IoT and Edge AI Workloads with New Generation of Embedded Solutions

SiMa.ai, CVEDIA and Supermicro Announce Collaboration to Bring Smart City Solutions to the Edge

Supermicro Announces Upcoming X14 Server Family with Future Support for the Intel® Xeon® 6 processor with Early Access Programs

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims  On Behalf of Investors of Super Micro Computer, Inc. - SMCI

Supermicro to Announce Third Quarter Fiscal 2024 Earnings on April 30, 2024

Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction