so is smci the next “ai picks and shovels” stock to get pumped up 40x?
it’s up 18% after hours because the company reported improving margins and (wait for it) a "massive $60b backlog".
this is a company with a long list of accounting and governance issues. to me, the fact that the market is willing to immediately look past all of that is another sign that we are in a serious ai bubble driven by speculation.
who is actually buying this thing after hours? surely serious institutional investors aren’t buying this stock, … right?
Posted by gbdgdh
15 Comments
They’re only pumping cause its been a couple of weeks since they were caught committing fraud
I think between the accounting fraud and the smuggling probably a headach to avoid.
Just buy $DELL $HPE and $PENG
What are you even crying about? This stock is still down 75% from its highs lmfao
and then drop 18% in open market. fraud is fraud.
I still wouldn’t touch this stock with a 10 foot pole. Been burned before
Next we know -30% AH for some illegal practices they got caught for
They have 60 billion in orders in one quarter. Checks their market cap….wtf?!
Look at the five year chart on this guy. This stock wild. Filled with corruption, fraud, all exciting.
Eh
I wouldn’t call it purely a bubble, but I also wouldn’t chase an 18% after hours move blindly
I mean, they had 10B in revenue in a quarter and are a 16B market cap.
I dont think those numbers compare to any other company thats been pumped.
Yes, they have regulatory issues and all that but, again it has a 16B market cap with 40B+ in yearly revenue.
Buy SMCL instead. For fun.
It will dump hard when it will be revealed that the backlog comes from OpenAI and Anthropic which they can’t afford without another massive funding round lmao.
The operating leverage is huge. They are historically a 5% margin business. This is why is moves like this
Retail investors might not be reading beyond the headlines and yet FOMO kicked in and yet when overall market rejects at open they are first to dump because they are inexperienced.