Core Viewpoint - Super Micro Computer Inc. (SMCI) is set to report its third-quarter 2025 earnings, with Wall Street anticipating earnings per share of 50 cents on revenue of $5.42 billion, although investor confidence remains low due to significant stock declines and past issues [1][2]. Financial Performance - The stock has decreased by 60.99% over the past year and is down 1.85% in the last month, despite a year-to-date gain of 7.79% [1]. - Allegations of accounting irregularities and delayed financials have led to a loss of over 80% of its market cap from peak levels [2]. Technical Analysis - SMCI stock is currently priced at $32.33, below all major moving averages, indicating a bearish trend [3]. - The eight-day simple moving average is $34.07, the 20-day is $33.33, the 50-day is $36.55, and the 200-day is $41.03, all suggesting downward momentum [3]. - The Moving Average Convergence Divergence (MACD) is at a negative 0.82, and the Relative Strength Index (RSI) is at 45.38, indicating a lack of bullish conviction [4]. Analyst Ratings - Recent ratings from Barclays, JPMorgan, and Mizuho suggest a consensus price target of $34.67, representing a 7.49% upside from current levels, with a "Neutral" consensus rating due to governance concerns and margin pressures [5].

Turning $10,000 into $1 million is no small feat. That requires a return of 100 times on your investment, and few companies can deliver that. For this to work properly, you need a stock that's relatively inexpensive, is in the middle of a general trend, and doesn't have too high a market cap to begin with.Super Micro Computer (SMCI -4.54%), commonly called Supermicro, checks all of those boxes. It is a participant in the artificial intelligence (AI) race, is valued at a dirt cheap price, and tips the scales ...

Core Insights - The Q1 2025 earnings season is ongoing, with Super Micro Computer (SMCI) and ARM Holdings (ARM) among the companies reporting this week [1][14] - The AI sector has seen a cooling off in 2025, leading to recalibrated expectations for these companies [1] ARM Holdings - ARM is expected to show robust growth, with a Zacks Consensus EPS estimate of $0.52, indicating a 44% year-over-year growth [3] - Revenue expectations for ARM stand at $1.2 billion, reflecting a 33% increase compared to the same period last year, driven by the broader AI market [5] - Analysts have made modest downward revisions to EPS expectations since early February, but overall growth outlook remains positive [3][14] Super Micro Computer (SMCI) - SMCI has been a strong performer in 2025, gaining 5% compared to a 3% decline in the S&P 500 [8] - However, expectations for SMCI have significantly declined, with the current Zacks Consensus EPS estimate at $0.30, down over 50% since February [11] - Revenue expectations for SMCI are currently at $4.9 billion, which is an 18% decrease from earlier estimates [11] - Valuation multiples for SMCI have decreased, with shares trading at an 11.0X forward 12-month earnings multiple, a 47% discount compared to the S&P 500 [10] Comparative Analysis - Revisions for ARM have been more stable compared to the significant negative revisions for SMCI [7][14] - Both companies have outperformed the S&P 500 in 2025, but the outlook for ARM appears more favorable heading into their earnings releases [7][14]

Super Micro Computer TodaySMCISuper Micro Computer$33.71 +0.98 (+2.99%) 52-Week Range$17.25▼$101.40P/E Ratio16.92Price Target$48.73Add to WatchlistShares of Super Micro Computer Inc. NASDAQ: SMCI have been on a roller coaster of a ride over the past 12 months, swinging by triple-digit percentage points due to company-specific speculation and industry-wide uncertainties impacting future expectations of the business fundamentals. Some of these uncertainties have been cleared, while others seem to still have ...

Core Viewpoint - Super Micro Computer (SMCI) has experienced significant volatility, with its stock losing about two-thirds of its value over the past year due to disappointing earnings and various operational challenges [1][2]. Company Performance - Supermicro's fiscal Q3 earnings are expected to be disappointing, with revenue forecasts lowered from $5 billion to $6 billion to a new range of $4.5 billion to $4.6 billion [9][10]. - The adjusted earnings per share (EPS) forecast has also been reduced from a range of $0.46 to $0.62 to $0.29 to $0.31, indicating a decline from the previous year's adjusted EPS of $0.66 [10][11]. - The company's gross margin has been under pressure, dropping from 17% a year ago to 11.3% in fiscal Q4, and further declining to an expected 9.7% in the most recent quarter [7][8]. Market Dynamics - Supermicro operates in a highly competitive and commoditized market, primarily integrating systems around Nvidia's GPUs, which has led to low gross margins [6][5]. - Customers are delaying decisions on platform purchases, opting to wait for Nvidia's new Blackwell chip instead of purchasing older Hopper chip-based servers, which may lead to inventory issues [11][12]. Investment Considerations - Despite a forward price-to-earnings ratio of under 12x, Supermicro's low gross margin and the nature of its business have historically resulted in a lower valuation multiple [15]. - The company is positioned to benefit from the AI infrastructure buildout, but it must address its inventory and margin challenges to capitalize on this opportunity [16].

Group 1: AI Market Overview - The AI market was valued at $189 billion in 2023 and is expected to surpass $4 trillion by 2032 [1] Group 2: Company Profiles - Nvidia and Super Micro Computer are both positioned to benefit from rising AI demand, but they have different strategies [2][3] - Super Micro Computer specializes in selling custom servers designed for AI applications, while Nvidia supplies GPUs that are integral to these systems [4] Group 3: Financial Performance - Both companies are projected to achieve over 50% sales growth this year due to increased AI infrastructure spending [5] - Nvidia's gross margins are over six times higher than those of Super Micro Computer, and its price-to-earnings (P/E) ratio is more than double [5] Group 4: Competitive Position - Nvidia controls 70% to 95% of the AI GPU market, while Super Micro Computer holds only 8% of the AI server market, indicating Nvidia's stronger competitive position [8] - Nvidia's business model is harder to replicate compared to Super Micro Computer's, which is more susceptible to commoditization [7] Group 5: Future Outlook - Super Micro Computer's revenues are expected to grow with rising AI infrastructure investments, but its gross margins are not anticipated to expand significantly due to the commoditized nature of its business [9] - Nvidia is expected to maintain its industry-leading margins and is considered a fair investment at 25 times forward earnings, given its dominant market position and growth potential [9]

Core Viewpoint - Super Micro Computer Inc. (NASDAQ: SMCI) experienced a significant decline in stock price, dropping 12% following the release of disappointing preliminary results for its second financial quarter [1] Company Summary - The stock price of Super Micro Computer Inc. fell sharply, indicating investor reaction to the company's underperformance in its latest financial results [1]

Group 1 - The analyst focuses on macroeconomic trends with a global perspective, emphasizing sectors such as technology, semiconductors, AI, and energy [1] - The investment strategy is centered on a long-only, unleveraged portfolio aimed at capital preservation and capturing asymmetric upside during market dislocations [1] - The Nasdaq High-Alpha Black Swan Portfolio is a key component of the analyst's work, designed for resilience and long-term outperformance [1] Group 2 - The analyst has disclosed a beneficial long position in shares of NVDA and AMD, indicating a personal investment interest in these companies [2] - The article expresses the analyst's own opinions without any compensation from the companies mentioned, ensuring an independent viewpoint [2]

这说明，H100以及更广泛的Hopper系列产品的需求已不如以往。事实上，H100的库存水平可能更 高，这意味着SMCI无法下架H100，并因此受到冲击，其毛利率也将大幅下降220个基点。 那么，让我们来看看这告诉我们什么。 S M C I 知 名 度 较 差 作者 | Tech Stock Pros 超微电脑公司（ Super Micro Computer, Inc.，纳斯达克股票代码：SMCI）周三股价暴跌，盘前交易 中暴跌17%，收盘下跌11%，此前该公司周二盘后公布了初步业绩。 该公司遭遇了服务器行业的最新打击，每股收益0.29美元至0.32美元，几乎是预期0.54美元的一半， 营收为45亿美元至46亿美元，比预期的55亿美元低了约10亿美元。以下是管理层的解释： 在第三季度，一些延迟的客户平台决策将销售转移到第四季度……由于老一代产品导致库存储备 较高。 早在二月份，SMCI 就将其 2025 财年（截至 6 月 30 日）的销售额预期从 260 亿美元下调至 300 亿 美元，降至 235 亿美元至 250 亿美元。 首席执行官表示，预计公司的液体冷却业务将在未来 12 个月内继续表现良好，这将使 ...

Core Insights - Single-stock covered call funds have gained popularity in recent years, particularly for providing investors with exposure to high-performing technology stocks like NVIDIA and Tesla, while also offering high double-digit yields [1] Group 1 - The rise of single-stock covered call funds is attributed to their ability to combine stock exposure with attractive yield returns [1]