- SMCI saw a meteoric rise from $35 to $120, but failed to sustain gains, dropping to $17 due to technical and external pressures.
- Bottoming in all probability at the $17 region, in this article we look at what may be next price wise for this equity as the ascent north continues.
- SMCI’s core business in high-performance servers and cloud computing remains strong, with key customers like Nvidia, AMD, and Intel.
I watched Super Micro Computer Inc. (NASDAQ:SMCI) curiously punch higher at a furious rate from its initial breakout of $35.69 post stock split in August of 2023, the exact price point this equity sits at. Justin Ward is the CEO of De Ward Markets and author of Profiting From Stocks The Three Wave Theory.De Ward Markets offers near – medium and long term analysis for US and global indexes, equities and cryptocurrencies. The company offers two primary services consisting of the Market Tracker, which is updated weekly for members charting probable future pricing for the markets De Ward cover and the Before The Bell membership, which includes a live daily forum where members can interact in real time while De Ward offer video analysis of potential moves ahead also covering major announcements such as earnings and economic releases. De Ward Markets macro future pricing analysis is published exclusively with Seeking Alpha making the companies calls transparently available to the financial sphere.
