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Stock to Watch: $SMCI
Supermicro is starting to setup.
$SMCI was one of my biggest winners last year.
Unfortunately, it had some accounting issues. But it’s still one of the main beneficiaries of the AI infrastructure build out. And right it looks like it might be ready for its next move higher.
This is a classic VCP or volatility contraction pattern with clear accumulation.
Previous Updates
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- Weekly Market Update: All Eyes On the Mag 7
- Weekly Market Update: Earnings Season Is Here
- Market Update: The FinTech Comeback
- Weekly Market Update: Halftime
- Market Update: The Robots Are Coming
- Weekly Market Update: The Broadening
- Market Update: The Break Point
- Weekly Market Update: Patience
- Market Update: The Memory Crunch
- Weekly Market Update: The First Trillionaire
- Market Update: In Focus
- Weekly Market Update: Deleveraging
- Market Update: A Change of Character