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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: Big Tech Divergence
- Weekly Market Update: Accumulation
- Weekly Market Update: The Best Quarter
- Weekly Market Update: Rate Hikes
- Weekly Market Update: AI is Not Slowing Down
- Market Update: Has AGI Arrived?
- Weekly Market Update: Consolidation
- Weekly Market Update: September is Here
- Market Update: Nvidia Crushes Earnings
- Weekly Market Update: Yields
- Market Update: The Future of Biotech
- Weekly Market Update: Earnings Acceleration
- Market Update: The Next Generation of AI Infrastructure