Smci futures following a muted open
Following a muted open, SMCI futures climbed to $885 on speculative accumulation as traders anticipated AI-driven Q3 earnings beats. Futures order books show thinner ask-side liquidity above $890, signaling potential upside squeezes. Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high-performance server and storage solutions based on modular and open architecture. This company offers a range of qualities that make it a compelling investment. For instance, as illustrated in the fiscal year 2024 fourth fiscal report, reported net sales were $5.31 billion versus $3.85 billion in the third quarter, and $2.18 billion in the same quarter of last year. It demonstrates the company's strong market demand, expansion in sales, and ability to scale operations effectively. In addition, the company, in collaboration with NVIDIA, is showcasing the latest solutions for the retail industry at the National Retail Federation. As generative AI grows in capability and becomes more easily accessible, retailers are leveraging NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform, for a broad spectrum of applications. Nasdaq 100 Powers Higher as Apple Steals the Spotlight from SMCI After testing $900 resistance, SMCI futures pulled back to $888 as profit-taking swept across big-cap tech plays. Volume analysis shows heavier sell-side contracts, hinting at near-term swing trading rather than long-hold positioning.
Return this item for free
We offer easy, convenient returns with at least one free return option: no shipping charges. All returns must comply with our returns policy.
Learn more about free returns.- Go to your orders and start the return
- Select your preferred free shipping option
- Drop off and leave!