SMCI Yahoo Finance data points to a strong 52-week range between $200 and $1,000+, highlighting the stock’s massive rally in line with AI infrastructure momentum. Many traders anticipate further bullish sentiment into the next earnings cycle. Lastly, its cheap valuation also aids the bull case thesis for Super Micro Computer, Inc. (NASDAQ:SMCI). The stock is trading at 14 times its forward earnings while the market average sits at 23. Its earnings are also expected to grow by 54% during the year to reach $34.09. SMCI was held by 47 hedge funds in Q2 2024, with total positions worth $1.46 billion. Management highlighted hurdles, including limited access to capital, which slowed production scaling, and shifting product specifications from major customers that impacted Q4 results. Longer purchase cycles, a side effect of rapid advances in AI technology, added yet another challenge. SMCI Yahoo Finance futures sentiment tracks high open interest in call options around the $1,000 strike, signalling bullish derivatives positioning.
