Super Micro Computer (SMCI): Strong Entry After Stock Split

hace 7 días

So far, we’re seeing a strong entry on SSMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥

Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value.

At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If SSMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside.

As always, we’re keeping a close eye on developments and will update you with any new moves.