ACT NOW: Super Micro Computer (SMCI) Headlines Create a HUGE Opportunity to Buy Before Earnings

The stock of Super Micro Computer Incorporated (SMCI) dropped 10% in pre-market due to an announcement that the company will offer 2 million shares, which is seen as diluting existing shares but is part of the growth process for an AI stock. Despite recent profit taking and selling, the stock has the potential to rally higher, with a target price of $1,500.
Video Summary
[00:00]( • ACT NOW: Super Micro C... ) Super Micro Computer Incorporated (SMCI) stock was down 10% in pre-market activity due to the news of offering 2 million shares into the market, which is seen as part of the growth process for an AI stock.
- The stock price triggered a psychological reaction among investors.
- The offering of 2 million shares is seen as a way for SMCI to raise capital for business growth.
- The goal of raising capital is to increase revenue and earnings per share.
[01:51]( • ACT NOW: Super Micro C... ) Super Micro Computer Incorporated (SMCI) plans to reinvest the money raised from the sale of shares back into their business, while the stock experienced a pullback after hitting a psychological level of $1,000 per share.
- SMCI will use the funds raised to support their business operations.
- The stock traded in the S&P 500 for the first time and the company presented at the Nvidia conference.
- Despite expectations of positive news, the stock experienced profit-taking and a pullback from its highs.
- The stock had a significant rally after beating earnings in January, reaching $1,200 per share before experiencing a 30-35% pullback.
[03:44]( • ACT NOW: Super Micro C... ) The company's inclusion in the S&P 500 has attracted attention from analysts and big banks, leading to potential growth in the stock price.
- Inclusion in the S&P 500 has brought in big money and garnered the attention of Wall Street.
- Analysts have started upgrading the stock and more are expected to cover it, which could attract more investors.
- The recent profit taking event and the company's sale of 2 million shares have caused a slight dip in the stock price, but it could be a good buying opportunity.
- The target price for the stock is $1,500.
[05:38]( • ACT NOW: Super Micro C... ) Chris predicts a buy the rumor rally for SMCI, driven by the psychology of missing out on opportunities and raising target prices by analysts.
- The stock is up 220% after a 30% pullback from the $1,200 level.
- Analysts are recommending buying SMCI shares and raising their target price.
- The next support level is expected to be at 900, with a worst-case pullback to 750.
- Chris' target price for SMCI is $1,500, which they believe could be reached before July 30th.

[@user-mj1tu2qs7q]

It’s been on my list with MSTR, NVDA, AMD & SMCI !

[@davidevans3199]

I love your videos! Your voice tone and tempo makes it easy to understand the information for a beginner such as myself.

[@oreheltneg]

despite not a popular channel, I like the detailed scripts thus timeline added

[@vikirin1918]

im holding to this for long term

[@sarahcovell561]

thanks for the discussion on SMCI, that announcement was all over youtube yesterday and I was wondering what your take is!

[@LisaLisa815]

I'm ready for earnings. High that day will be $1443. How do I know? I don't. But I'm always right. I'll check back on this unedited post that day.😅

[@keithrogers4170]

I think the market will factor in another stupendous earnings report BEFORE April 18th and SMCi will easily surpass $1400 in the run up…post-earnings release expect $1700-1900

[@LisaLisa815]

​@@keithrogers4170I would so be happy if you're right and I'm wrong. Lol Let's meet back here on earnings day.

[@kasforai]

I put $200 just now and sure one day will be 20,000

[@gayathrijayawardena1424]

Thanks for your explanation. Was waiting for someone to comes out and say something

[@claudionunes7705]

Money Morning, any opinion about this no preliminary results from $SMCI ?

[@Ann-20007]

👏👏👏👏❤

[@Shepp6769]

On the psychological front; a split might be a good idea

[@MoneyMorningDaily]

Split would be a great idea, add NVDA to that list

[@Shepp6769]

Are MM going to let the price drop much below the 875 secondary price?

[@2brntb]

How come your notification did not work?

[@user-mj1tu2qs7q]

This is the level $940 > it then broke 🚀to $1,120

[@R1D1CK69]

premarket already 932

[@BcottStudios]

Why disable the like and dislike?

[@flourishgem9618]

I need that slight correction to get in

[@keithrogers4170]

It’s happened over the past week and is now recovering

[@user-mj1tu2qs7q]

Unless it’s a rug pull, it goes to 1,120

[@sarahcovell1169]

SMCI having a good day after Jerome Powell yesterday