After SMCI's audited performance is announced, $38 is reasonable.
Others are greedy when I am fearful, and I am greedy when others are fearful! SMCI's office building in Silicon Valley has grown from one building to more than a dozen, with explosive growth in employees and production capacity. The SMCI office buildings added on both sides of Highway 880 in Silicon Valley have attracted a lot of attention. Fixed assets have been continuously increasing, company performance has doubled, and the stock price has dropped to the level of December 2022. It is indeed a good time to buy. The current P/E ratio is 10 times. Even if there are some financial inaccuracies, they would not exceed a 20% error. And the stock price has dropped by 50%. As long as you have patience to hold, the market will eventually reflect the true value of the company's performance. A valuation of $38 is reasonable.
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WeiTheSaint469 : shutup u typed this earlier