Analyzing the Sharp Decline and Future Prospects of SMCI Ahead of Its Stock Split

From a high of $725, the price has fallen to $535, representing a $190 decline in less than 12 hours—a 26.21% drop. This raises questions about whether retail investors or other stakeholders are selling off their positions.

Overall, $SMCI.US$ has experienced a significant decline, dropping from $1229 to $535, amounting to a 56.47% decrease over the past few months. The exact duration of this decline remains to be clarified.

As the company prepares for a 10-for-1 stock split scheduled for October 1, 2024, the market's response is uncertain. Will $SMCI.US$ follow in the footsteps of $NVDA.US$, which saw its stock price rise post-split? Or will it mirror $AVGO.US$, which experienced a downward pressure on its stock price before the split, ostensibly to make shares more "affordable"?

I personally hope $SMCI.US$ avoids the negative outcomes seen with $AVGO.US$, as the post-split results were disappointing.

*This is my personal views, and I am not giving advice nor informing anyone to act on certain way! Do share you opinion.