SMCI $38 is a fair price.
Others are greedy when I am fearful, and I am greedy when others are fearful! SMCI's office buildings in Silicon Valley have grown from one 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 are a sight to behold. Fixed assets have been steadily increasing, company performance has grown exponentially, and the stock price has fallen to the level of December 2022. It is indeed a good time to buy. The current P/E ratio is 10 times. Even with some financial errors, it will not exceed a 20% margin of error. And the stock price has dropped by 50%. As long as you have patience and hold on, the market will eventually reflect the true value of the company's performance. An estimated value of $38 is reasonable.
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