$SMCI: Goldman Says Sell, But I’m Still Bullish
$SMCI: Strong Earnings, But Wall Street Still Doubts It$超微电脑(SMCI)$
SMCI just delivered a major upside surprise
• Revenue guidance raised to $18.5B–$19.5B, well above expectations
• Gross margin guidance improved to 12%–12.5%
• Strong AI server demand continues to drive growth
Goldman Sachs still rates it Sell with a $34 price target, citing valuation and funding risks
My take: I remain bullish on SMCI’s growth potential. AI demand is real, and improving margins are an encouraging sign. The key is whether the company can turn explosive revenue growth into sustainable profits and cash flow.
Watch the Nov. 3 earnings call. The opportunity is there, but execution matters
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