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Started By
Message
SMCI shares plunge 35% Premarket as auditor resigns after raising concerns months earlier
Posted on 10/30/24 at 8:12 am
Posted on 10/30/24 at 8:12 am
AMD down 8% after last nights earnings report.
Don't shoot the messenger
Don't shoot the messenger
This post was edited on 10/30/24 at 8:15 am
5
Posted on 10/30/24 at 8:23 am to Norway
Yeah it's concerning
Posted on 10/30/24 at 8:48 am to Norway
Nobody is going to shoot you, come on now.
Through everything it has faced, it is still up 14% on the YTD
and 34% YoY
It was by far my big winner of 2024, but the CEO has messed up in the past and has again.
Going with my post yesterday however on xAI, they are still a key cog with deploying NVDA chips and that is not slowing down. Who is going to be brave enough to buy?
Through everything it has faced, it is still up 14% on the YTD
and 34% YoY
It was by far my big winner of 2024, but the CEO has messed up in the past and has again.
Going with my post yesterday however on xAI, they are still a key cog with deploying NVDA chips and that is not slowing down. Who is going to be brave enough to buy?
Posted on 10/30/24 at 10:13 am to DarthRebel
quote:
Going with my post yesterday however on xAI, they are still a key cog with deploying NVDA chips and that is not slowing down. Who is going to be brave enough to buy?
I'm very tempted to buy, but I'm also scared as hell given the big as hole I'm in right now with SMCI. Maybe someone on here can talk me into stop being a little bitch.
Posted on 10/30/24 at 11:09 am to Norway
Love your stops, not your stocks!
Posted on 10/30/24 at 1:09 pm to DarthRebel
quote:
they are still a key cog with deploying NVDA chips and that is not slowing down
SMCI has more competition than NVDA. I haven't looked at why xAI used SMCI. My guess is cost. There are other vendors out there that can do the same thing in a smaller footprint but with different facility requirements.
Posted on 10/30/24 at 1:30 pm to hob
quote:
SMCI has more competition than NVDA. I haven't looked at why xAI used SMCI. My guess is cost. There are other vendors out there that can do the same thing in a smaller footprint but with different facility requirements.
SMCI is/was a niche player that focused on high performance, liquid cooled servers. That just happen to align perfectly with the AI boom, which is the same story of NVDA. They just happen to make a GPU that is best for AI.
Other chip makers are playing catchup with NVDA and that is also true for your large server companies like Dell and HP playing catch-up to SMCI. Dell and HP are have a workload making traditional servers that run businesses, they have to find the capacity to do what SCMI is doing. They can, but it is not happening tomorrow.
Why did xAI choose SMCI, because it was ready to go and done in record time. It could have been cost, but cost is not really a deciding factor for Musk.
SMCI could see themselves get purchased potentially, as they have a viable product, just some idiots running the company.
Posted on 10/30/24 at 2:07 pm to Hammond Tiger Fan
This is just a suggestion if you are wanting to limit exposure....
SMCX or SMCY.
Smcy pays a monthly dividend andbits based off of calls sold on scmi.
Smcx is a 2x leverage. When scmi dropped today it dropped from 10 to about $3.50.
SMCX or SMCY.
Smcy pays a monthly dividend andbits based off of calls sold on scmi.
Smcx is a 2x leverage. When scmi dropped today it dropped from 10 to about $3.50.
Posted on 10/30/24 at 2:09 pm to DarthRebel
quote:
HP playing catch-up to SMCI.
HPE bought Cray. Cray was making liquid cooled computers since the 1970s and HPE continues to do that today.
A HPE/Cray liquid cooled rack holds 1024 gpus but requires 4x6 feet of floor space. It requires 400V and a lot of water. As I mentioned before, other companies can do this with different facility requirements. It's more efficient than the equivalent number of 19" racks. However, building out the physical plant isn't for everyone. There's tradeoffs to be made in deciding which way to go.
Posted on 10/30/24 at 2:59 pm to hob
It's more efficient than the equivalent number of 19" racks.
This is like arguing betamax vs. VHS. It does not matter if they have been doing it since the 1970s, Supermicro was/is becoming the industry leader. The TCO is going to be more than just what is the most efficient as well.
SMCI are making racks specifically designed around the NVDA chips, that is a main helper for them as well.
This is like arguing betamax vs. VHS. It does not matter if they have been doing it since the 1970s, Supermicro was/is becoming the industry leader. The TCO is going to be more than just what is the most efficient as well.
SMCI are making racks specifically designed around the NVDA chips, that is a main helper for them as well.
Posted on 10/30/24 at 3:57 pm to Norway
I have a small amount of SMCI but I am not nearly as up to speed on it as many in this thread. I do admit to getting carried away on AMD and the electrical sector which will have to support much of this hoped-for growth like Eaton and Vertiv (which have been fantastic). What is the board's opinion on AMD?
Posted on 10/30/24 at 4:28 pm to DarthRebel
Efficiency does matter. Small changes in efficiency means millions of dollars difference in operating expenses.
The HPE/Cray racks I mentioned were also designed for this same purpose and have been in use for decades. They have gone through many iterations to evolve with the technology. I'd argue it's a better design due to the density plus power and cooling efficiency.
SMCI has good thing going but they aren't the only game in town which goes back to my original statement. NVDA has a solid lock on the gpu market. I'm not sure SMCI has such a firm grip on the sheet metal market.
I'm really curious to know more details like what stack is being used to deploy/manage this beast. Things can get interesting trying to boot that many nodes at once. It takes a small cluster just to run things.
The HPE/Cray racks I mentioned were also designed for this same purpose and have been in use for decades. They have gone through many iterations to evolve with the technology. I'd argue it's a better design due to the density plus power and cooling efficiency.
SMCI has good thing going but they aren't the only game in town which goes back to my original statement. NVDA has a solid lock on the gpu market. I'm not sure SMCI has such a firm grip on the sheet metal market.
I'm really curious to know more details like what stack is being used to deploy/manage this beast. Things can get interesting trying to boot that many nodes at once. It takes a small cluster just to run things.
Posted on 11/1/24 at 8:48 am to Norway
Looks like a lot of smoke now coming out, especially with SMCI facing delisitng on the NASDAQ
I think it is has become very apparent that SMCI has been cooking the books for a while, be curious to see how much it affects NVDA. As they were their third largest customer
Mizuho article on WCCFTech
quote:
In the aftermath, Super Micro Computer delayed the filing of its annual report for the fiscal year that ended on the 30th of June, 2024, presumably in a bid to undertake a comprehensive internal review. Under the prevailing statutory requirements, that report had to be filed by the 30th of August. What's more, SMCI's continuing dilatory tactics have now attracted the wrath of the Nasdaq exchange, which has warned of a potential de-listing action should the firm fail to file the requisite annual report by the 16th of November.
quote:
To wit, Mizuho believes that, as an enterprise with a negative working capital paradigm that necessitates extensive external funding to purchase large volumes of GPUs and liquid-cooled products "to build multi-million dollar NVL72 Blackwell rack systems," Super Micro Computer might not be able to tap the requisite external liquidity in the coming days, owing to a growing host of risk factors. Should SMCI face a funding deficit, it will have a direct bearing on NVIDIA, which is "now at risk of missing guidance," as per Mizuho's assessment.
I think it is has become very apparent that SMCI has been cooking the books for a while, be curious to see how much it affects NVDA. As they were their third largest customer
Mizuho article on WCCFTech
Posted on 11/1/24 at 9:02 am to UltimaParadox
NVDA should just buy SMCI at the discounted price it is now Their market cap is like $15B now, they could absorb that cost with ease.
Posted on 11/1/24 at 9:45 am to Jjdoc
SMCX at $2.50 now
Posted on 11/1/24 at 9:48 am to DarthRebel
quote:
NVDA should just buy SMCI at the discounted price it is now Their market cap is like $15B now, they could absorb that cost with ease.
Hard to say that NVDA would want to be in that business, margins typically were very small in the past with a lot more competition. They have not really ventured into that market.
However, even if they wanted to. They would never try to buy SMCI at this point until the dust settles with the regulatory concerns. For all we know if its delisted it could be a death spiral
Posted on 11/1/24 at 10:30 am to UltimaParadox
quote:
However, even if they wanted to. They would never try to buy SMCI at this point until the dust settles with the regulatory concerns. For all we know if its delisted it could be a death spiral
This. Your accounting firm suddenly resigns. There is an Ethiopian in the fuel supply.
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