Jul. 26 at 12:28 PM
$SMCI $SPCX Quite simple to explain that too, the market does this to any stock worth buying. DELL was charged for accounting fraud, SMCI has not but is being treated as though it was???
DELL was accumulated during their accounting fraud days, there has been no word on SMCI's investigation for over 2 years. They dont report that nothing was found, only if there is something material to report, otherwise you would have so many SEC reports about not finding anything for hundreds of companies. Given the time this "investigation" has been going on, its likely not even still happening, given SMCI is working with authorities and is not a defendant in the smuggling charge, if the investigation returned that they may have been deemed responsible they would have been a defendant.
The market just likes to make a big deal out of something that isnt even a thing. This usually happens during accumulation.
$NVDA went through it, Jensen was hated,
$AMZN and even
$META.
