Feb. 7 at 2:53 AM
$SMCI heres a few tickers that had similar issues to what SMCI has gone through, they had to wait for remediation actions to happen much like weve had to, however they gained massively from regaining that trust.
$NET $DAKT $ADM
And last but not least
$AMD
AMD’s material weaknesses were not fraud related and not revenue faking. They were classic scale and complexity control failures, very similar in type to what SMCI has disclosed.
In otherwords ICOFR risks are accumulation zones if the business itself is decent. SMCI checks this box as noted by the institutional accumulation that has taken place. 84.06% institutional ownership.
Very similar to what happened with AMD, it had massive institutional accumulation during that phase too.
