Aug. 31 at 2:15 PM
$SMCI🚨🐂 BEARS BETTER BE PAYING ATTENTION THIS WEEK.
$DELL earnings Tuesday.
$HPE earnings Wednesday.
And look at these forward P/E multiples:
🔥 SMCI— ~8.6X
🔥 HPE — ~13.4X
🔥 DELL — ~24.6X
Read that again.
SMCI, one of the biggest pure-play beneficiaries of the AI server / GPU infrastructure buildout, is trading at roughly ONE-THIRD of Dell’s forward multiple.
That valuation gap is getting ridiculous.
If Dell and HPE come out this week talking about accelerating AI server demand, hyperscaler spending, GPU infrastructure and continued data-center growth, Wall Street gets another confirmation that the AI infrastructure boom is FAR from over.
And who has enormous exposure to exactly that spending?
SUPER MICRO...
SMCI closed around
$37 Friday. A simple move into the
$44–
$46 range would still leave this company nowhere near Dell’s valuation multiple.
I’m looking for the market to finally start closing this valuation gap.
Mid-
$40S this week is absolutely on the table if DELL/HPE deliver strong AI commentary.
The bears have been pricing SMCI like AI growth disappeared.
This week Dell and HPE may remind them just how wrong that thesis is. 🔥🚀
$NVDA $AMD
