Aug. 28 at 3:36 PM
$SMCI 🚀 The valuation disconnect is staring the market in the face.
AI infrastructure demand is exploding alongside
$NVDA, and Supermicro is directly in the middle of that buildout with rack-scale AI systems and liquid cooling.
Now compare forward P/E:
🔥 SMCI: ~8.6×
$DELL: ~23×
$HPE: ~13–14×
$CRWV: N/M — currently unprofitable
Let that sink in.
SMCI is profitable, generated
$39B+ FY26 revenue, is guiding toward
$65B–
$72B FY27 revenue, and yet trades at a MASSIVE discount to Dell.
The independent Special Committee investigation also found no evidence of misconduct by management or the Board.
And here’s the kicker:
Using ~
$3.44 EPS and only a 25× P/E = ~
$86/share.
A 25× multiple isn’t remotely crazy when DELL is already around 23× forward earnings while SMCI is growing directly into the NVDA driven AI infrastructure boom.
NVDA sells the engines.
SMCI builds the AI factories.
At ~8.6× forward earnings, the market is pricing SMCI like a slow-growth hardware company—not one sitting at the center of the AI infrastructure supercycle.
That’s the opportunity.
