Aug. 12 at 11:14 AM
$SMCI The analyst double standard on SMCI is becoming impossible to ignore.
$CRWV can carry massive debt and heavy capital requirements and analysts focus on AI demand and future growth.
$DELL and
$HPE can operate slower-growth infrastructure businesses and analysts emphasize backlog, AI opportunity and long-term execution.
But when SMCI delivers explosive growth, improving margins and huge forward demand, suddenly the conversation becomes: “Can we trust it? Is it sustainable? What about the risks?” 🤔
Same AI boom. Different microscope.
That doesn’t mean SuperMicro deserves a free pass, governance history absolutely warrants scrutiny. But scrutiny should be applied consistently across the sector.
If analysts value CRWV on future AI demand and
$DELL/
$HPE on expanding AI infrastructure, then SMCI deserves to be evaluated on the same fundamental question:
How much revenue and profit can this AI infrastructure demand ultimately produce?
Eventually fundamentals have a funny way of overpowering narratives.
$SPY 🔥
