Posted 3/18/2024, 11:57:40 AM
SMCI Stock Soars on AI Server Demand, But Bears Call for Pullback Despite Strong Growth Outlook
- SMCI stock has seen fast growth recently, causing some bears to doubt sustainability and call for a reversal
- However, AI server market growth projections remain strong, suggesting continued momentum for SMCI
- SMCI is well positioned competitively to maintain market leadership in AI servers
- Additional upside catalysts include further earnings growth and analyst forecast increases
- SMCI completes AI exposure, alongside chips like NVDA, and deserves consideration as a long-term AI infrastructure play