$SMCI is up over 15% today, currently at 35.345. That's a significant move. Is this a genuine continuation of the AI-driven data center narrative, or more of a short squeeze playing out given its relatively high short interest? The volume looks decent.
Could be a bit of both. The AI narrative still has legs, but with that kind of short interest, any positive catalyst can really light a fire under it. I'm watching for follow-through tomorrow.
I'm leaning more towards a squeeze. The fundamentals haven't drastically changed to warrant a 15% jump in one day. Volume is good, but let's see if it holds.
It's a tough call with SMCI. While the AI narrative is strong, that kind of daily pop often has a significant short covering component, especially with the elevated short interest. We'd need to see if it holds these gains over the next few days.