Thoughts on $SMCI's current run
Interesting to see $SMCI up another 15%+ today. While the AI infrastructure narrative is strong, this kind of parabolic move always makes me cautious. Anyone seeing fundamental justification for this sustained pace, or is this primarily short covering and FOMO at this point? I closed my long position from a few weeks back into this strength.
I think a lot of people missed the initial move and are now chasing. Your move to close out some profits seems smart.
It's a tough call. Are they truly undervalued even at these levels, or is it a classic bubble forming? Time will tell.