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$SMCI +24.4% today — what's driving it?
$SMCI is moving hard: +24.37% on the day, now at 31.72.
Day range: 28.50 – 31.82.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 19 points
2 Comments
ASu/aziz_sami·1mo
It's all momentum for now. I'm not chasing a pump on SMCI at these levels; the valuation is getting stretched.
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Looks like it's a mix of AI demand and perhaps some short covering pushing this. Definitely a wild ride today, wonder how long it can sustain this kind of upward pressure.