SMCI sinks on filing delay. Strategist says she's buying the dip
Super Micro Computer (SMCI) stock is under pressure. The company announced it was delaying its annual report. It comes after claims from short seller Hindenburg Research alleging "accounting manipulation" at the company. Defiance ETFs CEO & CIO Sylvia Jablonski joins Catalysts to discuss her bullish outlook on the stock despite these allegations.
Jablonski suggests that if SMCI can demonstrate they have the situation under control and their accounting is accurate, "then this is a great buy on the dip opportunity." She highlights the stock's impressive growth over two years, the company's leadership in cooling data centers, and the upcoming 10-for-1 stock split scheduled for October.
"I really like getting things on sale, and I think that this stock, again, looking into the future, AI is going to go on forever. There's gonna be different iterations of AI, and this is a top player," Jablonski states.
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This post was written by Angel Smith