Buying in view of business update on 11 Feb and subsequent announcement - Supermicro Ramps Full Production of NVIDIA Blackwell Rack-Scale Solutions with NVIDIA HGX B200.

Second batch of buying. First batch at ~$29 and sold at ~$33. 

What to expect for the business update on 11 Feb?

1. SMCI to likely update on Nasdaq outstanding filing progress. Date is primed exactly 2 weeks before the deadline. Failure to provide any updates with time ticking down would mean collapse in share price. The announcement arrested the fall. If SMCI sought another extension, expect SMCI's share price to fall hard. Market would view accounting issues deeper than expected and dishonour any subsequent management's timeline projection since the previous projection to file on time was not attained. If projected to meet deadline, expect share price to significantly as one big issue clear.

2. Indicative quarter and possibly future revenue and profit projection. Expect a tepid quarter with accounting issues and Blackwell delays but a robust future projection . Malaysia plant would likely improve margins. Blackwell rack announcement seems to be hinting that SMCi is primed for good growth. 

Might hold longer or sell depending on the business  update.