$SUPER MICRO COMPUTER INC(SMCI)$ Actually it makes sense. Smci has very thin profit rate at 7%. The gross margin is only 11.5%. Even it doesn't have tariff, the general higher cost due to the cost to society is around 3%, which will bring gross margin down to 8% and net profit to probably 4.5%. I am long, but I do question profitability and related multiplier change due to the tariff. If Trump doesn't drop most tariffs, the stock can have a reduced price for around 50 dollars. Given uncertainty discount for 30%, I am better off shorting tsla. However, I do believe that tariff will drop very soon and govn will provide low cost land and credit for AI industry. Still looking at 90 in fall and 150 next fall.
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