$SUPER MICRO COMPUTER INC(SMCI)$ Why SMCI might be outperforming Dell?
Dell reported earnings at the end of May, but didn't disclose any backlog figures comparable to SMCI's recent announcement of $39B in orders over the last month or so.
That's very notable, because Dell's earnings came almost a month after SMCI's last report.
What could be driving such a huge surge in SMCI's orders compared to Dell's in that same timeframe?
I think it's DCBBS.
We heard Charles say recently that rollout with DCBBS can be done in about 4 months, while it takes others 18 months. In this new AI world, that's a lifetime. And DCBBS offers a nearly limitless upgrade path.
Honestly, when they announced the dilution news, I basically shrugged it off. I expected it. And the way they structured it is quite good and shareholder-friendly. What I focused on much more is the $39B in orders in a month. That's equivalent to a full year of their previous guidance. It's four times last quarter's entire revenue. And they said it's from 20 customers.
I think the $149.99 level is worth watching.
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