Super Micro Computer, Inc. (SMCI) stock surged over 50% after reporting earnings last week. The top and bottom line results weren’t stellar. The guidance, however, was enough to fuel a buying frenzy, driving the stock’s rally to a 110% gain this month. But is it sustainable? Once SMCI pulls back, does it have the technical strength and fundamental conditions to make it a favorable trade? SMCI set its revenue guidance to $40 billion by 2026, an ambitious target. Many analysts are skeptical, with several maintaining their “underweight” rating. Investors, on the other hand, are jumping in regardless, betting on increased AI infrastructure spending, particularly among giants like Meta (META), Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT). With bulls and bears divided, what do the technicals say? What entry points and targets might the price action give us, if any? Let’s get started. Below is a weekly chart detailing SMCI’s two-year…
