---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/37249754.md"
description: "$Super Micro Computer(SMCI.US)Here's some psychological comfort for everyonePrerequisite: Never use leverageNVIDIA dropped 70% in 2022, don't be complacentThere are many players in this field - Dell, HP, ASUS, MSI, Gigabyte, etc. - with fierce competition. SMCI is currently in the painful transition from AI server provider to AI infrastructure solution providerMain reasons for current price drop:1. Poor Q1 earnings and Q2 gross margin guidance made the market doubt its competitiveness and moat2. Overvalued companies usually have monopoly characteristics like Eli Lilly, NVIDIA3. Undervalued stocks often face cutthroat competition like HP, DellPriced as PC hardware company: reasonable at $5-10Priced as high-growth AI infrastructure company: reasonable around $30Reasons for optimism:1. Q2 was the gross margin trough at ~6.5%, mainly dragged by low-margin $13B orders. But these strategic orders won't stay this low (reference Dell's guidance)2. Early launch and fast implementation of DCBBS solution helps capture market share. Maintenance alone will become long-term profit at scale3. Sovereign nations, research institutions and schools will expand purchases. SMCI's rapid DCBBS deployment gives it an edge"
datetime: "2025-12-19T00:49:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/37249754.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/37249754.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/37249754.md)
author: "[阳光男孩儿](https://longbridge.com/en/profiles/16579043.md)"
---

# $Super Micro Computer(SMCI.US)Here's some psycholo…


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## Comments (6)

- **期权艾伦 · 2025-12-19T02:55:16.000Z**: Is it possible that everyone feels even more desperate after watching your massage, haha
- **阳光男孩儿 · 2025-12-19T01:00:57.000Z**: The gross margin in the second quarter exceeded expectations, and if the guidance for the third quarter's gross margin is good, the stock price will return to the 50-60 range in two months. If the second-quarter gross margin is lower than 6.5% and the guidance is further downgraded, then we'll likel
  - **超微电脑倒闭了吗** (2025-12-19T04:23:21.000Z): There's simply no bottom in sight now. The AI positive news has nothing to do with SMCI, and Micron's price increase is still being impacted. It doesn't feel like selling pressure anymore - it's big i
  - **淡定8** (2025-12-19T04:53:27.000Z): Say nothing, don't leverage, just lie flat inside. At most hold for a year or two.
  - **阳光男孩儿** (2025-12-19T08:27:28.000Z): When everyone thinks it's going to fall, it's basically the bottom, because there are no new sellers