AI bubble. Avoid this stock.-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Wenmoon
2024-02-06

AI bubble. Avoid this stock.

Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge

The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer

Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge

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Jfierydragon
·2024-02-06
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Avoid this stock.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/270957423841544","repostId":2409696834,"repostType":2,"repost":{"id":"2409696834","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1707186694,"share":"https://ttm.financial/m/news/2409696834?lang=en_US&edition=fundamental","pubTime":"2024-02-06 10:31","market":"us","language":"en","title":"Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2409696834","media":"Dow Jones","summary":"The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer ","content":"<html><head></head><body><p>The Nvidia partner company is expected to see ballooning revenue as AI spending booms</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a50da5fe04782a3b83cc1e3af6e3c84\" alt=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" title=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" tg-width=\"923\" tg-height=\"612\"/><span>Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.</span></p><p>Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.</p><p style=\"text-align: start;\">Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.</p><p>Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.</p><p style=\"text-align: start;\">Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.</p><p>“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”</p><p>While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.</p><p style=\"text-align: start;\">His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.</p><p style=\"text-align: start;\">Super Micro declined to comment on either stock transaction.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-06 10:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Nvidia partner company is expected to see ballooning revenue as AI spending booms</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a50da5fe04782a3b83cc1e3af6e3c84\" alt=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" title=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" tg-width=\"923\" tg-height=\"612\"/><span>Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.</span></p><p>Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.</p><p style=\"text-align: start;\">Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.</p><p>Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.</p><p style=\"text-align: start;\">Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.</p><p>“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”</p><p>While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.</p><p style=\"text-align: start;\">His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.</p><p style=\"text-align: start;\">Super Micro declined to comment on either stock transaction.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4587":"ChatGPT概念","SMCI":"超微电脑","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4592":"伊斯兰概念","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4549":"软银资本持仓","BK4588":"碎股","BK4579":"人工智能","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4532":"文艺复兴科技持仓","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4581":"高盛持仓","BK4543":"AI","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4527":"明星科技股","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4585":"ETF&股票定投概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4503":"景林资产持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4529":"IDC概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409696834","content_text":"The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.Super Micro declined to comment on either stock transaction.","news_type":1,"symbols_score_info":{"SMCI":0.9}},"isVote":1,"tweetType":1,"viewCount":3323,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":270964862116120,"commentId":"270964862116120","gmtCreate":1707191326306,"gmtModify":1707191341076,"authorId":3579028995240368,"author":{"id":3579028995240368,"idStr":"3579028995240368","authorId":3579028995240368,"name":"Jfierydragon","avatar":"https://community-static.tradeup.com/news/89fb99270da675b61218f3f7e5fdbb87","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.23","exceedPercentage":"93.57%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":270957423841544,"objectIdStr":"270957423841544","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"it just <u>began</u>","text":"it just <u>began</u>","html":"it just <u>began</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}