This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
19.02.2024 - 18:55 / wccftech.com / Rohail Saleem
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Super Micro Computer shares (NASDAQ: SMCI) were on course to eclipse Tesla's blistering 3,413 percent rally recorded in the 29 months between 2019 and 2021, pumped by the ongoing mania on steroids around everything AI-related. Yet, this speculative frenzy appears to have been slayed by that sword of Damocles for the modern-day stock market trader - the dreaded Cramer curse that ensues almost every major endorsement by CNBC's Jim Cramer.
Cramer's ability to parrot the market's consensus view is legendary. Unfortunately, his roving eyes tend to land on a particular stock only when the laws of gravity are about to exert their influence, equipped with all of the self-righteousness that must necessarily accompany the market's senile tendencies.
Just around 1 year ago, Super Micro Shares were trading at a price of around $88. Last Thursday, the stock eclipsed the $1,000 price level, corresponding to gains of over 1,000 percent!
At the heart of Super Micro Computer's blistering rally is the stock's close association with the darling of the AI world - NVIDIA. To wit, SMCI's biggest client is NVIDIA, and its second-biggest client is an entity that is backed by NVIDIA.
For the benefit of those who might not be aware, Super Micro Computer manufactures high-performance servers, which are in high demand right now, given the ongoing gold rush to train and deploy AI-powered solutions for diverse products and services.
As this AI-driven rally in Super Micro Computer shares entered its "blow the lid off" phase in January 2024, the Fintwit community started drawing parables with Tesla's blistering rally in 2019 - 2021, when the high-flying EV stock registered gains of 3,413 percent in just 29 months. If SMCI had managed to close at the $1,300 price level, it would have eclipsed Tesla's record. Alas, this was not meant to be.
Last week, the CEO of Super Micro Computer gave a series of high-profile interviews, including to Jim Cramer in his Mad Money show on CNBC. On Friday, the Cramer curse demanded its pound of flesh, when the high-flying stock tumbled around 20 percent, or $200, to close at the $803.32 price level. Even so, the stock is still up 812 percent over the past year.
Samantha LaDuc recently gave an interesting play-by-play commentary on what happened with Super Micro Computer last week. Basically, the stock experienced a gamma squeeze on the back of soaring activity in 0DTE (zero-day-to-expiration)
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Dragon's Dogma 2's character creator is now out in the wild, giving us full scope to experiment and bask in the glory of how many options this thing has, and seriously, there's a lot.
Helldivers 2's game director has a huge Warhammer habit, so if the hit shooter ever gets "giant microtransactions," you know why.
The many regions that players have visited throughout the Pokemon games all draw inspiration from real-world locations, inspiring one fan from Amsterdam to imagine what a counterpart to their home city would look like in the world of Pokemon. Their absolutely amazing pixel art project not only captures a similar vibe to that associated with the older Pokemon games, but also does a great job of showcasing what a Netherlands-inspired region might look like in the games' world.
Following NVIDIA's Chat with RTX launch, AMD is now offering users their very own localized & GPT-based LLM-powered AI chatbot which can run on Ryzen AI CPUs & Radeon 7000 GPUs.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
WWE 2K24 MSRP $70.00 Score Details DT Recommended Product Pros
According to SteamDB, Starfield's Steam listing was recently updated, adding an «unknown app» to the Steam backend that's widely speculated to be the Shattered Space DLC.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Insomniac Games has released a public statement in response to layoffs at the studio announced this week by parent company Sony Interactive Entertainment.
Yesterday, Sony announced a major reduction in its PlayStation Studios' global workforce, including prized developers like Guerrilla Games.