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EC SD | SMCI is down hard today because they said they cannot publish their annual report on time this year. Yesterday a short fund published an investigation showing several dubious activities in that company, some of which are criminal (like selling high tech to restricted nations). A few years ago they had some similar accounting issues and the SEC kicked them out of the stock market public listings. This could happen again - is the worst fear.
The sage advice for "accounting irregularities" like this is to run!!!
Now NVDA is highly volatile with earning tonight. They will highly likely beat their targets. That doesn't mean the stock will go higher in the days or weeks following, but the overall long term trend higher is strongly in place. | |
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SMCI NVIDIA
