Super Micro's Accounting Issue and Nvidia's Key Quality

Published: Aug 27, 2024 Duration: 00:03:06 Category: News & Politics
Tags : semiconductors nvidia earnings NVIDIA Corp. Paul Sweeney 10-K Hindenburg Research Ivan Feinseth Meta Platforms Inc. Super Micro Computer Inc. Tom Keene Accounting Deloitte & Touche LLP Jen-Hsun Huang short-selling
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In 23, they switched to Deloitte Touche. So I guess they're going through the filings again to make sure that there are no issues. I mean, Hindenburg does have a short position in the stock and then they do published research that recommends shorting the stock based on accounting irregularities. So, I mean, it is hindenburg's work has been questionable. However, I do like Supermicro. It is part of the AI play. So I right now feel this weakness is a buying opportunity and they are a tremendous partner with Nvidia. So to manage outsource data centers. So hopefully there are no irregularities and we look back and this will have a buying opportunity. You've been doing this forever and you've got a wonderful skepticism built into your securities analysis. I got 66 buys, eight holds, no sells, and the juggernaut known as in Vedere. What does the iPhone radar say when you see everybody on board? Well, I think back in the olden days, they used to view a lot of buy ratings as being a contrarian indicator. Yet it has not been the case within video. I you can see on Bloomberg that my split adjusted initial buy rating going back, I think the 2015 is now like $0.50. But NVIDIA is in at the core of this process of being able. Originally they were able to take digital information and turn it into visual information at a faster level through their graphics processors. And now they are taking visual information and turning it into digital information, which is really the driver of this whole large language machine learning process. I think do you believe, as others have said to us, that basically invidious as you're not going to get the Reuben or the Black Well, unless you buy the present ship and that they're basically almost creating a luxury stock scarcity by saying you don't get the 2026 chip unless you load the boat with a 2024 chip. Is there veracity to that? Well, they can. They controlled the market. And, you know, there is a huge demand for processors. Even the CEO of Supermicro, who's friends with Jason, I mean, Jensen Huang continues to ask him for more and more chips. You have Mark Zuckerberg at Mehta asking for more and more processors. There's huge demand and the data centers are being built based on each level of processor. While you're building out the current processor based on the hopper, which is the current processor, then it'll be followed by the. BLACKWELL The and NVIDIA has to, like any company, take care of their best customers first.

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