以下部分引用 AI 总结，现阶段 AI 仍然有幻觉。请以内容的原文为准。

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SMCI

229 atoms · 跨 31 天 · 首见 2026-04-17 · 最近 2026-07-01

三色: 🟦 fact 167 · 🟥 take 62 · stance ▲63/▼49/◆22

叙事状态: ⚔️ contested (分歧) · 📉 放缓 · 策展近14d 2 atom · 🐦 X 近14d 19

状态只算低频策展源 (群/卖方); X firehose 仅作背景音量

来源: 群 3 · X 211 · 卖 1

时态: fresh:209 · aging:15 · stale:5

标签: 好数字:132 · 好信源:59 · 好观点:54 · 好思考:5 · 好问题:1

🟨 AI 综合 · junior analyst 概览

展开 AI 综合 (灰色 · 非市场结论 · 点击数字溯源到原 atom)

model: deepseek-chat · 2026-07-12 · 默认折叠

SMCI 营收已从ChatGPT前的50亿飙升至400亿 ¹，其中AI服务器占比超60% ¹。但过去一段时间，公司一边宣布发行70亿权益类融资 ¹，一边烧掉了约70亿现金 ¹。Rosenblatt认为潜在涨幅可达43.7%并将目标价上调至40美元 ¹ ¹，而空头则指出毛利率仅6.3%不值400亿营收规模 ¹。更糟的是，SMCI正因涉嫌违反出口管制接受调查，Evercore认为这给股价带来额外压力 ¹ ¹。还有人称其存在“欺诈无限提款机”般的问题 ¹。最终，这家公司面临客户集中度风险、执行治理风险和持续利润率压力 ¹ ¹ ¹。

🧭 拥挤度 (一人一票): ▲ 9 位作者 (KOL9) vs ▼ 14 位作者 (KOL13 · 卖方1)

⚖️ 空头 13/14 来自KOL

📄 广泛报道的事实 · 4 个

展开 (多人转述同一事实/数字 — 确认度高, **非独立观点**, 不标多空)

办公室被搜查 — 2 源报道 · Xnewsletter
办公室突袭调查 — 3 源报道 (含3快讯) · X
Q4 net sales guidance — 2 源报道 (含2快讯) · X
盘后涨幅 — 2 源报道 (含2快讯) · X

💢 核心分歧 (6 轴)

1. AI需求真实性 vs 合规风险压制

*topic: 订单需求/出口管制 · 11 bull vs 2 bear*

🟢 bullish 侧:

<a id="atom-cbd284385cc02aa1"></a>2026-05-06 X·@Sino_Market · 盘前涨幅 · 价格动态/订单需求
SUPER MICRO SHARES JUMP 19.3% PREMARKET AFTER CO FORECASTS Q4 RESULTS ABOVE ESTIMATES
tags: 好数字·好信源 · → daily
value: qty=19.3% · direction=up
[图: 美超微（Super Micro）因第四季度业绩预测超预期而盘前大涨19.3%的新闻快讯卡片 — 盘前涨幅: 19.3%; 预测季度: Q4]
📷 原图
<a id="atom-53dc7d2da12d8c61"></a>2026-05-28 X·@AIStockSavvy · 协助台湾当局防止服务器转售至中国 · 出口管制/供应链
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $SMCI Supermicro Assisted Taiwan Authorities in Preventing Server Diversion to China ➤ Investigation led to arrest of 𝟑 suspects and seizure of 𝟓𝟎 servers.
tags: 好数字 · → daily
value: qty=50 · unit=服务器 · direction=na
<a id="atom-4b1b85eb94f2f6d5"></a>2026-05-29 X·@TheTranscript_ · SVP on NeoCloud demand · 订单需求/技术路线
So from a demand perspective and NeoClouds, it's quite -- I think it's quite evident to everyone that the NeoClouds are getting large contracts from the hyperscalers, and there's a dispersion of these workloads across the NeoCloud base that's fueling the NeoClouds and the advent of more and more, so on top of the -- some of the model builders expanding.
tags: 好信源 · → daily
<a id="atom-aa9154df9d784003"></a>2026-06-08 X·@ScroogeCap · xAI新增1500个GB300机架订单 · 订单需求/出货量 +同日1条
they've added 1500
tags: 好数字 · → daily
value: qty=1500 · unit=机架
[图: Bluefin关于SMCI获得xAI新订单的研究报告截图 — 1500个GB300机架 (新订单数量); 52亿美元 (新订单估值); 350万美元/机架 (单机架估算价格); 3100个机架 (此前出货给Colossus 2的数量); 1000个机架 (此前出货给特斯拉的数量)]
📷 原图
<a id="atom-ef6bd756c66ad70c"></a>2026-06-11 X·@NuttyCLD ⭐ · AI 服务器订单额 · 订单需求
$39B in AI server orders
tags: 好数字·好信源 · → daily
value: qty=$39B

🔴 bearish 侧:

<a id="atom-e0fe2043929cf35e"></a>2026-05-08 X·@mzuhair123 · 涉嫌帮助走私含有先进NVIDIA芯片的服务器到中国 · 出口管制/地缘政治
A firm linked to Thailand's national AI initiative is suspected of helping smuggle ‌billions of dollars' worth of Super Micro Computer $SMCI opens new tab servers containing advanced Nvidia (NVDA.O), opens new tab chips to China, Bloomberg News reported ⁠on Friday, citing people familiar with the matter.
tags: 好信源 · → daily
📷 原图
<a id="atom-7836645da97780ea"></a>2026-06-29 X·@faststocknewss · 办公室突袭调查 · 出口管制/地缘政治
SUPER MICRO $SMCI OFFICE REPORTEDLY RAIDED IN TAIWAN CHIP SMUGGLING PROBE
tags: 好信源 · → daily
value: date=2026-06-29

2. 累计毛利复苏 vs 结构性短板

*topic: 盈利能力/盈利能力 · 6 bull vs 2 bear*

🟢 bullish 侧:

<a id="atom-8d9813163ed8a37d"></a>2026-05-05 X·@TheTranscript_ [老化中] · CEO 宣称利润率复苏和 DCBBS 业务快速增长证明业务稳健 · 盈利能力/营收增长
Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust.
tags: 好观点 · → daily
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图
<a id="atom-f6685b9a49c5ee07"></a>2026-05-05 X·@financialjuice · Q3 adjusted EPS · 盈利能力
Adjusted EPS $0.84, est. $0.63
tags: 好数字 · → daily
value: qty=$0.84 · date=Q3
<a id="atom-0592044b7538f527"></a>2026-05-06 X·@AIStockSavvy · 利润率改善预期 · 盈利能力 +同日1条
improving margins
tags: 好观点 · → daily
value: direction=up
📷 原图
<a id="atom-4151040ecdf1dacb"></a>2026-05-06 X·@zerohedge · 毛利率改善 · 盈利能力
the company reported improved margins and gave a profit forecast that suggested it’s controlling the costs
tags: 好数字 · → daily
value: direction=改善
<a id="atom-c616e83d95d2a7f6"></a>2026-06-11 X·@AIStockSavvy · CY28 EPS model · 盈利能力
CY'28 EPS Model: $2.90
tags: 好数字 · → daily
value: qty=$2.90 · date=CY2028
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图

🔴 bearish 侧:

<a id="atom-3dcc928fae3e08c7"></a>2026-06-24 X·@WaterworldCapi1 · 业务性质评价 · 盈利能力/商业模式
Always has been a terrible business. For decades now and hasn't changed.
tags: 好观点 · → daily
<a id="atom-faa1f6f1501a28c4"></a>2026-06-24 X·@akramsrazor · 客户补贴行为 · 定价权/盈利能力
they are basically subsidizing their customers
tags: 好观点 · → daily

3. 巨额融资补血 vs 股权稀释风险

*topic: 融资/仓位情绪 · 3 bull vs 9 bear*

🟢 bullish 侧:

<a id="atom-3fe9e8d2535ea011"></a>2026-04-17 X·@TBU12345678 [老化中] · 空头在2024下半年回补 · 仓位情绪
shorts like $SMCI $MU $DELL $AMD could actually crack in H2
tags: 好思考 · → daily
value: date=2024-H2
<a id="atom-202fb924792dcf7f"></a>2026-05-23 X·@BruceCMaster [老旧] · price action after FBI incidents suggests good business · 仓位情绪
the price action after the FBI incidents seems to say it is still a good business after some solvable issue
tags: 好观点 · → daily
<a id="atom-ddd203eb578ebb11"></a>2026-06-11 X·@HyperTechInvest · 上涨潜力条件 · 仓位情绪
$SMCI has more upside if they get their shit together
tags: 好观点 · → daily

🔴 bearish 侧:

<a id="atom-fc07daec89e4e5a9"></a>2026-06-09 群 · 宣布 70 亿美元融资导致约 30% 股权稀释 · 融资/股权稀释
SMCI 宣布 70 亿美元融资，相当于约 30% 的股权稀释，由 JPM 和 GS 承销
tags: 好数字 · → daily
value: qty=$7B, ~30% dilution
<a id="atom-ef0083ce00418280"></a>2026-06-09 X·@TBU12345678 · 正在进行的股票发行规模占市值比例 · 融资/仓位情绪
$SMCI casually doing an offering that's ~30% of the Company's current market cap. SECURE THE BAG
tags: 好数字 · → daily
value: qty=~30% · direction=negative
<a id="atom-b2eefd6e051b3dfe"></a>2026-06-10 X·@cnfinancewatch · 盘后出现大量看跌期权成交 · 仓位情绪
$SMCI 盘后出现大量看跌期权成交，行权价$35-40
tags: 好数字 · → daily
<a id="atom-d4726a77aff5f828"></a>2026-06-10 X·@zerohedge ⭐ · 权益及权益挂钩融资计划 · 融资/订单需求
Super Micro Computer (SMCI) falls 11% after the company said it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39b in AI server orders it has received from customers.
tags: 好数字·好信源 · → daily
value: qty=$7B · purpose=fund component purchases for ~$39B AI server orders
<a id="atom-95a49eaa01d09f86"></a>2026-06-10 X·@StockSavvyShay · 宣布股票增发规模 · 融资/股价波动
$SMCI falls more than 25% after announcing a $7B stock offering.
tags: 好数字 · → daily
value: qty=$7B
[图: Super Micro Computer (SMCI) 股价单日走势图，显示因宣布增发股票导致股价大跌超25% — 当前股价: $30.16; 今日跌幅: -25.80%; 今日下跌金额: -$10.48]
📷 原图

展开 3 条中性

<a id="atom-9daac86afcbc35dc"></a>2026-06-09 X·@TheTranscript_ · 融资策略 · 融资
$SMCI trying to follow in the footsteps of Google's $85B equity raise
tags: 好观点 · → daily
<a id="atom-d1d93acdb186a7dd"></a>2026-06-12 X·@AIStockSavvy · 发行7%强制可转换优先股 · 融资
SMCI 发行 7500 万股 7% Series A 强制可转换优先股
tags: 好数字 · → daily
value: qty=7500万股
<a id="atom-e0893d379796a53c"></a>2026-06-10 newsletter·Reuters · 股权融资计划 · 融资
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
tags: 好数字 · → daily
value: qty=$7 billion

4. DCBBS/美国制造扩产 vs 诉讼阴影

*topic: 供给产能/监管政策 · 4 bull vs 8 bear*

🟢 bullish 侧:

<a id="atom-c0738813fcc986f4"></a>2026-04-27 X·@AIStockSavvy · expected to create hundreds of U.S. jobs across multiple functions · 供给产能/人事变动 +同日1条
Expected to create 𝐡𝐮𝐧𝐝𝐫𝐞𝐝𝐬 of U.S. jobs across multiple functions.
tags: 好数字 · → daily
<a id="atom-b981793fedc64792"></a>2026-05-05 X·@wallstengine [老化中] · Commentary on US manufacturing and demand · 供给产能
“With the addition of our new US manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals.”
tags: 好观点 · → daily
📷 原图
<a id="atom-5b2f795d695f7e6b"></a>2026-06-24 X·@AIStockSavvy · 双节点架构可减少硬件需求 · 供给产能
Two-node architecture can reduce hardware requirements versus traditional three-node setups
tags: 好观点 · → daily

🔴 bearish 侧:

<a id="atom-14ae6531f993ba35"></a>2026-04-26 X·@PatrickMoorhead · 被指控从2024到2025年每20美元收入中有1美元来自与走私AI芯片至中国有关的前台公司 · 供应链/出口管制/监管政策
one in every 20 dollars Super Micro earned from 2024 to 2025 came from a front company that allegedly worked with a rogue executive to smuggle AI chips to China
tags: 好问题 · → daily
value: qty=1/20 · date=2024-2025
📷 原图
<a id="atom-1716c9d444ea6653"></a>2026-05-05 X·@stevehou [老化中] · 股价过去12个月表现 · 出口管制/监管政策
Nothing says “we are so back” like $SMCI flipping after hours to be about flat over the past 12 months despite being allegedly caught on CCTV footage and corroborative braggadocious self-admission that they were violating US export controls and smuggling NVidia GPUs into China.
tags: 好观点 · → daily
value: qty=$33.23 · date=2026-05-06
[图: Super Micro Computer (SMCI) 过去一年的股价走势及涨跌幅图表 — 股价: $33.23; 过去一年涨幅: $0.13 (0.39%)]
📷 原图
<a id="atom-ebc13bafe2f5d8fa"></a>2026-06-29 X·@wallstengine · 办公室被搜查 · 监管政策
SUPER MICRO $SMCI OFFICE RAIDED AS TAIWAN EXPANDS CHIP SMUGGLING PROBE
tags: 好数字 · → daily
value: direction=raided · date=2026-06-29
<a id="atom-af7e0d0eb5dc9288"></a>2026-06-29 X·@negligible_cap · 被调查 · 监管政策/出口管制
$SMCI raided as Taiwan expands chip smuggling probe: Local investigators raided the residences of six individuals and the sites of three affiliated companies on Monday as part of the ongoing probe into allegedly illegal exports of Super Micro’s servers
tags: 好信源 · → daily
value: qty= · date=2026-06-29
<a id="atom-d2a97c8976378c44"></a>2026-06-29 X·@AIStockSavvy · 台湾办公室被搜查 · 监管政策/地缘政治
SMCI Super Micro office raided in Taiwan
tags: 好信源 · → daily
value: date=2026-06-29
📷 原图

5. 营收指引超预期 vs 实际出货缺口

*topic: 营收/业绩指引 · 7 bull vs 5 bear*

🟢 bullish 侧:

<a id="atom-ab7c1a3121953870"></a>2026-05-05 X·@financialjuice · Q4 adjusted EPS guidance · 业绩指引
Sees Q4 adjusted EPS $0.65 to $0.79, est. $0.57
tags: 好数字·好信源 · → daily
value: qty=$0.65 to $0.79 · date=Q4
<a id="atom-e43fd7be2ef37a7d"></a>2026-05-05 X·@Techmeme · Q4 营收指引 · 业绩指引 +同日1条
forecasts Q4 revenue and adjusted profit above estimates
tags: 好数字 · → daily
value: date=Q4 (2026年)
<a id="atom-270479d2c6104482"></a>2026-05-06 X·@Sino_Market · Q4 业绩预告 · 业绩指引
SUPER MICRO SHARES JUMP 19.3% PREMARKET AFTER CO FORECASTS Q4 RESULTS ABOVE ESTIMATES
tags: 好数字·好信源 · → daily
value: direction=above estimates · date=Q4
[图: 美超微（Super Micro）因第四季度业绩预测超预期而盘前大涨19.3%的新闻快讯卡片 — 盘前涨幅: 19.3%; 预测季度: Q4]
📷 原图
<a id="atom-2423d31dcedc3c9c"></a>2026-06-11 X·@AIStockSavvy · CY28 revenue model · 营收
CY'28 Revenue Model: $68.2B
tags: 好数字 · → daily
value: qty=$68.2B · date=CY2028
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图
<a id="atom-5e512bc972263054"></a>2026-06-21 X·@cnfinancewatch · 管理层指引 · 业绩指引/订单需求
管理层指引Q1营收恢复正增长，液冷订单环比翻倍。
tags: 好数字·好信源 · → daily
value: text=Q1营收恢复正增长，液冷订单环比翻倍

🔴 bearish 侧:

<a id="atom-9afd254aa1a8c034"></a>2026-05-05 X·@financialjuice · Q3 revenue · 营收
Revenue $10.24B, est. $12.45B
tags: 好数字 · → daily
value: qty=$10.24B · date=Q3
<a id="atom-3fab165d5ce225ec"></a>2026-05-05 X·@Techmeme · Q3 营收 vs 分析师预期 · 营收
vs. $12.33B est.
tags: 好数字 · → daily
value: qty=$10.24B vs $12.33B
<a id="atom-fdaf0ee85ea360fd"></a>2026-05-06 X·@AIStockSavvy [老化中] · 近期营收压力 · 营收预测/业绩指引
near-term revenue pressure
tags: 好观点 · → daily
value: direction=down
📷 原图
<a id="atom-ff337116ad84ccc0"></a>2026-06-21 X·@cnfinancewatch · Q4财报营收同比 · 营收/财报
Q4财报营收同比-18%（库存调整影响）
tags: 好数字 · → daily
value: qty=-18% · date=Q4
<a id="atom-f6c27b3dd3f1a639"></a>2026-06-11 newsletter·Wolfe Research · 利润率压力 · 营收
SMCI faces continued margin pressure
tags: 好观点 · → daily

展开 2 条中性

<a id="atom-68fb79ab2408716f"></a>2026-05-05 X·@financialjuice · Q4 net sales guidance · 营收
Sees Q4 net sales $11.0B to $12.5B, est. $11.16B
tags: 好数字·好信源 · → daily
value: qty=$11.0B to $12.5B · date=Q4

6. 管理层承诺兑现 vs 历史失信记录

*topic: 管理层表态/诉讼 · 3 bull vs 5 bear*

🟢 bullish 侧:

<a id="atom-f9ef703336337990"></a>2026-05-28 X·@AIStockSavvy · 声称其审查超过政府要求 · 管理层表态/出口管制
Supermicro says its vetting exceeded applicable 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 requirements.
tags: 好观点 · → daily
value: text=Supermicro says its vetting exceeded applicable government requirements. · direction=na
<a id="atom-563f671b41bdfe45"></a>2026-06-02 X·@AIStockSavvy · CEO 产品性能陈述 · 管理层表态
Charles Liang: 'By combining Supermicro's DCBBS with AMD Instinct MI455X GPU architecture, we deliver unprecedented AI performance, improved power efficiency through advanced cooling, and scalable infrastructure for next-generation AI workloads'
tags: 好信源 · → daily
<a id="atom-3f75ae6330ccf51d"></a>2026-06-22 X·@AIStockSavvy · CEO Charles Liang表示加速基础设施部署的机构将引领下一代突破 · 管理层表态
The institutions that accelerate infrastructure deployment will lead the next generation of breakthroughs.
tags: 好观点 · → daily

🔴 bearish 侧:

<a id="atom-42b1645c6c47a964"></a>2026-05-06 X·@BenJammin1218 · 限制提问话题 · 管理层表态/诉讼
reminder, please only ask us about our quarterly financials… not about the indictment of our employees and board member for smuggling
tags: 好信源 · → daily
value: direction=仅限季度财务
<a id="atom-c37d2b4bcedfeee0"></a>2026-06-11 X·@HyperTechInvest · 历史承诺失败 · 管理层表态 +同日1条
el historial de la empresa fallando promesas
tags: 好观点 · → daily
<a id="atom-7a982938c3ba1757"></a>2026-06-29 X·@DeepValueBagger · CEO 需专注于执行而非走捷径 · 管理层表态
the dude just need to put his head down and execute rather than finding stupid shortcuts.
tags: 好观点 · → daily
<a id="atom-1a30583cd1564ed0"></a>2026-06-11 newsletter·Wolfe Research · 执行与治理风险 · 竞争/管理层表态
SMCI faces meaningful execution and governance risks
tags: 好观点 · → daily

展开 1 条中性

<a id="atom-9fa8a63a4d3eb4d3"></a>2026-06-09 X·@TheTranscript_ · SVP 关于存储器可用性和利润率压缩的声明 · 管理层表态
Prior to our earnings report, The Street was concerned about memory and memory availability and the margin compression that we see. And obviously, through the reported results, we showed that, that was not a constraint for us at that point in time.
tags: 好信源 · → daily

🔗 因果传导 (causal map)

*SMCI 在产业链上的传导关系. 边是群里/卖方陈述的因果 (非 AI 推断), 数字 = 几条 atom 支撑. 点 atom 溯源.*

↓ 下游·近期陈述 (2)

🟢 SpaceX · 订单转移 · 2 次陈述
SMCI (U/G on June 22) expected to win more NVL72s for SpaceX’s 2027 GW buildout
🟢 market share · 份额外溢 · 1 次陈述
expect SMCI to capture larger shares

🔮 前瞻触发器 (forward triggers)

*这些 atom 指向可能 reprice 的前瞻事件 (无精确日期, 仅类型). 配合上面叙事状态看「上膛」程度.*

监管/政策 (2 · ▲0/▼2)

🔴 2026-06-09 · 8-K 新增 Ablecom/Compuware 关联交易风险披露
8-K 文件新增了关于 Ablecom 和 Compuware 的关联交易风险
🔴 2026-06-09 · 披露收到来自 SDNY、EDNY、CDCA 和 BIS 的多项大陪审团传票
披露了来自 SDNY、EDNY 等的多项大陪审团传票

回购/分红 (1 · ▲0/▼1)

🔴 2026-06-09 · 宣布 70 亿美元融资导致约 30% 股权稀释
SMCI 宣布 70 亿美元融资，相当于约 30% 的股权稀释，由 JPM 和 GS 承销

🟦 客观事实 (facts) (30)

<a id="atom-ef6bd756c66ad70c"></a>🟦 2026-06-11 X·@NuttyCLD ⭐ · AI 服务器订单额 · 订单需求
$39B in AI server orders
tags: 好数字·好信源 · → daily
value: qty=$39B
<a id="atom-ba34b6e15f0979d4"></a>🟦 2026-06-11 X·@NuttyCLD ⭐ · 股权融资额 · 融资
a $7B equity raise
tags: 好数字·好信源 · → daily
value: qty=$7B
<a id="atom-d4726a77aff5f828"></a>🟦 2026-06-10 X·@zerohedge ⭐ · 权益及权益挂钩融资计划 · 融资/订单需求
Super Micro Computer (SMCI) falls 11% after the company said it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39b in AI server orders it has received from customers.
tags: 好数字·好信源 · → daily
value: qty=$7B · purpose=fund component purchases for ~$39B AI server orders
<a id="atom-81ba6bbf1c48cabd"></a>🟦 2026-05-31 X·@AIStockSavvy · Mizuho目标价 · 评级目标价
$SMCI | Mizuho Securities sets PT at $44
tags: 好数字·好信源 · → daily
value: qty=$44 · direction=na
📷 原图
<a id="atom-1f6fb7f22184d88f"></a>🟦 2026-05-06 X·@AIStockSavvy · 目标价 · 评级目标价
raises PT to $30
tags: 好数字·好信源 · → daily
value: qty=$30
📷 原图
<a id="atom-2e05aa04c42a5b04"></a>🟦 2026-06-24 X·@akramsrazor · 营收增长 · 营收/出货量
$smci went from $5bl in rev to $40bl since chatgpt came out
tags: 好数字·好信源 · → daily
value: qty=$5B to $40B · date=since ChatGPT launched (~Nov 2022 to mid-2026)
<a id="atom-2d01609005293dbf"></a>🟦 2026-06-24 X·@akramsrazor · 烧钱金额 · 现金流
managed to burn like $7bl
tags: 好数字·好信源 · → daily
value: qty=$7B · date=since ChatGPT launched (~Nov 2022 to mid-2026)
<a id="atom-5d3c45ce8fe77c35"></a>🟦 2026-06-24 X·@akramsrazor · 宣布增发股权融资 · 融资
need to raise $7bl in equity capital immediately
tags: 好数字·好信源 · → daily
value: qty=$7B
<a id="atom-5e512bc972263054"></a>🟦 2026-06-21 X·@cnfinancewatch · 管理层指引 · 业绩指引/订单需求
管理层指引Q1营收恢复正增长，液冷订单环比翻倍。
tags: 好数字·好信源 · → daily
value: text=Q1营收恢复正增长，液冷订单环比翻倍
<a id="atom-27b71fce7302cacc"></a>🟦 2026-06-14 X·@stevehou · 股价涨幅 · 价格动态
SMCI从$80涨到$1200
tags: 好数字·好信源 · → daily
value: qty=$80 to $1200
[图: Robinhood持仓界面截图，显示股票CLS的当前价格、买入均价及总收益率 — 当前价格: $395.21; 买入均价: $22.75; 总收益率: +1,637.20%]
📷 原图
<a id="atom-cbd284385cc02aa1"></a>🟦 2026-05-06 X·@Sino_Market · 盘前涨幅 · 价格动态/订单需求
SUPER MICRO SHARES JUMP 19.3% PREMARKET AFTER CO FORECASTS Q4 RESULTS ABOVE ESTIMATES
tags: 好数字·好信源 · → daily
value: qty=19.3% · direction=up
[图: 美超微（Super Micro）因第四季度业绩预测超预期而盘前大涨19.3%的新闻快讯卡片 — 盘前涨幅: 19.3%; 预测季度: Q4]
📷 原图
<a id="atom-270479d2c6104482"></a>🟦 2026-05-06 X·@Sino_Market · Q4 业绩预告 · 业绩指引
SUPER MICRO SHARES JUMP 19.3% PREMARKET AFTER CO FORECASTS Q4 RESULTS ABOVE ESTIMATES
tags: 好数字·好信源 · → daily
value: direction=above estimates · date=Q4
[图: 美超微（Super Micro）因第四季度业绩预测超预期而盘前大涨19.3%的新闻快讯卡片 — 盘前涨幅: 19.3%; 预测季度: Q4]
📷 原图
<a id="atom-fc07daec89e4e5a9"></a>🟦 2026-06-09 群 · 宣布 70 亿美元融资导致约 30% 股权稀释 · 融资/股权稀释
SMCI 宣布 70 亿美元融资，相当于约 30% 的股权稀释，由 JPM 和 GS 承销
tags: 好数字 · → daily
value: qty=$7B, ~30% dilution
<a id="atom-972fee8ed99e27bb"></a>🟦 2026-05-31 X·@AIStockSavvy · Mizuho评级 · 评级目标价
$SMCI | Mizuho Securities reiterates Hold on Super Micro Computer
tags: 好观点·好信源 · → daily
value: qty=Hold · direction=neutral
📷 原图
<a id="atom-c930fbbc4b70eead"></a>🟦 2026-06-09 群 · 8-K 新增 Ablecom/Compuware 关联交易风险披露 · 关联交易/监管风险
8-K 文件新增了关于 Ablecom 和 Compuware 的关联交易风险
tags: 好信源 · → daily
<a id="atom-d6cf040b724c7bf1"></a>🟦 2026-06-09 群 · 披露收到来自 SDNY、EDNY、CDCA 和 BIS 的多项大陪审团传票 · 监管调查/传票
披露了来自 SDNY、EDNY 等的多项大陪审团传票
tags: 好信源 · → daily
<a id="atom-2428670cc898a942"></a>🟦 2026-06-29 X·@KobeissiLetter · 股价日内跌幅 · 股价动态
Super Micro Computer stock, $SMCI, falls over -9% on the day on news that the company's office has been raided as Taiwan expands its 'chip smuggling' probe.
tags: 好数字 · → daily
value: qty=-9% · date=2026-06-29
📷 原图
<a id="atom-31428635424a8840"></a>🟦 2026-06-29 X·@Techmeme · 股价收盘跌幅 · 价格动态
SMCI closed down 8.1%
tags: 好数字 · → daily
value: qty=8.1% · date=2026-06-29
<a id="atom-d1d93acdb186a7dd"></a>🟦 2026-06-12 X·@AIStockSavvy · 发行7%强制可转换优先股 · 融资
SMCI 发行 7500 万股 7% Series A 强制可转换优先股
tags: 好数字 · → daily
value: qty=7500万股
<a id="atom-e0893d379796a53c"></a>🟦 2026-06-10 newsletter·Reuters · 股权融资计划 · 融资
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
tags: 好数字 · → daily
value: qty=$7 billion
<a id="atom-7f92026c19d89613"></a>🟦 2026-05-06 X·@zerohedge · 股价变动 · 价格动态
Super Micro Computer Inc. (SMCI) leaps 13%
tags: 好数字 · → daily
value: direction=上涨 · qty=13%
<a id="atom-4151040ecdf1dacb"></a>🟦 2026-05-06 X·@zerohedge · 毛利率改善 · 盈利能力
the company reported improved margins and gave a profit forecast that suggested it’s controlling the costs
tags: 好数字 · → daily
value: direction=改善
<a id="atom-7e1d4e2bb96f6666"></a>🟦 2026-05-05 X·@AIStockSavvy · Q3-2026 实际每股收益 · 财报
实际每股收益 (Actual EPS): 0.84$
tags: 好数字 · → daily
value: qty=0.84$ · date=Q3-2026
[图: Super Micro Computer Inc. Q3-2026 财报数据图，展示了每股收益（EPS）和营收（Revenue）的实际与预期对比及同比增速。 — 实际每股收益 (Actual EPS): 0.84$; 预期每股收益 (Expected EPS): 0.62$; 实际营收 (Actual Revenue): 10.24B$; 预期营收
📷 原图
<a id="atom-1435d9a982028356"></a>🟦 2026-05-05 X·@AIStockSavvy · Q3-2026 预期每股收益 · 财报
预期每股收益 (Expected EPS): 0.62$
tags: 好数字 · → daily
value: qty=0.62$ · date=Q3-2026
[图: Super Micro Computer Inc. Q3-2026 财报数据图，展示了每股收益（EPS）和营收（Revenue）的实际与预期对比及同比增速。 — 实际每股收益 (Actual EPS): 0.84$; 预期每股收益 (Expected EPS): 0.62$; 实际营收 (Actual Revenue): 10.24B$; 预期营收
📷 原图
<a id="atom-ae1c913bf20e7b1b"></a>🟦 2026-05-05 X·@AIStockSavvy · Q3-2026 实际营收 · 财报
实际营收 (Actual Revenue): 10.24B$
tags: 好数字 · → daily
value: qty=10.24B$ · date=Q3-2026
[图: Super Micro Computer Inc. Q3-2026 财报数据图，展示了每股收益（EPS）和营收（Revenue）的实际与预期对比及同比增速。 — 实际每股收益 (Actual EPS): 0.84$; 预期每股收益 (Expected EPS): 0.62$; 实际营收 (Actual Revenue): 10.24B$; 预期营收
📷 原图
<a id="atom-77ae739bf7e6d4d9"></a>🟦 2026-05-05 X·@AIStockSavvy · Q3-2026 预期营收 · 财报
预期营收 (Expected Revenue): 12.45B$
tags: 好数字 · → daily
value: qty=12.45B$ · date=Q3-2026
[图: Super Micro Computer Inc. Q3-2026 财报数据图，展示了每股收益（EPS）和营收（Revenue）的实际与预期对比及同比增速。 — 实际每股收益 (Actual EPS): 0.84$; 预期每股收益 (Expected EPS): 0.62$; 实际营收 (Actual Revenue): 10.24B$; 预期营收
📷 原图
<a id="atom-87d5072755c3a02a"></a>🟦 2026-05-05 X·@AIStockSavvy · Q3-2026 每股收益同比增速 · 盈利能力
每股收益同比增速 (EPS YoY): 170.97%
tags: 好数字 · → daily
value: qty=170.97% · date=Q3-2026 YoY
[图: Super Micro Computer Inc. Q3-2026 财报数据图，展示了每股收益（EPS）和营收（Revenue）的实际与预期对比及同比增速。 — 实际每股收益 (Actual EPS): 0.84$; 预期每股收益 (Expected EPS): 0.62$; 实际营收 (Actual Revenue): 10.24B$; 预期营收
📷 原图
<a id="atom-cf5d6872a23ac323"></a>🟦 2026-05-05 X·@TheTranscript_ · Q3'26 净销售额 · 营收
Q3'26净销售额: $10.2 billion
tags: 好数字 · → daily
value: qty=$10.2 billion · date=Q3'26
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图
<a id="atom-1c132b91adc250c0"></a>🟦 2026-05-05 X·@TheTranscript_ · Q3'26 净利润 · 盈利能力
Q3'26净利润: $483 million
tags: 好数字 · → daily
value: qty=$483 million · date=Q3'26
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图
<a id="atom-8f0e628ddbdd3f45"></a>🟦 2026-05-05 X·@TheTranscript_ · Q3'26 稀释后每股收益 · 盈利能力
Q3'26稀释后每股收益: $0.72
tags: 好数字 · → daily
value: qty=$0.72 · date=Q3'26
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图

🟥 多头 takes (bullish) (29)

<a id="atom-80fccf4e59ee6b3c"></a>🟥 2026-06-22 X·@AIStockSavvy · 目标价 · 评级目标价
$SMCI | GF Securities upgrades Super Micro Computer to Buy, initiates PT at $48.00
tags: 好数字·好信源 · → daily
value: qty=$48.00 · date=2026-06-22
[图: 一张显示超微电脑（SMCI）被广发证券上调评级至“买入”并设定48.00美元目标价的分析师评级卡片图 — 目标价: $48.00; 当前价格: $30.66; 预测上涨空间: +56.56%]
📷 原图
<a id="atom-93c80b86f01a59f0"></a>🟥 2026-05-06 X·@AIStockSavvy · 目标价 · 评级目标价
Rosenblatt maintains Buy, raises PT to $40
tags: 好数字·好信源 · → daily
value: qty=$40.00 · date=2026-05-06
[图: Rosenblatt分析师对超微电脑（SMCI）的评级维护及目标价上调数据摘要表 — 新目标价: $40.00; 前目标价: $32.00; 当前价格: $27.83; 潜在涨幅: +43.7%; 目标价上调幅度: +25.0%]
📷 原图
<a id="atom-bce635f138bf805d"></a>🟥 2026-06-21 X·@cnfinancewatch · 数据中心液冷散热需求三年CAGR · 数据中心增长/订单需求
AI数据中心液冷散热需求三年CAGR 45%+
tags: 好数字·好观点 · → daily
value: qty=45%+ · direction=up · date=三年
<a id="atom-861e507c8329f450"></a>🟥 2026-06-21 X·@cnfinancewatch · AI服务器占比 · 产品发布
实际其AI服务器占比已超60%
tags: 好数字·好观点 · → daily
value: qty=超60% · date=当前
<a id="atom-899fccc1a11a0ce9"></a>🟥 2026-06-21 X·@cnfinancewatch · 液冷业务毛利率高于行业平均 · 毛利率
液冷业务毛利率高于行业平均8-10个百分点。
tags: 好数字·好观点 · → daily
value: qty=8-10个百分点 · direction=up
<a id="atom-2423d31dcedc3c9c"></a>🟥 2026-06-11 X·@AIStockSavvy · CY28 revenue model · 营收
CY'28 Revenue Model: $68.2B
tags: 好数字 · → daily
value: qty=$68.2B · date=CY2028
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图
<a id="atom-c616e83d95d2a7f6"></a>🟥 2026-06-11 X·@AIStockSavvy · CY28 EPS model · 盈利能力
CY'28 EPS Model: $2.90
tags: 好数字 · → daily
value: qty=$2.90 · date=CY2028
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图
<a id="atom-72ef5d56328db147"></a>🟥 2026-05-06 X·@AIStockSavvy · 潜在涨幅 · 评级目标价
潜在涨幅: +43.7%
tags: 好数字 · → daily
value: qty=+43.7%
[图: Rosenblatt分析师对超微电脑（SMCI）的评级维护及目标价上调数据摘要表 — 新目标价: $40.00; 前目标价: $32.00; 当前价格: $27.83; 潜在涨幅: +43.7%; 目标价上调幅度: +25.0%]
📷 原图
<a id="atom-c0738813fcc986f4"></a>🟥 2026-04-27 X·@AIStockSavvy · expected to create hundreds of U.S. jobs across multiple functions · 供给产能/人事变动
Expected to create 𝐡𝐮𝐧𝐝𝐫𝐞𝐝𝐬 of U.S. jobs across multiple functions.
tags: 好数字 · → daily
<a id="atom-c56ebe8e9869a867"></a>🟥 2026-06-11 newsletter·Wolfe Research · AI服务器需求受益 · 需求
SMCI is a clear beneficiary of accelerating AI server demand
tags: 好观点 · → daily
<a id="atom-a8b1fb4c0bc671df"></a>🟥 2026-05-12 X·@AIStockSavvy [老化中] · 目标价上调 · 评级目标价
Mizuho’s Vijay Rakesh Raises Price Target on $SMCI Super Micro Computer to $36.00 from $30.00
tags: 好观点 · → daily
value: qty=$36.00
📷 原图
<a id="atom-0592044b7538f527"></a>🟥 2026-05-06 X·@AIStockSavvy · 利润率改善预期 · 盈利能力
improving margins
tags: 好观点 · → daily
value: direction=up
📷 原图
<a id="atom-1d22c80c59cde803"></a>🟥 2026-05-06 X·@AIStockSavvy [老化中] · AI服务器领导地位 · 竞争格局
AI server leadership
tags: 好观点 · → daily
📷 原图
<a id="atom-af045800b2f5592f"></a>🟥 2026-05-06 X·@AIStockSavvy [老化中] · DCBBS 业务爬坡 · 产品发布/数据中心算力
DCBBS ramp
tags: 好观点 · → daily
📷 原图
<a id="atom-fa745cbd225f5cf2"></a>🟥 2026-05-06 X·@AIStockSavvy [老化中] · AI需求和DCBBS平台观点 · 盈利能力/订单需求
Analyst sees AI demand and DCBBS platform driving margin expansion, supporting strong backlog visibility and profitability recovery
tags: 好观点 · → daily
[图: Rosenblatt分析师对超微电脑（SMCI）的评级维护及目标价上调数据摘要表 — 新目标价: $40.00; 前目标价: $32.00; 当前价格: $27.83; 潜在涨幅: +43.7%; 目标价上调幅度: +25.0%]
📷 原图
<a id="atom-3fe9e8d2535ea011"></a>🟥 2026-04-17 X·@TBU12345678 [老化中] · 空头在2024下半年回补 · 仓位情绪
shorts like $SMCI $MU $DELL $AMD could actually crack in H2
tags: 好思考 · → daily
value: date=2024-H2
<a id="atom-827c91238d3717ae"></a>🟥 2026-06-25 X·@sssjeffpu · 预期获得订单 · 订单需求
SMCI expected to win more NVL72s for SpaceX’s 2027 GW buildout
tags: 好观点 · → daily
value: qty=更多 NVL72 · date=SpaceX 2027 年 GW 建设
<a id="atom-a3982f8406cc7e72"></a>🟥 2026-06-22 X·@sssjeffpu [老化中] · upgrade to Buy · 评级目标价/订单需求
SMCI Upgrade to Buy: Beyond recent GB300 Colossus 2 orders, expect more big AI server wins from SpaceX starting F2Q27
tags: 好观点 · → daily
<a id="atom-3f75ae6330ccf51d"></a>🟥 2026-06-22 X·@AIStockSavvy · CEO Charles Liang表示加速基础设施部署的机构将引领下一代突破 · 管理层表态
The institutions that accelerate infrastructure deployment will lead the next generation of breakthroughs.
tags: 好观点 · → daily
<a id="atom-735de65be565d858"></a>🟥 2026-06-21 X·@cnfinancewatch · 存在重估空间 · 估值
tags: 好观点 · → daily
<a id="atom-bd03d03f0b7510e3"></a>🟥 2026-06-15 X·@cnfinancewatch · 硅光子技术受关注 · 技术路线/数据中心算力
Tower Semiconductor硅光子扩张协议引发市场关注。（代表个股$SMCI）
tags: 好观点 · → daily
<a id="atom-ac524c91c5f781cd"></a>🟥 2026-06-15 X·@cnfinancewatch · AI服务器需求爆发 · 订单需求/技术路线
AI服务器需求爆发，硅光子故事加持
tags: 好观点 · → daily
<a id="atom-ddd203eb578ebb11"></a>🟥 2026-06-11 X·@HyperTechInvest · 上涨潜力条件 · 仓位情绪
$SMCI has more upside if they get their shit together
tags: 好观点 · → daily
<a id="atom-202fb924792dcf7f"></a>🟥 2026-05-23 X·@BruceCMaster [老旧] · price action after FBI incidents suggests good business · 仓位情绪
the price action after the FBI incidents seems to say it is still a good business after some solvable issue
tags: 好观点 · → daily
<a id="atom-7259831c078e0dc7"></a>🟥 2026-05-05 X·@TheTranscript_ [老化中] · CEO 宣称向数据中心基础设施提供商转型加速 · 数据中心/转型
Super Micro CEO: "Supermicro's transformation into a total datacenter infrastructure provider is accelerating."
tags: 好观点 · → daily
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图
<a id="atom-8d9813163ed8a37d"></a>🟥 2026-05-05 X·@TheTranscript_ [老化中] · CEO 宣称利润率复苏和 DCBBS 业务快速增长证明业务稳健 · 盈利能力/营收增长
Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust.
tags: 好观点 · → daily
[图: Supermicro 2026财年第三季度财务业绩新闻稿截图 — Q3'26净销售额: $10.2 billion; Q3'26净利润: $483 million; Q3'26稀释后每股收益: $0.72; 截至2026年3月31日的现金及现金等价物: $1.3 billion; 总银行债务和可转换票据: $8.8 billion]
📷 原图
<a id="atom-13a271b41ad7fd11"></a>🟥 2026-04-27 X·@labubu_trader · 股价预测 · 股价估值
I think it will be $120+ this year
tags: 好观点 · → daily
value: qty=$120+ · date=2026
<a id="atom-e36d23b974c21044"></a>🟥 2026-04-27 X·@AIStockSavvy · boosts domestic production of next-gen AI infrastructure · 供给产能/数据中心算力
Boosts domestic production of next-gen 𝐀𝐈 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞.
tags: 好观点 · → daily
<a id="atom-8929efff5fa935a6"></a>🟥 2026-04-27 X·@AIStockSavvy · strengthens position in hyperscale and AI data center market · 市场份额/数据中心算力
Strengthens Supermicro’s position in 𝐡𝐲𝐩𝐞𝐫𝐬𝐜𝐚𝐥𝐞 and AI data center market.
tags: 好观点 · → daily

🟥 空头 takes (bearish) (22)

<a id="atom-c3c03365a6efe11b"></a>🟥 2026-06-29 X·@XYang2023 · 问题普遍性 · 出货量
I suspect the problem is quite common
tags: 好思考 · → daily
value: qty= · date=
<a id="atom-4268ac3f2278a578"></a>🟥 2026-05-05 X·@KAnalyser1 [老化中] · 毛利率 · 毛利率
he needs to pick on his GM, a 6.3% is not worth it even if you do $40 billion a year.
tags: 好数字 · → daily
value: qty=6.3%
<a id="atom-3efdd33fe6ac62e3"></a>🟥 2026-06-29 X·@zerohedge · is the infinite money glitch of fraud · 安全事故
SMCI is the infinite money glitch of fraud
tags: 好观点 · → daily
<a id="atom-73c971a4108aa03f"></a>🟥 2026-06-29 X·@ChemStat66667 · 输出規制違反で捜査 · 监管政策/出口管制
SMCIが輸出規制の違反で捜査を喰らっているらしい
tags: 好信源 · → daily
📷 原图
<a id="atom-f8353b578af1f5f9"></a>🟥 2026-06-30 newsletter·Evercore · 出口调查进展 · 竞争/政策
Evercore believes the expanding investigation into alleged exports of SMCI servers to China creates another overhang for SMCI
tags: 好观点 · → daily
<a id="atom-1a30583cd1564ed0"></a>🟥 2026-06-11 newsletter·Wolfe Research · 执行与治理风险 · 竞争/管理层表态
SMCI faces meaningful execution and governance risks
tags: 好观点 · → daily
<a id="atom-f6c27b3dd3f1a639"></a>🟥 2026-06-11 newsletter·Wolfe Research · 利润率压力 · 营收
SMCI faces continued margin pressure
tags: 好观点 · → daily
<a id="atom-2bc4633ba2dddb37"></a>🟥 2026-06-11 newsletter·Wolfe Research · 客户集中度风险 · 竞争
SMCI has customer concentration risk
tags: 好观点 · → daily
<a id="atom-8aff391e023c7d2c"></a>🟥 2026-06-11 newsletter·Wolfe Research · 资本摊薄风险 · 资本开支
Potential equity dilution from SMCI's capital raise is a risk
tags: 好观点 · → daily
<a id="atom-b7f59cd2bf5be1f4"></a>🟥 2026-06-11 newsletter·Wolfe Research · 司法部调查相关不确定性 · 竞争/政策
SMCI faces uncertainty from DOJ investigation and regulatory issues
tags: 好观点 · → daily
<a id="atom-fdaf0ee85ea360fd"></a>🟥 2026-05-06 X·@AIStockSavvy [老化中] · 近期营收压力 · 营收预测/业绩指引
near-term revenue pressure
tags: 好观点 · → daily
value: direction=down
📷 原图
<a id="atom-7a982938c3ba1757"></a>🟥 2026-06-29 X·@DeepValueBagger · CEO 需专注于执行而非走捷径 · 管理层表态
the dude just need to put his head down and execute rather than finding stupid shortcuts.
tags: 好观点 · → daily
<a id="atom-56eefd855f65da1b"></a>🟥 2026-06-24 X·@akramsrazor · 营运资金动态 · 现金流/供应链
cray cray working capital dynamics selling servers
tags: 好观点 · → daily
<a id="atom-3dcc928fae3e08c7"></a>🟥 2026-06-24 X·@WaterworldCapi1 · 业务性质评价 · 盈利能力/商业模式
Always has been a terrible business. For decades now and hasn't changed.
tags: 好观点 · → daily
<a id="atom-faa1f6f1501a28c4"></a>🟥 2026-06-24 X·@akramsrazor · 客户补贴行为 · 定价权/盈利能力
they are basically subsidizing their customers
tags: 好观点 · → daily
<a id="atom-0aeb3f9b333b09a4"></a>🟥 2026-06-24 X·@akramsrazor · 业务模式评价 · 商业模式
this biz simply boggles the mind
tags: 好观点 · → daily
<a id="atom-c37d2b4bcedfeee0"></a>🟥 2026-06-11 X·@HyperTechInvest · 历史承诺失败 · 管理层表态
el historial de la empresa fallando promesas
tags: 好观点 · → daily
<a id="atom-e36902b4e25c5294"></a>🟥 2026-06-10 X·@HyperTechInvest · 投资者失望 · 仓位情绪
$SMCI keeps finding ways to disappoint investors, even when all the cards are stacked in its favor
tags: 好观点 · → daily
📷 原图
<a id="atom-08fa52cb5588c1a3"></a>🟥 2026-06-10 X·@MajorOcelot45 · 浪费时间 · 仓位情绪
Smci is a waste of time.
tags: 好观点 · → daily
<a id="atom-1716c9d444ea6653"></a>🟥 2026-05-05 X·@stevehou [老化中] · 股价过去12个月表现 · 出口管制/监管政策
Nothing says “we are so back” like $SMCI flipping after hours to be about flat over the past 12 months despite being allegedly caught on CCTV footage and corroborative braggadocious self-admission that they were violating US export controls and smuggling NVidia GPUs into China.
tags: 好观点 · → daily
value: qty=$33.23 · date=2026-05-06
[图: Super Micro Computer (SMCI) 过去一年的股价走势及涨跌幅图表 — 股价: $33.23; 过去一年涨幅: $0.13 (0.39%)]
📷 原图
<a id="atom-5adfd4d0052eb22c"></a>🟥 2026-05-03 X·@PatrickMoorhead [老化中] · operating under indictment shadow · 地缘政治
$SMCI prints under the $2.5B GPUs-to-China indictment shadow
tags: 好观点 · → daily
<a id="atom-14ae6531f993ba35"></a>🟥 2026-04-26 X·@PatrickMoorhead · 被指控从2024到2025年每20美元收入中有1美元来自与走私AI芯片至中国有关的前台公司 · 供应链/出口管制/监管政策
one in every 20 dollars Super Micro earned from 2024 to 2025 came from a front company that allegedly worked with a rogue executive to smuggle AI chips to China
tags: 好问题 · → daily
value: qty=1/20 · date=2024-2025
📷 原图

🟥 中性 takes (neutral) (6)

<a id="atom-b033da403f3fa837"></a>🟥 2026-06-11 X·@AIStockSavvy [老旧] · Wolfe Research fair value range · 评级目标价
fair value range at $26-31
tags: 好数字 · → daily
value: qty=$26-31
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图
<a id="atom-2776b8b18de60bb3"></a>🟥 2026-06-11 卖·BofA Brian Fenske [老旧] · 评级启动 · 评级调整
Wolfe initiated SMCI at Hold
tags: 好观点 · → daily
value: rating=Hold
<a id="atom-24be6820665dc2be"></a>🟥 2026-06-11 X·@AIStockSavvy [老旧] · Wolfe Research 评级 · 评级目标价
$SMCI | Wolfe Research initiates Super Micro Computer at Peerperform
tags: 好观点 · → daily
[图: Wolfe Research 对超微电脑 (SMCI) 的首次覆盖评级与估值分析图表 — Current Price: $29.27; Fair Value Range: $26-31/share; CY'28 Revenue Model: $68.2B; CY'28 EPS Model: $2.90]
📷 原图
<a id="atom-dc983ff6ffadc2d6"></a>🟥 2026-06-11 newsletter·Wolfe Research [老旧] · 评级启动 · 评级调整
Wolfe initiates SMCI at Peer Perform
tags: 好观点 · → daily
value: rating=Peer Perform
<a id="atom-79c385da6c2608c0"></a>🟥 2026-06-11 newsletter·Wolfe Research · 风险回报评估 · 估值
SMCI risk/reward is more balanced at current levels given profitability and governance concerns
tags: 好观点 · → daily
<a id="atom-9daac86afcbc35dc"></a>🟥 2026-06-09 X·@TheTranscript_ · 融资策略 · 融资
$SMCI trying to follow in the footsteps of Google's $85B equity raise
tags: 好观点 · → daily

🟦 新闻流 (squawk · 40)

展开新闻流 (FirstSquawk / financialjuice / wallstengine / DeItaone — 快讯, 非原创 take)

<a id="atom-be273975454cde70"></a>🟦 2026-07-01 X·@wallstengine · 员工在中国芯片走私调查中被台湾拘留 · 监管政策/地缘政治
TAIWAN DETAINS SUPER MICRO $SMCI WORKERS IN CHINA CHIP SMUGGLING PROBE - BBG
tags: 好信源 · → daily
<a id="atom-ebc13bafe2f5d8fa"></a>🟦 2026-06-29 X·@wallstengine · 办公室被搜查 · 监管政策
SUPER MICRO $SMCI OFFICE RAIDED AS TAIWAN EXPANDS CHIP SMUGGLING PROBE
tags: 好数字 · → daily
value: direction=raided · date=2026-06-29
<a id="atom-c7ce418d56601334"></a>🟥 2026-06-25 X·@wallstengine · NVL72 shipments forecast · 订单需求/合作客户
we expect Super Micro to secure more NVL72 orders for accelerating SpaceX's infrastructure buildouts in 2027–28
tags: 好思考 · → daily
value: qty=secure more NVL72 orders · date=2027–28
<a id="atom-1383b25d0002bdae"></a>🟦 2026-06-23 X·@wallstengine ⭐ · 投资Argentum AI · 融资
Super Micro has invested $100M in Argentum through a convertible note
tags: 好数字·好信源 · → daily
value: qty=$100M
📷 原图
<a id="atom-34ccf2c4b0d01093"></a>🟦 2026-06-23 X·@wallstengine · 边缘AI产品线扩展 · 产品发布/技术路线
$SMCI expanded its edge AI lineup with new Intel-powered systems built for real-time inferencing closer to where data is generated.
tags: 好信源 · → daily
<a id="atom-58e2354fcbf87649"></a>🟦 2026-06-22 X·@wallstengine · 数据中心积木式解决方案蓝图发布 · 数据中心算力/产品发布
$SMCI launched a Data Center Building Block Solutions blueprint for Nvidia Vera Rubin NVL4 HPC systems at ISC 2026.
tags: 好信源 · → daily
<a id="atom-4f0631aeb3896d0c"></a>🟦 2026-06-22 X·@wallstengine · 单个可扩展单元规格 · 供给产能
Each scalable unit includes 8 liquid-cooled compute racks, 1,152 Rubin GPUs, 576 Vera CPUs and 3.2 MW of total power.
tags: 好数字 · → daily
value: qty=8 liquid-cooled compute racks, 1152 Rubin GPUs, 576 Vera CPUs, 3.2 MW · date=at ISC 2026
<a id="atom-ce4394102bbf5782"></a>🟦 2026-06-22 X·@wallstengine · 设计规模范围 · 供给产能
Supermicro says the design can scale from 3.2 MW to 1 GW, using DLC-2 direct liquid cooling and Nvidia Quantum-X800 InfiniBand networking.
tags: 好数字 · → daily
value: qty=3.2 MW to 1 GW · date=from 3.2 MW to 1 GW
<a id="atom-f6685b9a49c5ee07"></a>🟦 2026-05-05 X·@financialjuice · Q3 adjusted EPS · 盈利能力
Adjusted EPS $0.84, est. $0.63
tags: 好数字 · → daily
value: qty=$0.84 · date=Q3
<a id="atom-9afd254aa1a8c034"></a>🟦 2026-05-05 X·@financialjuice · Q3 revenue · 营收
Revenue $10.24B, est. $12.45B
tags: 好数字 · → daily
value: qty=$10.24B · date=Q3
<a id="atom-8d16fc20a233bd20"></a>🟦 2026-05-05 X·@financialjuice · Q3 adjusted gross margin · 毛利率
Adjusted gross margin 10.1%, est. 6.75%
tags: 好数字 · → daily
value: qty=10.1% · date=Q3
<a id="atom-ab7c1a3121953870"></a>🟦 2026-05-05 X·@financialjuice · Q4 adjusted EPS guidance · 业绩指引
Sees Q4 adjusted EPS $0.65 to $0.79, est. $0.57
tags: 好数字·好信源 · → daily
value: qty=$0.65 to $0.79 · date=Q4
<a id="atom-68fb79ab2408716f"></a>🟦 2026-05-05 X·@financialjuice · Q4 net sales guidance · 营收
Sees Q4 net sales $11.0B to $12.5B, est. $11.16B
tags: 好数字·好信源 · → daily
value: qty=$11.0B to $12.5B · date=Q4
<a id="atom-23ba19bca19687d9"></a>🟦 2026-05-05 X·@financialjuice · FY net sales guidance · 营收
Sees FY net sales $38.9B to $40.4B, saw at least $40.0B
tags: 好数字·好信源 · → daily
value: qty=$38.9B to $40.4B · date=FY
<a id="atom-93a04bc1481f6d42"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Revenue · 营收
🔹 Revenue: $10.2B (Est. $12.39B) 🔴; +123% YoY
tags: 好数字 · → daily
value: qty=10.2B · date=Q3'26
📷 原图
<a id="atom-c7ee7969d193b3f9"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Adj. EPS · 营收
🔹 Adj. EPS: $0.84 (Est. $0.62) 🟢
tags: 好数字 · → daily
value: qty=0.84 · date=Q3'26
📷 原图
<a id="atom-a6250eedab6e857a"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Gross Margin · 毛利率
🔹 Gross Margin: 9.9%; vs 6.3% QoQ and 9.6% YoY
tags: 好数字 · → daily
value: qty=9.9% · date=Q3'26
📷 原图
<a id="atom-38bb3faa4c0915fb"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Net Income · 盈利能力
🔹 Net Income: $483M; +344% YoY
tags: 好数字 · → daily
value: qty=483M · date=Q3'26
📷 原图
<a id="atom-edce60c18cc390f0"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Cash Flow Used In Operations · 现金流
🔹 Cash Flow Used In Operations: $6.6B
tags: 好数字 · → daily
value: qty=6.6B · date=Q3'26
📷 原图
<a id="atom-a4387e0cb67712e6"></a>🟦 2026-05-05 X·@wallstengine · Q4'26 Revenue Guidance · 业绩指引
🔹 Revenue: $11.0B-$12.5B (Est. $11.312B) 🟡
tags: 好数字 · → daily
value: qty=11.0B-12.5B · date=Q4'26
📷 原图
<a id="atom-4aef578b89184a87"></a>🟦 2026-05-05 X·@wallstengine · Q4'26 Adj. EPS Guidance · 业绩指引
🔹 Adj. EPS: $0.65-$0.79 (Est. $0.56) 🟢
tags: 好数字 · → daily
value: qty=0.65-0.79 · date=Q4'26
📷 原图
<a id="atom-5f89a22017523dc4"></a>🟦 2026-05-05 X·@wallstengine · FY'26 Revenue Guidance · 业绩指引
🔹 Revenue: $38.9B-$40.4B (Est. $41.466B) 🔴
tags: 好数字 · → daily
value: qty=38.9B-40.4B · date=FY'26
📷 原图
<a id="atom-83a955bbb1027de9"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Gross Profit · 盈利能力
🔹 Gross Profit: $1.019B; +131% YoY
tags: 好数字 · → daily
value: qty=1.019B · date=Q3'26
📷 原图
<a id="atom-ee011d3d8f893145"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Income From Operations · 盈利能力
🔹 Income From Operations: $625.9M; +326% YoY
tags: 好数字 · → daily
value: qty=625.9M · date=Q3'26
📷 原图
<a id="atom-e21f38d271adf2ea"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Stock-Based Compensation · 盈利能力
🔹 Stock-Based Compensation: $125.9M
tags: 好数字 · → daily
value: qty=125.9M · date=Q3'26
📷 原图
<a id="atom-e6721ee3f29d123a"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 CapEx & Investments · 资本开支
🔹 CapEx & Investments: $97M
tags: 好数字 · → daily
value: qty=97M · date=Q3'26
📷 原图
<a id="atom-ddc2c7027ca07274"></a>🟦 2026-05-05 X·@wallstengine · Q3'26 Cash & Cash Equivalents · 现金流
🔹 Cash & Cash Equivalents: $1.3B
tags: 好数字 · → daily
value: qty=1.3B · date=Q3'26
📷 原图
<a id="atom-db0cfbb791fa759d"></a>🟦 2026-05-05 X·@wallstengine · Total Bank Debt & Convertible Notes · 融资
🔹 Total Bank Debt & Convertible Notes: $8.8B
tags: 好数字 · → daily
value: qty=8.8B · date=Q3'26
📷 原图
<a id="atom-b25950e11a3445a9"></a>🟦 2026-05-05 X·@wallstengine · Accounts Receivable · 营收
🔹 Accounts Receivable: $8.413B
tags: 好数字 · → daily
value: qty=8.413B · date=Q3'26
📷 原图
<a id="atom-84b589d2bf43ae28"></a>🟦 2026-05-05 X·@wallstengine · Inventories · 库存
🔹 Inventories: $11.103B
tags: 好数字 · → daily
value: qty=11.103B · date=Q3'26
📷 原图
<a id="atom-c4f71b7e6ace8745"></a>🟦 2026-05-05 X·@wallstengine · Total Assets · 融资
🔹 Total Assets: $23.452B
tags: 好数字 · → daily
value: qty=23.452B · date=Q3'26
📷 原图
<a id="atom-a84cf3fa3c3a8705"></a>🟦 2026-05-05 X·@wallstengine · Total Liabilities · 融资
🔹 Total Liabilities: $15.876B
tags: 好数字 · → daily
value: qty=15.876B · date=Q3'26
📷 原图
<a id="atom-c194908576d7ffe4"></a>🟦 2026-05-05 X·@wallstengine · Deferred Revenue (current) · 营收
🔹 Deferred Revenue: $1.472B current; $663.4M non-current
tags: 好数字 · → daily
value: qty=1.472B · date=Q3'26
📷 原图
<a id="atom-da921d69e6c13545"></a>🟦 2026-05-05 X·@wallstengine · Deferred Revenue (non-current) · 营收
🔹 Deferred Revenue: $1.472B current; $663.4M non-current
tags: 好数字 · → daily
value: qty=663.4M · date=Q3'26
📷 原图
<a id="atom-961c21ee32e7ced8"></a>🟥 2026-05-05 X·@wallstengine [老化中] · Commentary about transformation · 技术路线
“Supermicro's transformation into a total datacenter infrastructure provider is accelerating.”
tags: 好观点 · → daily
📷 原图
<a id="atom-98e1471b21c3eb24"></a>🟥 2026-05-05 X·@wallstengine [老化中] · Commentary on margin recovery and growth · 毛利率
“Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust.”
tags: 好观点 · → daily
📷 原图
<a id="atom-b981793fedc64792"></a>🟥 2026-05-05 X·@wallstengine [老化中] · Commentary on US manufacturing and demand · 供给产能
“With the addition of our new US manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals.”
tags: 好观点 · → daily
📷 原图
<a id="atom-e51954db4f430aa5"></a>🟦 2026-05-05 X·@FirstSquawk · Q1 2026 adjusted EPS · 财报
SUPER MICRO COMPUTER Q1 2026 EARNINGS ADJ EPS 84C (EST 63C)
tags: 好数字 · → daily
value: qty=84C · date=Q1 2026
<a id="atom-9d1a9cc7e65d2961"></a>🟦 2026-05-05 X·@FirstSquawk · Q1 2026 net sales · 营收
NET SALES $10.24B (EST $12.45B)
tags: 好数字 · → daily
value: qty=$10.24B · date=Q1 2026
<a id="atom-28f041c3b27b6509"></a>🟦 2026-05-05 X·@FirstSquawk · Q1 2026 adjusted gross margin · 毛利率
ADJ GROSS MARGIN 10.1% (EST 6.15%)
tags: 好数字 · → daily
value: qty=10.1% · date=Q1 2026

⏱ 时间轴 (近 20)

🟦 2026-07-01 · fact · 员工在中国芯片走私调查中被台湾拘留 · → daily
🟦 2026-06-30 · fact · 市值<5B · → daily
🟥 2026-06-30 · narrative · 出口调查进展 · → daily
🟦 2026-06-30 · fact · 监管调查 · → daily
🟦 2026-06-29 · fact · 办公室突袭调查 · → daily
🟦 2026-06-29 · fact · 办公室被搜查 · → daily
🟦 2026-06-29 · fact · 股价日内跌幅 · → daily
🟦 2026-06-29 · fact · 被调查 · → daily
🟦 2026-06-29 · fact · 台湾办公室被搜查 · → daily
🟦 2026-06-29 · fact · 办公室被搜查 · → daily
🟥 2026-06-29 · position · is the infinite money glitch of fraud · → daily
🟦 2026-06-29 · fact · CEO 走私 NVDA 产品到中国 · → daily
🟦 2026-06-29 · fact · 台湾办公室被突击检查 · → daily
🟥 2026-06-29 · narrative · CEO 需专注于执行而非走捷径 · → daily
🟦 2026-06-29 · fact · 股价收盘跌幅 · → daily
🟥 2026-06-29 · narrative · 输出規制違反で捜査 · → daily
🟦 2026-06-29 · fact · AI需要で売り上げ急騰 · → daily
🟦 2026-06-29 · fact · 办公室被搜查 · → daily
🟦 2026-06-29 · fact · 持续与当局合作 · → daily
🟥 2026-06-29 · fact · 服务器被目击在深圳 · → daily

📊 板块级信号 · 数据中心 (66)

*以下是 数据中心 板块的信号 (SMCI 是成员), 非直接针对 SMCI — 供板块上下文参考*

展开板块信号

🟦▲ 2026-04-24 [twitter] · GPU与CPU比例预期变化
By Intel CEO Tan's assessment, the ratio of GPUs to CPUs will go from 8:1 for pretraining to closer to parity for agenti
🟦▲ 2026-06-16 [twitter] · 2026年至2030年容量翻倍
JLL’s forecast in January suggests that global data center capacity will double between 2026 and 2030
🟦▼ 2026-05-11 [twitter] · 将面临55GW电力缺口
大摩预计数据中心将面临55GW的电力缺口。
🟦▲ 2026-06-19 [twitter] · 对居民电费影响
Data centers didn’t raise electric bills nationally from 2015–24. Actually, they modestly lowered them.
🟥▲ 2026-06-12 [twitter] · 占 Murata MLCC 业务比例预期
UBS now expects datacenters to account for 30-40% of Murata's MLCC business within the next few years, overtaking tradit
🟥▲ 2026-04-24 [twitter] · CAGR预期
endorsing the 35% CAGR trajectory
🟥▲ 2026-04-27 [twitter] · 未来3年资本开支
Building >130GW over the next 3 years means over $1.5T in datacenter capex alone
🟦▲ 2026-05-06 [twitter] · 2030年三分之一自发电
By 2030, one-third of data centers will generate their own power.

📊 板块级信号 · AI服务器 (10)

*以下是 AI服务器 板块的信号 (SMCI 是成员), 非直接针对 SMCI — 供板块上下文参考*

展开板块信号

🟦▲ 2026-05-25 [twitter] · MLCC搭载量倍数
AIサーバーは従来のサーバーと比べ、約5～10倍もの量のMLCCを搭載している。
🟦▲ 2026-06-25 [twitter] · MLCC用量倍数
AI servers use roughly 8 to 12x more MLCCs than standard servers
🟦▲ 2026-06-17 [twitter] · 存储位需求年复合增长率40%
server related memory bit demand for 2026 to 2027 will show a 40% compound annual growth rate (CAGR)
🟦▼ 2026-06-10 [twitter] · 高容量内存配置降级
AI servers are seeing downgrades in high-capacity memory configurations. While 128GB was originally the mainstream speci
🟦▲ 2026-05-25 [twitter] · MLCC搭载量对比
AIサーバーは従来のサーバーと比較にならないほどMLCCの搭載量が多い。
🟦▲ 2026-04-25 [twitter] · 紧缺加剧
亚洲科技：更新半导体、零部件及材料供需热力图，年初至今AI服务器紧缺加剧
🟥▲ 2026-06-10 [twitter] · 需更多小型电容靠近芯片
AI servers need more small capacitors, closer to the chip
🟦▲ 2026-07-05 [news] · 需求增长态势
AI服务器等板块的快速增长推动了半导体基板和MLCC等主要部件的需求

📊 板块级信号 · US equities (4)

*以下是 US equities 板块的信号 (SMCI 是成员), 非直接针对 SMCI — 供板块上下文参考*

展开板块信号

🟦▼ 2026-06-23 [twitter] · market cap erased today
U.S. stocks erased roughly $1 trillion in market value today as a broad-based selloff swept across equities.
🟥▼ 2026-07-01 [twitter] · short entries recommended until October
Short entries until October imo
🟥▼ 2026-07-01 [twitter] · first crash likely November
First crash November ish? Not sure
🟥▼ 2026-06-21 [twitter] · valuation level
record valuations

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