📈 $SMCI Revised Estimates are Lifting Semis

SMCI Earnings

SMCI preannounced their earnings and raised guidance for the upcoming quarter after market close yesterday and the numbers were stellar.

Here are the adjustments they made:

• EPS: $5.40 vs. estimate $4.55

• Sales: $3.6B vs. estimate 2.82B

Stock Impact

With this massive increase in estimates, the stock rocketed after hours from $311 to $345.

It’s important to note that this will not only impact SMCI stock - it is going to reflect on all of the semi names.

This positive news should not be exclusive to SMCI. It is important for the entire sector.

You should expect to see names like NVDA, AMD, AVGO, and SOXL be very active tomorrow as a result.

Watch the three minute clip below for more info.