You Need to Know This Before Market Open...

Jan 29, 2024

SMCI reports earnings after market close today. This stock has been on a tear and fueling the semiconductor sector to reach new all-time highs.

What kicked off the run in semis the last few weeks was SMCI pre-announcing blowout earnings.

Below are the adjustments they made to their earnings forecasts:

These were massive adjustments and signaled strength in the semiconductor industry as a whole.

The stock reacted in a major way on massive volume:

Here are the numbers you need to be aware of when earnings releases. These will determine how the stock reacts:

For more analysis of the week to come, watch the video below:

The Chasing Alpha Newsletter