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Making A Fortune In Artificial Intelligence
Please click here for an enlarged chart of Super Micro Computer Inc (NASDAQ: SMCI).
Note the following:
- This article is about the big picture, not an individual stock. The chart of SMCI stock is being used to illustrate the point.
- Super Micro has been the most favorite artificial intelligence stock of the momo crowd. The chart shows the big drop in the stock on earnings released after the market closed.
- The chart shows a 40.5% drop since the high in March.
- RSI shown on the chart foretold what was to come.
- The momo crowd, including momo gurus, that ran up the stock did not really understand the server business.
- SMCI presents an important learning moment for prudent investors. These are four important points here:
- What you do not buy is as important…
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- What you do not buy is as important…