Meet Kevin on $SMCI (Nov 4, 2026)
SMCI carries concentration risk: one large data-center customer was 44% of quarterly revenue. Offsetting that, the speaker agrees with Bloomberg Intelligence that data-center capex will not slow and that the boom outside the US is only just beginning. No explicit buy or sell stance on SMCI.
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Super Micro Computers, we analyzed it this morning in the live broadcast for course members. I apologize before I talk about Super Micro.
However, Bloomberg Intelligence tells us, and we'll move on to SuperMicro, that capital expenditures for data centers are not going to slow down. It may simply move to another location, but it will not slow down.
I completely agree, this nonsense should be bought when it's low.
Now, regarding Super Micro PCs this morning, I don't want to show all of this, but this line is useful and worth sharing. We reviewed all of this this morning in the live broadcast for course members, and this line was very interesting.
Take a look at this. While the United States remains the largest market for large-scale data centers, we are seeing growth momentum in other regions as large customers expand globally, and governments and companies plan to fund large AI data centers in Europe, Asia, and the Middle East .
In this quarter, one large data center customer accounted for 44% of revenue. Well, to put it another way, there are some risks associated with concentration. But the key point is that the boom we're seeing in American data centers is literally only just beginning for the rest of the world.