$SMCI

Does he own it?

One first-person signal: he says he swing-traded SMCI (with GLXY/IREN) as a tax-harvest play early in the year — a brief past trade, not a held position. He never lists it among his stated core longs, gives no weight, and otherwise treats it as coverage and as a historical analogy for a small-cap that 30x'd. No current "I'm long/added/holding" language.

His thesis

Views SMCI as cheap after a heavy selloff from $100+ to the $20s-30s, trading near 10-11x forward earnings even after stripping out smuggling-related revenue. Sees margin concerns as overdone given overseas/sovereign-AI expansion and continued revenue growth toward $36B+. Treats the China chip-smuggling DOJ case as largely priced in and the company itself as insulated (not a named defendant). Frames it as a contrarian buying opportunity rather than a high-conviction holding.

How his view evolved

Early year he swing-traded it on the dip and rated it a mid-tier "Buy." By March he reframed it analytically as a contrarian value play if it fell below ~$24 amid the DOJ smuggling case. Later mentions are purely as a technical reference point, not active interest.

Key points

• Repeatedly used as the go-to analogy for a small cap that re-rated massively ($3 to $100+)
• Self-described as a short-term/tax-harvest swing trade early in the year, not a core long
• Bull case rests on cheap forward P/E and selloff/DOJ-case fears being overdone

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $SMCI on X ↗