/biz/ - Business & Finance

>>57627004

I swear 99% of people who bought this shitcoin don't even know what it does. SMCI makes shitty fucking discount server racks. The cheapest shittiest kind. They're who people go to when they can't afford Dell or some other known brand.

It's a very low margin business with zero barrier to entry. They sell pieces of metal with power supplies pretty much. They don't manufacture anything it's all sourced from 3rd parties.

I legit have never seen such a retarded bubble. Like for other overvalued companies you can at least make up a plausible narrative for why they deserve those valuations. For this shit stock it's pure greed and delusion.

Pic related. What you get for your 50 billion valuation.