SMCI earning call

as expected, analysts are all primarily focused on its growth margin, especially that they are guiding revenue significantly higher but margin improvement is moderate. Charles (his English very hard to follow) seems to suggest that 70-80 of their revenue now come from their liquid cooling product line and hence the margin improvement will come over time (as they need to invest in the infrastructure today )

SMCi will need to show actual margin improvement before its share sees meaningful growth.

undiplomatically, Charles soft confirmed nVidia Blackwell delay, saying Q4 they expect mostly samples and very small volumes but do expect mass shipment in Q1’25. I don’t think Jensen would appreciate his honesty here, lol.