"Focus and long-term consistency" -@evanspiegel on what sets Snap apart in building the future of computing.
For more than a decade, we've invested deliberately in this vision. From camera glasses to AR-powered wearable computing. The next chapter is just beginning.
Watch Evan's conversation with Nicolai Tangen on In Good Company. https://t.co/qBfDSkbrCd
$SMCI | Long Thesis
- sells the AI server racks everyone needs: NVIDIA/AMD GPU systems, liquid cooling storage, full data center building-blocks
- pushing hard into DCBBS, NVIDIA Blackwell, AMD Helios and full stack AI infra
- Verda (leading EU AI cloud provider) selected SMCI’s liquid-cooled NVIDIA Blackwell systems for AI cloud infra across Europe (May 27 2026)
- showcasing a next-gen AMD Helios 72-GPU rack scale platform, targeting large-scale AI training and inference (June 01 2026)
- founder-led since 1993, broader team looks good too. what’s negative about management seems to be compliance perception and financial-control credibility
- low margins, heavy working-capital, competition and negative FCF = bear case. there’s also an export issue with a legal/compliance overhang but I don’t think of it as something to consider for a trade
- 16% short interest as of May 15
- broke out of the down trend with above-average volume, pullback towards $40-$42 would be a good entry, will update later
I think it will follow $DELL and $HPE , I like their business more as a whole but SMCI has more torque and faster growth.
Integration plays seem to be working these days
NFA / DYOR
$ADBE is weighing David Wadhwani and Anil Chakravarthy as leading internal CEO candidates, per Bloomberg.
Adobe also hired Heidrick & Struggles to search externally for AI product leaders as it faces pressure from AI-native creative tools.
$SNAP AWE in 2 weeks!
Evan is headlining AWE followed by Ziad of $QCOM a Snap partner!
Cofounder Bobby Murphy is set to take the stage as well in the afternoon
Another interview with @evanspiegel linked below with talk on @Spectacles starting at the 8:57min mark
https://t.co/coxzqweJR6