SMCI is down about 51% from its highs and is currently trading around $32. The main driver for the drop was a big revenue miss in Q1, making it the third-most-shorted stock right now. However, management guided Q2 revenue between $10 billion and $11 billion, which is significantly higher than the $8 billion analyst consensus. They also secured a new $2 billion credit facility to support global expansion and are prepping for upcoming Nvidia and AMD launches. Analysts have a mean price target of $45. With a forward P/E of 16.8x and high short interest, this could be a squeeze candidate if the next earnings report shows improvement.