2024-03-23 10:03:58 ET
Summary
- SGH looks set to continue the recent rally after overcoming resistance to the stock, but there are several reasons why caution is warranted.
- There is an intense search for AI winners, and SGH has the potential to be one, but the evidence SGH deserves to be called an AI play is rather thin.
- The IPS unit is expected to see strong growth due to AI, but it may be premature to draw conclusions based on recent numbers.
- SGH comes with elevated risk after the huge rally because it could disappoint again as an AI play, like it did not long ago.
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Smart Global Holdings: Keeps Getting The Benefit Of The Doubt Thanks To AI