Art of Speculation
Art of Speculation|Aug 08, 2026 07:09
Is the AI Server sector about to take off again? Next Tuesday’s SMCI earnings report might be the key catalyst. I think it’s time to start paying attention to the AI Server sector—SMCI, DELL, and HPE charts all look pretty well consolidated. DELL has been range-bound for over two months, oscillating between 360–465. It hasn’t truly broken out of the box yet. If it pulls back to the daily EMA20 and holds, I’ll remain bullish. The real breakout signal will be a volume-driven move above 465. Right now, it’s just waiting for a catalyst—let’s see if SMCI’s earnings next Tuesday will light the fire. Of course, this assumes the broader market doesn’t experience a significant pullback. SMCI itself is starting to show strength again, reclaiming the daily EMA20 and EMA50, with MACD also recovering. The 32–33 range above is the most critical resistance zone. If Tuesday’s post-market earnings can push through this level, the entire AI Server sector might get a boost. HPE is the cleanest chart of the three right now. After breaking through the key resistance at 50.5, it’s retested and confirmed the level multiple times without falling below it. This suggests the area is transitioning from resistance to support. As long as it holds 50–51, the next target is the previous structural high at 64. Stop-loss can be set near the daily EMA20 or the prior day’s low. The broader market is currently consolidating at high levels, which could provide room for sectors that haven’t rallied much yet—so keep an eye on sectors like AI Server.
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