Super Micro Computer (SMCI: NASDAQ)

Super Micro Computer (SMCI), a prominent developer and manufacturer of high-performance server and storage solutions, is experiencing substantial growth and profit acceleration in the current year. The company’s energy-efficient and highly customizable servers have become significant beneficiaries of the AI boom, a trend anticipated to persist for years.

SMCI’s exceptional demand is outpacing expectations, primarily driven by the surge in generative AI workloads. To address this burgeoning market demand, the company is strategically focusing on a robust expansion plan, aiming to increase production capacity by 25%. The bullish outlook on SMCI is supported with an entry target above $248.00-$250.00 and an upside target set at $410.00-$420.00.

Royal Gold (RGLD: NASDAQ)

Royal Gold (RGLD), a distinguished precious metal streaming company with global revenue streams, is poised for continued growth. The company expects to receive approximately 8,000 GEOs from May 1, 2023, until the year-end, with an anticipated annual average of around 14,000 GEOs from 2024 to 2028, contributing to increased annual revenue.

The growth in revenue is attributed to higher gold production at the Cortez Legacy Zone, acquisitions of new Cortez royalties in 2022, and elevated prices of gold, silver, and copper. RGLD is on track to achieve a robust 30.2% growth in EPS. With a payout ratio estimated at 35%, the company, with its rising EPS over the last five years, demonstrates the ability to achieve rapid growth while consistently returning cash to shareholders. The bullish stance on RGLD is supported with an entry target above $102.00-$103.00 and an upside target set at $145.00-$147.00.

Bitcoin Dominance (BTC.D)

Bitcoin Dominance (BTC.D) is at a pivotal point, and market participants are closely monitoring the potential scenarios that may unfold.

BTC.D has reached the crucial 53% level of support and is currently in an overbought condition.

Continued Upside: BTC.D might continue its upward trajectory, possibly testing the next resistance at 54%. This scenario could be bearish for altcoins, as Bitcoin dominance strengthens.

Rejection and Downtrend: Alternatively, BTC.D might face rejection in this area, leading to a downtrend with a potential move towards 52.50%. This could signal a shift in dominance favoring altcoins.

Crypto Total Market Cap (TOTAL)

Total Market Capitalization (TOTAL) is at a significant juncture, approaching and testing crucial resistance levels that have been prominent over the past few weeks.

TOTAL is currently testing the $1.40 trillion level, which has been acting as resistance for the past three weeks.

Critical Resistance at $1.40T: The $1.40 trillion level is proving to be a crucial resistance zone, providing a notable challenge for TOTAL.

Next Resistance Levels: If TOTAL manages to break above $1.40 trillion, the next resistance levels to watch are at $1.45 trillion, followed by $1.52 trillion. These levels become significant milestones for potential upward momentum.