Super Micro Computer Stock Clears New Path Higher on Saudi Orders

Super Micro Computer Stock Clears New Path Higher on Saudi Orders

Super Micro Computer stock has cleared its way for a higher price, leaving some of the bearish beliefs and theses behind on a new deal.

Super Micro Shares Soar on $20 Billion Saudi Data Center Deal

Shares of Super Micro are surging after DataVolt, a data center firm in the Kingdom, announced a $20 billion multiyear deal to get its hands on servers for its hyperscale campuses Super Micro Computer, Inc., a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced that it has entered into a strategic partnership under a memorandum of understanding (“MOU”) with DataVolt to build hyperscale AI campuses initially in the Kingdom o…