Here's Why Super Micro Stock Jumped This Week
Super Micro Computer (NASDAQ: SMCI) had a turbulent year in 2024. Things have settled down for the artificial intelligence (AI) server maker now, though, and business is picking up. Often referred to as Supermicro, the supplier of high-performance servers for AI data centers, is riding a wave of new data center construction.
That macro tailwind and news this week of an exclusive partnership has the stock surging by 10.4% for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
