Why Super Micro Computer Stock Soared Again Today
The rally in Super Micro Computer (NASDAQ: SMCI) stock continued today as investors got another positive data point on the artificial intelligence (AI) server maker.
One day after the stock jumped after Wall Street analysts said it was one of the best ways to get exposure to AI, Supermicro, as the company is often known, was gaining again on a new deal with DataVolt, a Saudi Arabian data center company. The agreement was one of several announced between U.S. semiconductor companies and Saudi Arabian entities this morning.
As of 1:08 p.m. ET, the stock was up 17% on the news.
Source Fool.com
