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Barchart
Wajeeh Khan

Super Micro Just Nabbed a $20 Billion Partnership. Should You Buy SMCI Stock Now?

Supermicro (SMCI) shares are up more than 17% this afternoon after the AI server giant announced a $20 billion AI infrastructure deal with DataVolt – a data center company based out of Saudi Arabia. 

The multi-year agreement will expedite delivery of GPU platforms and rack systems to hyperscale AI campuses that DataVolt has in Saudi Arabia as well as in the U.S., a press release confirmed on Wednesday. 

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