US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) rose by 7% and will partner with DataVolt to create an artificial intelligence park in Saudi Arabia.

On Friday, Super Micro Computer, Inc. (SMCI.US) rose 7% to $47.09. In terms of news, Super Micro Computer, Inc. announced today that they have entered into a strategic partnership with DataVolt to initially build a large-scale artificial intelligence campus in the Kingdom of Saudi Arabia, based on a memorandum of understanding (MOU). This move aims to drive local digital transformation and technological innovation. The campus will integrate advanced artificial intelligence technology to attract global businesses and talent. Through this project, Saudi Arabia hopes to further enhance its position in the global technology sector. Specific construction timelines and details have not been disclosed. This partnership requires negotiation between both parties and the completion of one or more final agreements. The products expected in the transaction have a minimum market value of $20 billion. It is reported that this collaboration will accelerate the delivery of Super Micro's Ultra Super Dense GPU platform, storage, and rack PnP systems, providing services for DataVolt's large-scale megawatt-scale renewable and net-zero green artificial intelligence campus, offering customers unprecedented scale and sustainability. Super Micro's cutting-edge liquid cooling solutions can reduce power costs by up to 40%, accelerate deployment and time to market, and operate data centers more efficiently with lower power usage effectiveness (PUE). Charles Liang, President and CEO of Super Micro Computer, Inc., said: "We are excited to work together to deliver significantly enhanced compute capabilities for the next generation of AI infrastructure. We look forward to collaborating with DataVolt to introduce our advanced AI systems, which leverage the latest Direct Liquid Cooling technology (DLC-2) and are powered by locally renewable, sustainable, and net-zero green technology."