Super Micro Computer Inc. rose by 7%, will create an artificial intelligence park with DataVolt in Saudi Arabia.

On Friday, Super Micro Computer rose 7% to $47.09. In terms of news, Super Micro Computer announced today that it has formed a strategic partnership with DataVolt to initially build a large-scale artificial intelligence campus in the Kingdom of Saudi Arabia. This move aims to promote local digital transformation and technological innovation. The campus will integrate advanced artificial intelligence technology to attract global companies and talents to participate. Through this project, Saudi Arabia hopes to further enhance its position in the global technology field. Specific construction time and details have not been disclosed. This partnership requires negotiation between both parties and the completion of one or more final agreements. The expected minimum market value of the products in the transaction is $20 billion. It is reported that this collaboration will accelerate the delivery of Super Micro's advanced liquid-cooled GPU platform, storage, and rack PnP systems for DataVolt's large-scale megawatt-level renewable and net-zero green artificial intelligence campus, providing customers with unprecedented scale and sustainability. Super Micro's cutting-edge liquid cooling solutions can reduce power costs by up to 40%, accelerate deployment and launch times, and enable data centers to operate more efficiently with lower energy consumption.