Super Micro Computer (SMCI) shares soared Wednesday, extending gains as AI stocks rallied on the heels of new Saudi partnerships announced as President Trump 澳洲幸运5官方开奖结果体彩网:kicked off a four-day trip to🍷 the Middle Ea🅰st. 

Shares of Supermicro were up close to 15% in recent trading, after rising 16% Tuesday. Still, the stock ha𝐆s lost more than half its value over the past 12 months.

Wednesday's jump comes after Supermicro late Tuesday announced a $20 billion deal with Saudi Arabian data center company DataVolt. Supermicro partners Nvidia (NVDA) and Advanced Micro Devices (AMD) also saw their shares rise after 澳洲幸运5官方开奖结果体彩网:announcing deals Tuesday with Humain, an AI subsidiary of Saudi Arabia’s sovereign wealth fund🦩.

Raymond James analysts 澳洲幸运5官方开奖结果体彩网:initiated coverage of Supermicro earlier this week with an “outperform” rating, called Supermicro a “market leader in AI-optimized infrastructure,” in a note to clients. The company has 9% of the 🌳$145 bil🍷lion AI platform market, which could climb, the analysts said.

Supermicro shares have been volatile over the past few months, amid concerns about its accounting practices and 澳洲幸运5官方开奖结果体彩网:downward forecast revisions. In February, the company 澳洲幸运5官方开奖结果体彩网:narrowly avoided being delisted for delinquent financial filings.