Super Micro Computer ( SMCI 5.00%), more commonly known as Supermicro, went on a wild ride over the past year. The maker of artificial intelligence (AI) servers closed at a record split-adjusted high of $118.81 on March 13, 2024, which marked a 1,020% gain over the previous 12 months.

Shares of Super Micro Computer were climbing again Friday, capping off an excellent week for the highly volatile server company.Super Micro was up 5% to $46.14 on Friday, making it one of the top performers in the S&P 500 for the day.

Saudi Arabia’s plan to invest $20 billion in U.S. artificial-intelligence data centers and energy infrastructure creates big opportunities for AI stocks.