Super Micro Computer (SMCI) Partners With DataVolt to Build Saudi AI Campuses
US President Donald Trump wrapped up his tour of the Middle East today, concluding numerous high-profile deals and diplomatic engagements with countries such as Saudi Arabia, Qatar, and the United Arab Emirates (UAE).
On his last stop of the Gulf tour, Trump inked a massive AI data centre project where the two countries will be partnering on an artificial intelligence campus. Trump noted that the United Arab Emirates and the United States had agreed on a path for the Gulf country to buy advanced AI semiconductors from U.S. companies. This marks a significant step forward in Abu Dhabi's efforts to become a global AI hub.
The AI agreement 'includes the UAE committing to invest in, build, or finance U.S. data centres that are at least as large and as powerful as those in the UAE.'
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Trump also pledged to strengthen U.S. ties to the United Arab Emirates, announcing deals with the Gulf state totalling over $200 billion. The two countries have agreed to deepen cooperation in artificial intelligence.
The US and UAE have agreed to establish a 'US-UAE AI Acceleration Partnership' framework. Trump and Sheikh Mohamed also attended the unveiling of the new 5GW AI campus. This would be the largest outside the United States. However, the countries did not specify which AI chips from Nvidia or other companies could be included in the data centres.
'In the UAE, American companies will operate the data centers and offer American-managed cloud services throughout the region. The agreement also contains strong security guarantees to prevent diversion of U.S. technology.'
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
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A team of technicians in a server room, testing and managing the newest server solutions.Super Micro Computer, Inc. (NASDAQ:SMCI) designs and manufactures high-performance server and storage solutions for data centers, cloud computing. On May 16, the company announced that it has entered into a strategic partnership under a memorandum of understanding ('MOU') with Saudi Arabian startup DataVolt. The MOU aims to build hyperscale AI campuses initially in the Kingdom of Saudi Arabia, with Supermicro's ultra-dense GPU platforms, storage, and rack PnP systems to be delivered for DataVolt's green AI campuses.
Some of the advantages of Supermicro's state-of-the-art liquid cooling solutions are that they reduce power costs up to 40%, accelerate time-to-deployment and time-to-online, and allow data centers to run more efficiently. Supermicro noted that the collaboration is subject to negotiation and completion of one or more definitive agreements between the parties.
'Supermicro is thrilled to work together in this important effort to deliver significantly enhanced computing power for the next generation of AI infrastructure. We are excited to collaborate with DataVolt to bring our advanced AI systems featuring the latest direct liquid cooling technology (DLC-2) powered by local renewable, sustainable, and net-zero green technology.'
Overall, SMCI ranks 10th on our list of trending AI stocks on Wall Street right now. While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMCI and that has 100x upside potential, check out our report about this cheapest AI stock.
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