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 rising 8.2% to $47.56 on Friday, making it the top performer 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.