Super Micro Computer's new manufacturing facilities in Malaysia and Silicon Valley should enhance production efficiency. Read why SMCI stock is a Buy.

Shares of Super Micro Computer ( SMCI 4.37%), commonly called Supermicro, surged this week, jumping as much as 29.6%, according to data supplied by S&P Global Market Intelligence. As of 3:07 p.m. ET on Friday, the stock was still up 24.4%.

Super Micro stock gained 5.5% to $30.75 on Wednesday. This follows a 8.6% jump on Tuesday after the company said in a filing that it would provide a fiscal second-quarter business