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Dell Stock Rises on Report of $5B AI Server Deal Talks With Elon Musk’s xAI
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Key Points
- Dell shares climbed on Friday as PC Maker reached $5 billion AI server deal with Elon Musk’s Xai.
- The two companies may soon be able to complete a deal for servers powered by NVIDIA GB200 chips, Bloomberg Report Friday.
- With Friday’s earnings, Dell’s stock has increased by a third of its value in the past 12 months.
Dell Technology (Dell) On Friday, PC Maker reported close to $5 billion in AI server trading, with stock price rising Elon Musk’s The same goes for it.
The deal between Dell and Musk’s AI startups is still finalizing, and XAI has the potential to buy over $5 billion servers powered by NVIDIA (NVDA) GB200 chip, Bloomberg Report Friday.
Dell declined to comment on the report, but Wall Street analysts may ask about it when reporting earnings later on February 27. Musk’s Xai did not immediately respond to a request for comment.
These companies have previously worked with Musk and Dell executives Said last summer Dell will provide hardware for AI “supercomputers” and the company plans to build in Memphis, Tennessee. Dell Ku Jeff Clarke told Bloomberg In December, the company had shipped “ten thousand” graphics processing units to the location.
Dell shares rose about 4% to close at $114.38 on Friday and added a third of its value over the past 12 months.
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