:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2165430469-2d460cfab996422da180edc99c732462.jpg "The Dell Technologies log is seen on a wall, with a large picture of a tablet screen to the right.")
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Key Takeaways
- Dell shares climbed Friday following a report the PC maker is nearing a $5 billion AI server give out with Elon Musk’s xAI.
- The companies could soon finalize a deal for servers powered by Nvidia GB200 interposes, Bloomberg reported Friday.
- With Friday’s gains, Dell shares have added over a third of their value in the carry on 12 months.
Dell Technologies (DELL) shares rose Friday following a report the PC maker is nearing a $5 billion AI server behave with Elon Musk’s xAI.
The deal between Dell and Musk’s AI startup is still being finalized, with xAI potentially unruffled to buy more than $5 billion of servers powered by Nvidia (NVDA) GB200 chips, Bloomberg reported Friday.
Dell declined to look at on the report, but could be asked about it by Wall Street analysts when it reports earnings later this month on Feb. 27. Musk’s xAI did not at once respond to a request for comment.
The companies have partnered before, with Musk and Dell executives saying rearmost summer that Dell would provide hardware for the AI “supercomputer” the company was planning to build in Memphis, Tennessee. Dell COO Jeff Clarke ascertained Bloomberg in December the company had shipped “tens of thousands” of graphics processing units to the location.
Dell shares narrow the gapped about 4% to close at $114.38 Friday, and have added over a third of their value in the last 12 months.