Much of the market rally this year has been driven by excitement regarding artificial intelligence (AI) and the growing number of potential applications for the technology. Conservative estimates place the market value of generative AI in the neighborhood of $1 trillion, while others are much higher. Companies at the leading edge of technology -- those providing the semiconductors and servers necessary to integrate AI -- have seen demand for their products soar, helping fuel the rally. A number of intriguin ...

Elon Musk announced that Dell Technologies and Super Micro Computer will be providing hardware for his artificial intelligence (AI) project. Musk said the two companies would be involved in assembling the supercomputer that his startup, xAI, is building. Dell CEO Michael Dell also noted that Dell was working with Nvidia to create a factory to power xAI's chatbot, Grok. Shares of Dell Technologies (DELL) and Super Micro Computer (SMCI), also known as Supermicro, rose in intraday trading Thursday after Elon M ...

Dell (NYSE:DELL) stock has returned about 100% year-to-date (YTD) on the heels of the artificial intelligence (AI) revolution — and CEO Michael Dell has taken full advantage of the generous returns. Dell's last insider sale, on June 14, consisted of 2.83 million shares worth $379.54 million. Before that, he offloaded 7.09 million shares between June 10 and June 13. In 2024, the CEO has now sold $2.12 billion worth of DELL stock. These recent sales aren't entirely surprising, as Dell filed a Form 144 on June ...

These aren't the only tech stocks that stand to benefit from a partnership with Musk's company. But if plans for the factory progress, both companies could see significant growth over the coming year. As a tech company that doesn't make as many headlines as some of its peers, there's no question that Dell will benefit from this partnership. CEO Michael Dell announced the news yesterday morning with a post on his X account: Dell is best known as a maker of affordable personal computers. But these days, most ...

Super Micro Computer and Dell Technologies are building an AI factory for xAI. In today's video, I discuss recent updates impacting Super Micro Computer (SMCI 7.30%), Dell Technologies (DELL 1.62%), Nvidia (NVDA 2.20%), and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of June 18, 2024. The video was published on June 19, 2024. ...

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will provide servers to help his artificial intelligence startup xAI develop a supercomputer. "Dell is assembling half of the racks that are going into the supercomputer that xAI is building," ...

Key Takeaways Dell (DELL) shares, which have gained 10% over the past two trading sessions, remain in focus on Thursday after Elon Musk said Wednesday that his artificial intelligence (AI) startup xAI will use the hardware giant's server racks to build its supercomputer. In a separate X post earlier on Wednesday, Dell CEO Michael Dell said that the company has partnered with AI chipmaker Nvidia (NVDA) to build an AI factory to power xAI's chatbot Grok. Musk told investors earlier this year that xAI plans on ...

The computer giant is successfully capitalizing on the AI opportunity. Dell's outsized stock performance was thanks to the immense demand for artificial intelligence hardware. The company sells PCs, computer servers, and other IT infrastructure products designed for AI. Dell's stock fell after earnings because its gross margin declined 250 basis points in Q1. Not only that, the firm expects gross margin to drop around 150 basis points in its 2025 fiscal year. Management blamed inflation and competitive pres ...

About this content Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of ...

Access your favorite topics in a personalized feed while you're on the go. download the app Remote working is the new norm for many white-collar workers, but their bosses still aren't on board. Dell has been trying its best to do the same. Advertisement Several months after this RTO policy was announced, it appears it hasn't worked. Unless they agree to change their classification, those US Dell workers are now ineligible for promotion. Dell Technologies building in Round Rock, Texas Dell's headquarters are ...