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Dell shares pop on report of $5 billion deal for AI servers for Elon Musk's xAI
DELLDell Technologies(DELL) CNBC·2025-02-14 18:21

Group 1 - Dell shares increased significantly after reports of a potential 5billiondealwithElonMusk′sstartupxAIforartificialintelligenceservers[1]−TheserversareexpectedtoincludeNvidia′sGB200graphicsprocessingunits,indicatingastrongdemandforAI−relatedhardware[1]−Dellreported5 billion deal with Elon Musk's startup xAI for artificial intelligence servers [1] - The servers are expected to include Nvidia's GB200 graphics processing units, indicating a strong demand for AI-related hardware [1] - Dell reported 3.6 billion in quarterly AI server order demand, contributing to a total revenue of 24.37billionforthequarterendedNovember1,whichisa1024.37 billion for the quarter ended November 1, which is a 10% year-over-year increase [2] Group 2 - xAI recently announced a 6 billion funding round aimed at purchasing GPUs, highlighting the startup's focus on enhancing its AI capabilities [3] - The Grok assistant from xAI is currently available for users on the social network X, owned by Musk, indicating the integration of AI into social media platforms [3]