Dell surges 9% on optimism it has secured big AI server orders

Dell shares are now up over 95% in 2024, trailing the 220% gain from rival AI servermaker Super Micro Computer, but surpassing Hewlett Packard Enterprise's 5% gains this year. Most AI servers are built around Nvidia's chips which have become prized in the technology industry because they are used to build and deploy advanced AI models from companies like Google, OpenAI and Meta. Dell sells servers using the newest Nvidia AI chips, including its H100 GPU and the latest Blackwell-generation chips. At Nvidia's ...