Dell surges 5% on report of server sale to xAI - Breaking The News

Dell surges 5% on report of server sale to xAI

14 February

1 min read

UNSPLASH / ITS ME PRAVIN

Dell Technologies stock soared 5% on Friday after a report claimed the company is close to agreeing a deal to sell its servers to Elon Musk's xAI.

People familiar with the matter said, as cited by Bloomberg, that Dell is nearing a deal worth over $5 billion to sell servers optimized for artificial intelligence work and containing Nvidia's GB200 semiconductors to xAI before the end of the year.

Dell shares rallied 5.52% to $116.35 apiece at 1:21 pm ET.

mergers and acquisitions dell xai

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