Dell Stock Rises on Report of $5B AI Server Deal Talks With Elon Musk’s xAI

Dell Stock Rises on Report of B AI Server Deal Talks With Elon Musk’s xAI

Key Takeaways

  • Dell shares climbed Friday following a report the PC maker is nearing a $5 billion AI server deal with Elon Musk’s xAI.
  • The companies could soon finalize a deal for servers powered by Nvidia GB200 chips, Bloomberg reported Friday.
  • With Friday’s gains, Dell shares have added over a third of their value in the last 12 months.

Dell Technologies (DELL) shares rose Friday following a report the PC maker is nearing a $5 billion AI server deal with Elon Musk’s xAI.

The deal between…

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