Dell Technologies is joining forces with Nvidia to incorporate Nvidia’s latest Blackwell GPUs into Dell servers, specifically the new PowerEdge XE9680L server. This server will include eight Nvidia Blackwell Tensor Core GPUs along with direct liquid cooling, aimed at enhancing data center performance for AI workloads. The market reaction to this collaboration was mixed, with Dell shares decreasing over 2% and Nvidia shares increasing over 2%.
CEO Michael Dell highlighted the significance of this partnership, emphasizing its ability to assist organizations looking to leverage the power of AI. Nvidia CEO Jensen Huang also stressed the importance of their collaboration, noting that it offers a comprehensive AI infrastructure encompassing computing, networking, and software to foster innovation across various industries.
When considering which stock is a better buy between DELL and NVDA, analysts on Wall Street anticipate greater upside potential from NVDA stock. The price target for NVDA of $1,057.76 per share suggests an upside potential of 11.6%, while DELL stock is projected to decline by 10.57% based on an average price target of $130.08 per share.
In conclusion, Dell Technologies is partnering with Nvidia to incorporate Nvidia’s latest Blackwell GPUs into Dell servers, aiming to enhance data center performance for AI workloads. Despite mixed market reactions, the CEOs of both companies underscored the significance of this collaboration in driving innovation across various industries. Looking at the investment perspective, analysts on Wall Street suggest that NVDA stock presents greater upside potential compared to DELL stock.
Article Source
https://www.tipranks.com/news/dell-and-nvidia-nasdaqnvda-to-integrate-blackwell-gpus-into-dells-servers