Dell Technologies Inc. is in advanced stages of securing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work.

Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk's xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.

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,

Elon Musk's high-valued artificial intelligence startup relies on Nvidia chips, and is reportedly buying a hefty amount from Dell.

Shares of Dell Technologies (DELL) are up in today’s trading after Bloomberg reported that the tech hardware company is in advanced discussions

It’s believed Dell could deliver the servers to xAI later this year. Analysts cited by Bloomberg estimate that the hardware maker’s AI server sales will reach $14 billion in the 12 months through January 206, which would represent a 40% year-over-year increase. Dell shares closed 3.75% higher today on the report.

Dell Technologies is nearing a deal worth more than US$5 billion to provide Elon Musk's xAI with servers optimised for artificial intelligence work, Bloomberg News reported over the weekend, citing people familiar with the matter.

Shares of Dell (DELL) are rising as it reportedly nears a $5 billion deal with Elon Musk's company xAI for servers supporting artificial intelligence (AI) work, including Nvidia's (NVDA) GB200 chips.

The company will sell servers containing Nvidia Corp GB200 semiconductors to Mr Musk’s AI startup for delivery this year. Read more at straitstimes.com.