Dell Technologies (DELL) Rises on $5 Billion AI Server Deal with xAI

Feb 18, 2025

Dell Technologies (DELL, Financial) saw its stock price increase by over 4.5%, reaching $119.54. This surge follows reports that xAI, an AI startup founded by Elon Musk, has entered into an agreement with Dell. Under this deal, xAI will purchase AI servers worth $5 billion from Dell. This collaboration highlights the growing demand for AI infrastructure and Dell's strategic positioning in the tech industry.

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