Dell shares rose by 4 percent after reports of a deal with xAI of Elon Musk to purchase $5 billion worth of AI servers with delivery in 2025

Dell shares increased by 4 percent after Bloomberg reported a potential deal with xAI of Elon Musk to purchase $5 billion worth of AI servers. It is expected that servers with Nvidia GB200 graphics processors will be delivered later this year. Dell also stated that demand for AI servers in the third quarter amounted to $3.6 billion. In response to the growing interest in AI technologies, the company's total revenue in the last quarter increased by 10 percent, reaching $24.37 billion.