Dell stock rises with $5B AI deal with Elon Musk's xAI

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Fri, Feb 14, 2025, 2:20 PM

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.

Yahoo Finance Senior Reporter Josh Schafer joins Market Domination host Julie Hyman to discuss the details.

While Dell's AI efforts are gaining attention, its core business — computers and other products — remains a major focus. The stock surged last year amid optimism about AI but has since leveled off as analysts evaluate the sustained growth potential of AI within Dell’s broader portfolio.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Josh Lynch