Dell, Super Micro shares jump on reports of ‘AI Factory’ for Elon Musks xAI

Dell Technologies Inc. shares rose on Thursday after Chief Executive Officer Michael Dell said the company is building a “Dell AI factory” for Elon Musk’s startup xAI alongside Nvidia Corp.

“We’re building a Dell AI factory with Nvidia to power Grok for xAI,” Michael Dell wrote in an X post on Wednesday.

Musk responded to comments about the post, saying that Super Micro Computer Inc. would also be providing servers. Super Micro’s X account replied to Musk with a celebration emoji and a link to its website.