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International Business Times UK

Technology

Vinay Patel

Musk Names Dell, Super Micro As xAI Supercomputer Suppliers, Making Company Stocks Soar

Elon Musk Michael Dell Super Micro XAI United States Apple Nvidia OpenAI Tesla Inc. Microsoft

Elon Musk's AI startup, xAI, partners with Dell & Super Micro to build a massive supercomputer. This news sent their stock prices soaring as AI competition heats up. (Credit: Wikimedia Commons)

Elon Musk's announcement that Dell and Super Micro Computer will supply servers for xAI's supercomputer triggered a surge in the stock prices of both companies on Thursday.

Elon Musk further clarified in an X post that Dell will provide half the server racks for xAI's supercomputer, with Super Micro also contributing. Super Micro's stock price significantly outperformed Dell's, surging over eight per cent in recent trading, while Dell's stock price only rose by one per cent, according to a CNBC report.

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