Dell Technologies is reportedly nearing a $5 billion deal to provide xAI with servers optimized for artificial intelligence work.

Dell said that it sold about $10 billion of AI-optimized servers in its fiscal 2025, and expects to sell about $15 billion in AI system sales this year.

Dell Technologies forecast annual profit above Wall Street estimates on Thursday, while projecting full-year revenue that was in line with market expectations, in a sign of intense jostling in the AI server market.

Dell (DELL) reported fiscal fourth-quarter earnings that exceeded analysts’ expectations, as the PC and server maker benefitted from growing demand for artificial intelligence infrastructure. Dell posted adjusted earnings of $1.

Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk's xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.

Dell Technologies Inc. is in advanced stages of securing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work.

Elon Musk’s artificial intelligence startup already depends on Nvidia’s chips. Now the reliance stands to become more extreme.

Discover Dell's Q3 outlook with focus on AI servers & PC recovery. Expectations include $2.52 EPS & $24.57B revenue.

Dell Technologies Inc. could sell more than $5 billion worth of artificial intelligence servers to xAI Corp., Bloomberg reported today. The paper’s sources said that discussions about the potential deal are in an advanced stage.

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this

Dell on Thursday forecast a decline in its adjusted gross margin rate for fiscal year 2026, hit by higher costs to build artificial intelligence servers in a fiercely competitive market, while its PC business also lagged amid soft demand.