Dell Technologies (DELL) shares climbed following confirmation of a hardware supply deal with Elon Musk’s artificial intelligence firm, xAI. Dell will provide 50% of the server racks for a supercomputer designed to power the next version of the Grok chatbot.
Dell stock rose 6% in pre-market trading. The share price reached $44.30 on June 8, 2026. This AI factory project also involves a partnership with Nvidia.
The contract highlights Dell’s expanding role as an infrastructure provider in the artificial intelligence sector. It demonstrates the company's capacity to secure large-scale hardware agreements with major industry players.