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Dell shares pop on report of $5 billion deal for AI servers for Elon Musk's xAI

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Dell would sell $5 billion worth of servers containing Nvidia graphics processing units to Elon Musk's artificial intelligence startup xAI, according to Bloomberg .

Musk 's company announced a $6 billion funding round in December .

Many data center gear manufacturers have been seeing growth from selling boxes for training and running AI models.

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