Elon Musk's xAI supercomputer project has led to a rise in stock prices for Super Micro and Dell.

Elon Musk's xAI supercomputer project has led to a rise in stock prices for Super Micro and Dell.
Elon Musk's xAI supercomputer project has led to a rise in stock prices for Super Micro and Dell.

Elon Musk's AI startup xAI experienced a surge in stock prices on Thursday after it was announced that two hardware manufacturers would provide servers to aid in the development of a supercomputer.

Musk stated in an X post that Dell is putting together half of the racks for the supercomputer that xAI is constructing, and Super Micro will also be involved.

In premarket trading, Super Micro's stock increased by approximately 5%, while Dell's shares rose more than 3%.

Tesla is planning to construct a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at its factory in Austin, Texas. This technology will aid Tesla in developing the computer vision and large language models required for robots and autonomous vehicles.

Last year, Musk founded xAI as a competitor to Google-backed OpenAI, which he also co-founded.

Dell CEO Michael Dell announced on Wednesday that his company is establishing a "Dell AI factory" to support Elon Musk's AI bot Grok.

by Yun Li

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