Bloomberg is reporting that:
- Dell is near deal to sell $5B of AI servers to Musks xAI.
- The servers are to include Nvidia Blackwell chips
Shares of Dell spike higher to $116.88. The 38.2% retracement of the move down from the December high comes in at $117.80. Getting above that level is needed to increase the buyers confidence that the low may be in place.
Dell reported earnings on February 27.
To give you an idea their revenue estimate is $24.57 billion for the quarter.
This article was written by Greg Michalowski at www.forexlive.com.
