Elon Musk Reveals AI Partners

xAI (private) is Elon Musk’s new startup that just raised $6 billion from investors.

The company is building a new AI Factory in Memphis. And Elon says it’ll be the world’s biggest supercomputer.

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Yesterday Elon announced its partners that are building the AI factory.

It started when Michael Dell explains that Dell (NASDAQ: DELL) is working with xAI…

A couple hours later Elon replied…

Plus, Elon explained that Super Micro Computer (NASDAQ: SMCI) was a 2nd partner.

Plus, the datacenter will run 100,000 H100s from Nvidia (NASDAQ: NVDA). This investment is expected to be around $2.5 billion.

Phase 2 of the new AI Factory will require 300,000 of Nvidia’s next generation Blackwell chips.

On Thursday morning trading…

Shares of Dell were up 4%. Super Micro was up 5%. And Nvidia added another 3%.

Here’s why this is important…

Nvidia may be the best-known pure play AI stock. Yet there are hundreds of other companies that are profiting from the AI revolution.

Elon’s announcement validates Dell and Super Micro as AI partners.

Both stocks have been huge winners this year. Dell is up 111% and Super Micro is up 235%.

I’m still incredibly bullish on Artificial Intelligence.

Instead of chasing stocks shares of Dell and Super Micro…

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