Nvidia Shares Up 3% After Dell And Super Micro Receive Server Orders For AI Startup Elon Musk

Nvidia, whose market cap exceeds Microsoft (photo: x @nvidia)

Nvidia's stock rose 3% before the opening bell on Thursday, June 20, extending the advantage of this semiconductor company as the world's most valuable company. This happened, after partners, Dell and Super Micro Computer, received server orders for Elon Musk's artificial intelligence startup, xAI.

Nvidia, whose market cap surpassed Microsoft on Tuesday, June 18, is expected to add more than 92 billion US dollars (Rp 1.5 quadrillion) to its market value of 3.34 trillion US dollars at 139.35 US dollars, compared to Microsoft which has a market value of 3.32 trillion US dollars.

Dell Technologies and Super Micro Computers rose 3.8% and 4.8%, respectively. Both companies are producing servers equipped with Nvidia chips, allowing them to take advantage of a surge in demand for processors supporting nearly all AI applications.

Musk said on social media platform X on Wednesday June 19n that Dell and Super Micro will supply server shelves for xAI supercomputers, which will be used to develop the capabilities of its AI tool, Grok.

He stated earlier this year that Grok 2 model training required around 20,000 units of Nvidia H100 GPU and the Grok 3 model and beyond will require 100,000 Nvidia H100 chips.

"While Microsoft spends and makes money in AI, Nvidia only makes money and a lot of profits in AI. That's why you can't spell Nvidia without AI," said Jake Dollarhide, CEO of Longbow Asset Management.

Nvidia's share price has almost tripled so far this year, pushing for an increase in the wider market. Super Micro shares have more than tripled their value over the same period, while Dell's shares have risen nearly 95%.

The Philadelphia SE Semiconductor Index has risen nearly 34% since its last low in April and closed at an all-time high on Tuesday.