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The release of the cost-effective AI models from DeepSeek caused a pullback in Dell Technologies (DELL) due to expected reductions in AI infrastructure spending. However, I increasingly view this as a buying opportunity: xAI has used 200,000 GPUs for training the AI chatbot Grok 3, which was introduced on February 18, on the Supercomputer Colossus. Dell supplies the server racks and is reportedly close to securing an order worth over $5 billion, according to Bloomberg. The order backlog for AI servers recently grew sequentially from $3.8...
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