Dell surges ~14% on AI Data Platform expansion and KIOXIA 157 PB storage partnership
What happened
Dell Technologies (DELL) jumped about 14% in Wednesday's afternoon session to around $382.93, after the company announced an expansion of its AI Data Platform with enhanced storage, search and analytics features, and partnered with KIOXIA America to create a 157 petabyte object storage architecture built in a standard 42U rack using Dell ObjectScale on PowerEdge servers with KIOXIA 245.76 TB solid-state drives. The move came as CoreWeave's better-than-expected Q3 results eased fears of cooling AI infrastructure spending and lifted the whole AI hardware complex.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Dell (DELL) — direct beneficiary of renewed AI infrastructure demand and the KIOXIA storage deal. CoreWeave (CRWV) — its Q3 beat was the catalyst for the sector-wide rebound. Nvidia (NVDA), Broadcom (AVGO), Micron (MU), Marvell (MRVL), AMD — all rose 2-7% on the same AI-demand reassurance. AI server/hardware complex broadly.