Silver Lake, a major shareholder in Dell Technologies (DELL, Financial), has recently sold approximately $12.9 million worth of Dell's Class C Common Stock. Dell's shares rose 83% over the past year, and the shares were sold at prices between $125.28 and $126.15 apiece. At the moment, the company's market capitalization is $86.7 billion.
The transactions included other Silver Lake entities, including Silver Lake Technology Associates V, L.P. and Silver Lake Partners V DE (AIV), L.P. and SLTA V (GP), L.L.C. While the sale took place, Silver Lake still has a very large holding in Dell by way of indirect ownership structures.
Earlier this month, Dell Technologies said strong demand for server and infrastructure solutions based on Artificial Intelligence drove its third-quarter revenue up by 10 percent to $24.4 billion. As earnings per share grew 14 percent year over year to $2.15, the company announced a 20 percent annual increase in cash dividends for the quarter, with a dividend per share of $0.445.
Additionally, Dell is partnering with Nvidia (NASDAQ: Supermicro Computer (NASDAQ: SMCI)), and NVDA will help xAI support the expansion of its Colossus supercomputer in Memphis, which will add over one million GPUs and represent a large investment in AI infrastructure.
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