Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Thursday June 20thth and I'm your host Kim Khan. Our top story so far.

Dell and super microcomputer got a boost after Elon Musk said the duo would provide

servers for the supercomputer his artificial intelligence

startup X-A-I is building. Musk's X-A-I raised $6 billion in funding last month

from a number of different investors including venture capital firms and

Driesen Horowitz and Sequoia Capital and others like Fidelity and Prince

Al-Walid bin Tlaal. The company made some headlines earlier this month when

Musk directed some NVIDIA GPS to go there instead of to Tesla.

Speaking of Invidia, shares of the AI Chip Darling

continue to rise.

Tigris Financial boosted its price target on the stock to $170, which would tack on more than 20% to current levels.

The share price is also likely benefiting from a shift in weightings by the Technology Select Sector Spider Fund, symbol

XLK, which happens on Friday.

Invidia will move up to the second largest holding replacing Apple.

XLK is the second largest tech EDF by assets. It is raising its allocation of

invidia to more than 20% from about 5%, while Apple goes down to 5% from

about 21%. According to Bloomberg, that means the fund needs to buy $10 billion of

Invidia shares and shed about $11 billion in Apple.

Invidia is now ahead in the three-horse race between Microsoft and Apple to a four trillion

dollar market cap according to Wedbush securities analyst Dan Ives. He says the

AI Revolution starts with NVIDIA and in our view the AI Party just getting started, as it's 9 PM in a party going

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