Reported about 1 month ago
Dell Technologies' shares increased by 4% following a significant rise in demand for its AI-powered servers, leading the company to enhance its revenue and earnings projections for the year. Dell's success is attributed to its partnership with Nvidia, with analysts noting that recent performance relied heavily on AI server sales, despite weaker results in storage and PC segments. Revenue from Dell's infrastructure solutions grew by 38% year-over-year, with AI-optimized server demand reaching $3.2 billion in the second quarter.
Source: YAHOO