Dell raises annual profit forecast on strong AI server demand

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Dell raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips.

Shares of the company, whose servers are used by customers such as Elon Musk’s AI startup xAI and CoreWeave, rose 2% in extended trading.

Dell and Super Micro Computer have benefited from growing demand for such servers, but the high cost of producing them and tough competition have pressured margins.

“We generated $12.1 billion in AI orders this quarter alone, surpassing the entirety of shipments in…



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Dell raises annual profit forecast on strong AI server demand


Dell raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips.

Shares of the company, whose servers are used by customers such as Elon Musk’s AI startup xAI and CoreWeave, rose 2% in extended trading.

Dell and Super Micro Computer have benefited from growing demand for such servers, but the high cost of producing them and tough competition have pressured margins.

“We generated $12.1 billion in AI orders this quarter alone, surpassing the entirety of shipments in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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