Dell lifts annual forecasts on AI server sales boom

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Dell raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia‘s advanced chips.

Shares fell around 5% in extended trading as Dell’s third-quarter profit outlook was below analysts’ estimates.

Rising demand for AI servers, capable of handling computational needs of AI workloads, is benefiting companies such as Dell and Super Micro Computer, but the high cost of producing them and tough competition have pressured margins.

Dell now expects $20 billion in fiscal…



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Dell lifts annual forecasts on AI server sales boom



Dell raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia‘s advanced chips.

Shares fell around 5% in extended trading as Dell’s third-quarter profit outlook was below analysts’ estimates.

Rising demand for AI servers, capable of handling computational needs of AI workloads, is benefiting companies such as Dell and Super Micro Computer, but the high cost of producing them and tough competition have pressured margins.

Dell now expects $20 billion in fiscal…



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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