Dell reported an 88% year-over-year revenue increase to $43.84 billion, surpassing analyst expectations, fueled by strong demand for AI servers and traditional data center equipment. AI server revenue surged 757% to $16.1 billion, prompting Dell to raise its full-year AI revenue forecast to $60 billion, a 144% growth projection. The company also secured a $9.7 billion Pentagon contract and raised prices due to higher input costs from the global memory shortage. Dell's stock rose over 19% in extended trading, reflecting investor confidence in its growth driven by AI and infrastructure solutions.
Dell Technologies reported Q1 revenue of $43.84 billion and adjusted earnings of $4.86 per share, both well above analyst expectations, driven by strong AI infrastructure demand. The company's Infrastructure Solutions Group revenue surged 181% to $29...
US stock futures edged higher following gains in major indexes, driven by news of a US-Iran ceasefire extension awaiting President Trump's approval. The deal aims to keep the Strait of Hormuz open while nuclear talks continue. Dell Technologies surge...
Dell's COO Jeff Clarke revealed a surge in demand for AI servers as companies prioritize securing supply over price, planning infrastructure needs 3-5 years ahead. This rush is driven by volatile component prices and supply constraints, especially in...
US stock markets reached record highs driven by a drop in oil prices and strong tech sector performance, with the Nasdaq rising over 8% in May. The easing of inflation fears due to lower oil prices, linked to potential US-Iran ceasefire talks, booste...
Dell reported a strong first-quarter with $43.8 billion revenue, driven by a 757% jump in AI-optimized server sales to $16.1 billion. The company expects full-year AI revenue to reach up to $60 billion, a 144% increase from last year. This fueled a 4...
