Dell soars as strong AI server demand aids Q4, outlook; unveils …

Feb 29, 2024 · Dell soars as strong AI server demand aids Q4, outlook; unveils 20% dividend hike Feb. 29, 2024 5:03 PM ET Dell Technologies Inc. (DELL) Stock HPQ , FUJHY By: Brandon …

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Dell Soars As Strong AI Server Demand Aids Q4, Outlook; Unveils …

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Feb 29, 2024 · Dell soars as strong AI server demand aids Q4, outlook; unveils 20% dividend hike Feb. 29, 2024 5:03 PM ET Dell Technologies Inc. (DELL) Stock HPQ , FUJHY By: Brandon …

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Dell's Big Quarter, Fueled By Surge In AI-server Demand, Sends …

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Mar 1, 2024 · AI-server demand and a rebound in PC sales in late 2024 should lead to growth of 3% to 5% in fiscal 2025, Dell executives said. They forecast fiscal 2025 annual sales of $91 …

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Dell Shares Rise As AI Server Demand Boosts Results, Forecasts

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Aug 30, 2024 · Revenue from Dell's infrastructure solution group, which includes sale of servers, rose 38% over the year earlier in the second quarter. Demand for AI-optimized servers, …

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Dell Soars As Strong AI Server Demand Aids Q4, Outlook; Unveils

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Dell Technologies (NYSE:DELL) shares soared 16% during post-market trading Thursday after its fourth-quarter results topped expectations, aided by demand for its artificial intelligence servers ...

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Dell Shares Rise As AI Server Demand Boosts Results, Forecasts

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Aug 30, 2024 · Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and …

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Dell Stock Breaks Out On AI Outlook - Investor's Business Daily

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Nov 7, 2023 · The move came after TF International Securities analyst Ming-Chi Kuo tweeted that he thinks Dell's server shipments should grow about 15% in fiscal 2024 from its strong AI …

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FAQs about Dell soars as strong AI server demand aids Q4, outlook; unveils … Coupon?

Is AI server demand in excess of supply?

“The demand is in excess of supply,” Clarke said, explaining the popularity of AI servers and related services. AI-server demand and a rebound in PC sales in late 2024 should lead to growth of 3% to 5% in fiscal 2025, Dell executives said. They forecast fiscal 2025 annual sales of $91 billion to $95 billion. ...

How did Dell's AI-server demand affect its PC sales?

Dell's PC sales experienced modest growth, despite a modest drag on the results. The company reported healthy AI-server demand, which led to sequential growth. However, this growth in AI-server demand might have offset sustained softness in general server demand. ...

Why did Dell stock rise 16% in Q4?

Dell soars as strong AI server demand aids Q4, outlook; unveils 20% dividend hike 10h Dell Technologies (NYSE:DELL) shares soared 16% during post-market trading Thursday after its fourth-quarter results topped expectations, aided by demand for its artificial intelligence servers. ...

Is Dell's AI-optimized server portfolio a good fit for future growth?

The increased demand for Dell's AI-optimized server portfolio, such as the PowerEdge XE9680, combined with a nearly doubled backlog to $2.9 billion (and $800 million in filled orders in the quarter), suggests a robust demand pipeline that positions Dell well for future growth (Q4 Earnings Call). ...

Why is Dell launching AI-servers?

Dell is also a beneficiary of rising demand for its AI-servers that are equipped with chip designer Nvidia's graphics processing units (GPUs), which helps in meeting the demands of high-performance computing. ...

How strong is Dell's momentum in AI servers?

Dell's AI-server momentum is strong, with orders expanding 40% and a backlog of $2.9 billion compared to $1.6 billion in 3Q. Dell forecasted revenue of $91 billion to $95 billion in the fiscal year ending in February 2025, compared to an average estimate of $92.1 billion. ...