AI
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…
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