Dell rallies about 40% on strong Nvidia‑powered AI server demand
Dell Technologies experienced a nearly 40% surge in premarket trading due to strong demand for its Nvidia-powered AI servers. The company raised its annual revenue forecast significantly, anticipating AI server revenue to reach about $60 billion by fiscal 2027. Analysts noted this quarter as one of the most impressive in the hardware sector, reflecting a broader shift in AI spending towards hardware.
- ▪Dell's shares rose nearly 40% in premarket trading after strong demand for AI servers.
- ▪The company raised its annual revenue forecast to between $165 billion and $169 billion.
- ▪Dell expects AI server revenue to reach about $60 billion in fiscal 2027, up from $50 billion.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountShares of Dell Technologies (DELL-N) soared nearly 40 per cent in premarket trading on Friday, after robust demand for its Nvidia-powered AI servers prompted the company to raise its annual revenue and profit forecasts.The AI server and enterprise infrastructure supplier is set to add more than US$81-billion in market value at the current share price of US$442.70, if gains hold. (function(t) { t.Hotline = t.Hotline || []; t.Hotline.push({ "id": "73p74b5q", "version": "1.3.3", "period": "YTD", "series": [ { "ticker": "DELL", "title": "Dell Technologies Inc", "exchange": "Stocks - NYSE" } ] }); var b = document.getElementsByTagName("body")[0]; if (!b.classList.contains("gc-hotline-init")) {…
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