Dell Says Servers, Not PCs, Are Its Main Growth Engine in the AI Era
- Company expects servers, storage hardware to grow 7% long term
- Personal computer business has slumped since Covid boom
The company said in August that it has more than $2 billion in backlogged orders for a server that is marketed for AI use.
Photographer: Stephen Morton/Bloomberg
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Dell Technologies Inc., the company which helped usher in the era of personal computing, said its most promising business now is the one that sells equipment for data centers.
While Dell expects PCs to emerge from their slump and generate a long-term revenue increase of about 2.5%, the division that sells servers, data storage and other office infrastructure will grow about 7% over the next few years — nearly double the forecast given in 2021, the company told investors Thursday.