Big Tech
Dell Rises on Revenue Beat Fueled By Demand for AI Servers
- Total revenue jumped 9% to $25 billion on server demand
- Sales of PCs to business clients show little sign of revival
Dell Technologies headquarters in Round Rock, Texas.
Photographer: Sergio Flores/BloombergThis article is for subscribers only.
Dell Technologies Inc. shares rose after the company reported better-than-expected revenue due to an increase in the sales of servers built for handling artificial intelligence workloads.
Orders of AI-optimized servers were $3.2 billion in the fiscal second quarter, up from $2.6 billion in the previous period, Dell said Thursday in a statement. The sales backlog for the equipment was $3.8 billion, with the pipeline of deals “several multiples” of that, Chief Operating Officer Jeff Clarke said in the statement.