Dell Raises Annual Outlook for Shipments of AI Servers

Dell Technologies Inc. raised its annual projections for the key artificial intelligence server market, a sign of sustained demand for the type of machines needed in the current data center boom.

Dell booked $12.3 billion of AI server orders in the fiscal third quarter, which ended Oct. 31, the company said Tuesday in a statement. Dell shipped $5.6 billion worth of the servers and ended the quarter with backlog of $18.4 billion. The company raised shipment projections for the year to $25 billion from $20 billion.