"Dell's Stock Surges on Strong Demand for AI Servers"
TL;DR
Dell Technologies forecasts upbeat fiscal 2025 revenue and profit above Wall Street estimates, driven by strong demand for its AI servers equipped with Nvidia's GPUs and a recovering PC market. The company's shares surged over 16% in after-hours trading, while rival Hewlett Packard Enterprise's shares dropped after forecasting quarterly revenue below expectations. Dell expects revenue between $91 billion to $95 billion for the current fiscal year, with a strong AI-optimized server momentum and bullish outlook on the PC market's refresh cycle.
Topics:businessbusinesstech#ai-servers#businesstech#dell-technologies#nvidia-gpus#pc-market#revenue-forecast
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