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Dell's AI Growth Boosts Revenue Amid Weak Market Outlook, Shares Drop 13%

16 hours ago

Dell's AI Growth Boosts Revenue Amid Weak Market Outlook, Shares Drop 13%
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7 Highlights

  • Dell's Q3 revenue grows 10%, but falls short of expectations.
  • Dell's stock drops 13% amid weak outlook; still up 65% for the year.
    • Q4 revenue forecast lowered to $24-$25B, missing analysts' predictions.
    • AI boosts Dell's ISG revenue by 34% despite overall revenue shortfall.
    • Dell ships $2.9B in AI servers, with $3.6B in future orders confirmed.
    • Partnering with Nvidia, Dell navigates AI tech and chip supply challenges.
    • Dell's AI server backlog hits $20B, highlighting high demand.
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