Dell again lifts annual forecasts as AI demand powers record results

Dell Technologies on Tuesday boosted its annual revenue forecast by $25 billion while also raising its profit outlook for the second time this year, driven by soaring demand for its AI servers.

Dell’s shares rose 7% in extended trading.

The servers, equipped with Nvidia’s chips, are sought by clients including AI cloud ‌providers Nscale and ⁠CoreWeave ⁠to build computing clusters for training and running AI models.