Dell lifts forecasts as AI data center buildout fuels demand

Dell boosted its annual revenue and profit expectations on Thursday, showing data center expansion by clients ‌is fueling demand ⁠for ⁠its AI-optimized servers that are powered by Nvidia’s advanced chips.

Shares of the company, which counts CoreWeave, Honeywell International and Samsung Electronics as its customers, rose around 39% in extended trading.