Dell again lifts forecasts as AI demand powers record results

Sept 1 : Dell Technologies on Tuesday boosted its annual revenue and profit forecasts for the second time this year, driven by soaring demand for its AI servers from technology companies pouring billions into data centers.Shares of the Round Rock, Texas-based company rose about 6 per cent in extended trading.Dell, along with smaller rival Super Micro Computer, is a key supplier of AI-optimized servers that are used by AI cloud providers such as Nscale and CoreWeave for building computing clusters.Those servers are equipped with Nvidia's cutting-edge chips that provide the computing power essential for training and running AI models like OpenAI's ChatGPT. Nvidia's and Super Micro's strong forecasts last month had bolstered investor confidence in the resilience of the AI boom. S&P Global Rat