Dell shares gain after strong AI server demand boosts annual forecast

Sept 2 : Dell Technologies' shares climbed nearly 10 per cent in premarket trading on Wednesday, as strong demand for its AI-optimized servers powered an increase in its annual revenue and profit forecasts.AI infrastructure companies have benefited from rising demand as tech firms and hyperscalers ramp up investments in data centers to support large language models and other AI applications. Peer Super Micro Computer had also reported upbeat results last month."The AI momentum spoke for itself," said analysts at J.P.Morgan, noting Dell's record $60 billion of orders and $95 billion backlog in the quarter.Dell's 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. "Sto