Dell shares soar 33% as AI server demand, price hikes power stellar quarter - BNN Bloomberg
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Article Excerpt
Dell’s shares surged 33 per cent on Friday as the PC maker’s blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data centre boom, making the company one of the biggest beneficiaries of the new technology.
The company, whose AI servers are crucial components in the global AI infrastructure build-out, is set to add US$68 billion to its market value of about US$206 billion, if gains hold.
A household name in the PC market, Dell has in recent years scaled up its AI hardware business. Dell’s AI server revenue of US$16.1 billion surpassed its PC unit’s…
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