Dell Technologies reported a significant increase in demand for its AI-optimized servers, leading to a substantial rise in its stock price, up 18% after hours and soaring as much as 30% following the earnings announcement. The company's earnings topped estimates, with a particular boost from its AI server segment. Jeff Clarke, Dell's vice chairman and chief operating officer, highlighted the company's momentum in this area, noting that orders for AI-optimized servers increased nearly 40% sequentially, and the backlog nearly doubled, reaching $2.9 billion by the end of the fiscal year, up from $1.6 billion in Q3 and $800 million in Q2. This surge in demand and backlog has been attributed to the adoption of AI technologies, with Dell's AI servers, many of which are powered by Nvidia's H100 chips, playing a crucial role. AI server shipments rose 38.4% year-over-year to nearly 1.2 million units, accounting for 9% share of total server shipments and are expected to grow at a 22% CAGR from 2022 to 2026. The company's share price surged 25% to hit a record high, reflecting investor optimism about Dell's positioning within the AI market.
MyPOV: @DellTech AI optimized server backlog swells to $2.9 B exiting Q4 https://t.co/wwVZXhTTZE "We are also seeing strong interest and orders for AI optimized servers equipped with the next generation of AI GPUs, including the H200 and MI300X," said COO Jeff Clarke. @ldignan
Dell Technologies shares surged 25% to hit a record high following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the #AI boom. Read more: https://t.co/qyhS44xMbc https://t.co/3yS0XiBXsk
Dell Technologies shares surged 25% to hit a record high following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the #AI boom https://t.co/qxAZ461HcU https://t.co/kxhZUwiLlb
Dell rides on the AI wave to new record high https://t.co/gyDKEL2Jgk
.@DellTech AI optimized server backlog swells to $2.9 billion exiting Q4 https://t.co/wNdxedUOlt "We are also seeing strong interest and orders for AI optimized servers equipped with the next generation of AI GPUs, including the H200 and MI300X," said COO Jeff Clarke. @ldignan https://t.co/4mSMwEZ4tj
.@DanielNewmanUV, CEO and Chief Analyst at @TheFuturumGroup, is quoted in a @MarketWatch article detailing how @Dell’s big quarter was fueled by a surge in AI-server demand. https://t.co/3TZPCm8ya1 #Dell #Earnings #AIServer #TheFuturumGroup https://t.co/1FdKtKoqIv
"They have brought AI to a level that I think is shocking." $DELL has positioned itself well within the AI movement, @jimcramer says. He and @davidfaber discuss its most recent earnings that propelled the stock up more than 25% today. https://t.co/wBU4o05oEl
Dell share price jumps 16% on mention of AI server backlog https://t.co/qAh2N6P2qp
Dell Technologies $DELL saw shares gain +27% after sharing better-than-expected Q4 performance and substantial AI-driven opportunities. Their AI server orders increased nearly 40% sequentially in the fourth quarter. #stocks https://t.co/CKopQCAm4D
$DELL said last night its backlog of AI servers, most of which powered by Nvidia $NVDA H100 chips, has reached $2.9 Billion up from $1.6B in Q3 Dell just opened the day up more than 30% following its earnings https://t.co/BFk8eTWDKJ
$DELL said last night its backlog of AI servers, most of which powered by Nvidia $NVDA H100 chips, has reached $2.9 Billion up from $1.6B in Q3 and $800M in Q2 Dell just opened the day up more than 30% following its earnings https://t.co/j5UMu1z6X3
Dell shares soar as annual forecast gets a boost from AI adoption https://t.co/2VeF6dxwFg https://t.co/ndOnI0l16j
AI server shipments rose 38.4% YoY to nearly 1.2 million units, accounting for 9% share of total server shipments. Shipments are expected to grow at a 22% CAGR from 2022 to 2026. $DELL $NVDA $SMCI $AMD https://t.co/3Hm9TUEjnX
$DELL (+27.2% pre) Dell shares soar as annual forecast gets a boost from AI adoption - Reuters https://t.co/l57HIabHhD
Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 15% - MarketWatch https://t.co/tVs32RXls2
$DELL (+16% after-hours) continues its epic run making new highs and of course, it's all thanks to AI “Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion” https://t.co/Hf1WhzWdou
Dell beats fourth-quarter estimates on AI server demand https://t.co/xkMassWZ9B https://t.co/B96kquVaoG
Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers https://t.co/gwcV8ElTJl
Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 18% https://t.co/gpyOlfLctu
$DELL Dell beats, up 18% AH. "Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion," said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies'' https://t.co/rdASVUHTA2
Dell shares soar 20% after beating earnings expectations, cites rising demand for AI servers $DELL https://t.co/novJ4xwizZ
Dell Earnings Top Estimates as Demand for AI Servers Surges https://t.co/BPGDOiU00t