Dell forecasts $15 billion of AI server sales this year

Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Dell reported fourth-quarter sales that fell short of analysts' estimates but earnings topped Wall Street expectations. Here's how the hardware company did versus LSEG consensus estimates: Revenue : $23.9 billion, versus $24.55 billion estimated : $23.9 billion, versus $24.55 billion estimated EPS: $2.68, adjusted, versus $2.53 estimated. Dell shares are down less than 5% so far in 2025, but the company's stock has more than doubled in the last two years due to soaring demand for artificial intelligence systems, often based around Nvidia graphics processing chips. Dell sells Nvidia-based servers to Elon Musk's xAI, for example, and said it had $4.1 billion in backlogged AI server orders at the end of January. Dell said it sold about $10 billion of AI-optimized servers in its fiscal 2025, and expects to sell about ... Read full article.