Subj : Dells server sales are riding high off of cloud and AI investment
To   : All
From : TechnologyDaily
Date : Fri Aug 30 2024 12:30:05

Dells server sales are riding high off of cloud and AI investment

Date:
Fri, 30 Aug 2024 11:18:11 +0000

Description:
The companys long-time coming collaboration with NVidia, one of the worlds 
biggest AI processor manufacturers, is getting results.

FULL STORY
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Dells latest quarterly results have surpassed Wall Streets expectations, 
driven by an 80% rise in server sales largely attributed to business and 
cloud storage provider interest in artificial intelligence ( AI ). 

Per CNBC , Dells net income has climbed to $841 million from $455 million 
versus last year, while overall revenue for the quarter, $25.06 billion, saw 
a 9% increase from $22.93 billion this time last year. 

These upward trends chime with AIs stranglehold on the tech industry, and 
Dell isnt the only company seeing them. Days previously, HP announced its own 
Q3 performance results , including a 2% rise in net revenue and a return to 
revenue growth for the company, citing the release of a range of AI-powered 
PCs . Dells AI PC dominance 

Dell has become one of the largest vendors for AI-equipped servers that use 
reliable hardware, such as Nvidias own Blackwell chip range , set to suit 
trillion-parameter scale generative AI purposes. 

Back in May 2024 at this years Dell Technologies World conference, Dell CEO 
Michael Dell and Nvidia CEO Jensen Huang made a j oint announcement of an AI 
factory , combining server production with a generative AI solution for 
digital assistants to help businesses to deploy AI chatbots . 

Given the scale of this operation across hardware and software production and 
deployment, its perhaps no surprise that Dells Chief Operating Officer Jeff 
Clarke was, per CNBC , quoted on the latest earnings call as saying that we 
are competing in all of the big AI deals and are winning significant 
deployments at scale, and going so far as to disclose a backlog of $3.8 
billions worth of unfulfilled AI server orders. More from TechRadar Pro This 
AI PC designed for complex tasks & heavy workloads is coming soon "We're 
probably the only company that has all the pieces"  AMD on why it is ahead of 
rivals Nvidia and Intel when it comes to AI PCs Doomed to fail? Most AI 
projects flop within 12 months, with billions of dollars being wasted



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Link to news story:
https://www.techradar.com/pro/dells-server-sales-are-riding-high-off-of-cloud-
and-ai-investment


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