Dell Stock Rises After Company Reports Stronger-Than Expected Earnings, AI Server Surge
DELLDell Technologies(DELL) Investopedia·2024-08-30 05:26

Key TakeawaysDell's second-quarter results beat expectations on the top and bottom lines. Server and networking revenue rose 80% to a record 7.7billion.AI−optimizedserverdemandrose237.7 billion.AI-optimized server demand rose 23% sequentially. Dell Technologies (DELL) shares jumped after the bell Thursday following second-quarter revenue that cleared analysts’ expectations on the strength of artificial intelligence (AI) sales. Revenue rose 9% year-over-year to 25 billion, above the analyst consensus from Visible Alpha. Server and networking rev ...