Dell Surges 9% After Lifting Fiscal 2027 Forecast on AI Server Strength
Guidance·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Dell's stock rose 9% following an announcement that it expects AI server revenue to triple in fiscal 2027, a significant increase from its previous forecast of doubling. The company reported $60.9 billion in AI server orders and a backlog of $95 billion, raising questions about the sustainability of this demand surge.
The updated forecast reflects Dell's strong positioning in the AI market, with the company seeing robust growth in its server segment. This optimism is underscored by the substantial backlog, indicating continued demand for its AI-related products.
Dell
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SourceReports the news
“Dell sees AI server revenue tripling in fiscal 2027.”
CNBC — Dell surges 9% after lifting fiscal 2027 forecast on AI server strength“Dell (DELL) Reports $60.9B of AI Server Orders and a $95B Backlog. Can the Demand Surge Produce Durable Cash Flow?”
Yahoo Finance — Dell (DELL) Reports $60.9B of AI Server Orders and a $95B Backlog. Can the Demand Surge Produce Durable Cash Flow?