Dell Technologies - AI Boom Drives Results Significantly!
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Business drivers: Dell particularly benefits from the boom in AI servers, which are used for executing and training models like ChatGPT, especially since major players such as Elon Musk's AI startup xAI and the cloud specialist CoreWeave are part of its customer base. Dell Technologies anticipates a significant acceleration in growth, according to CEO Michael Dell. On October 7, Dell Technologies announced that it now expects annual revenue growth of 7-9% by 2030, instead of the previous 3-4%. The target for adjusted earnings growth per share...
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