Dell Accelerates AI Business Despite Supply Bottlenecks
Dell already reaches 4,000 AI customers
The share buyback program has been increased by $10 billion
Reading Time: 2 minutes
Dell Technologies (DELL) is keeping its promise to tackle the general supply bottlenecks stemming from the COVID pandemic. In a way, the "COVID Playbook 2.0" is ensuring success in the challenging macro environment. With a price-to-earnings ratio of 14.5, it presents an attractive valuation for a direct beneficiary of AI. Backed by a record order backlog of $43 billion in AI servers, revenue from AI servers is expected to double to over $50 billion by fiscal year 2027. A significant portion of this is attributed to NVIDIA's Grace Blackwell systems,...
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