Dell stock pops as company ups long-term revenue growth expectations
Summary
Dell raised its long-term revenue and profit growth targets after telling analysts that AI demand is accelerating. The company now expects annual revenue growth of 7% to 9% and at least 15% diluted EPS growth for the full year. Dell is leaning on its AI server, storage, networking, and services stack to capture more enterprise spending on AI infrastructure. The update reinforces Dell’s role as a major supplier to cloud and AI buyers, including customers deploying Nvidia-based systems.
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AI Software
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NVIDIA Corporation
$1B+
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$10M to $25M