Dell Technologies stock 1years 260% gain, AI server revenue 161billion dollars
Dell Technologies' share price has risen over the past 1years by 260%. Revenue from AI-optimized servers increased 757% year over year to 161billion dollars, and the company announced that its AI server backlog stood at 513billion dollars and that it expects AI server revenue in 2027to reach 600billion dollars.
Dell Technologies' share price has risen over the past 1years by 260%. The performance of Dell's stock has become a major topic among investors. Results from its AI-related business are being cited as a reason for the recent rise.
According to the company, revenue from AI-optimized servers increased 757% compared with the same period a year earlier. The revenue totaled 161billion dollars. The company disclosed this revenue figure in its quarterly results.
Dell reported an AI server backlog of 513billion dollars. The company said it expects AI server revenue in 2027to reach 600billion dollars. The company presented its order backlog and revenue outlook to investors.
Analysts’ average price target is 440dollars. Some analysts continue to maintain a positive view. Meanwhile, some investors are concerned about the possibility of a correction following the recent share-price rally.
The market believes that earnings indicators and order backlog figures have had a significant impact on the share price. Discussions among investors about buying and profit-taking are continuing. The company’s results and guidance for the coming quarters remain additional points of interest.
Sources: Investing.com
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