Shares of computer equipment manufacturer Dell rose 21.59% to $115 in premarket trading on the New York Stock Exchange after the publication of its quarterly report. Bloomberg writes about this.
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If the growth continues, it will become the largest for Dell since September 1. The company's shares have more than doubled over the past 12 months.
“Known for its computer business, Dell has captured the attention of investors over the past year thanks to a surge in interest in the powerful servers needed to run AI workloads. The company's infrastructure division received revenue of $9.33 billion in the fourth fiscal quarter, which exceeded all forecasts,” the agency writes.
By early February, the order book for AI servers reached $2.9 billion. During the quarter, Dell supplied servers worth $800 million.
In the current financial year, Dell forecasts revenue at $91-95 billion. Analysts on average expect $92.1 billion, Bloomberg notes.