Dell raises long-term annual revenue, profit growth forecasts on strong AI server demand

Dell Technologies has elevated its long-term annual revenue growth forecast to 7-9%, driven by soaring demand for AI servers needed for generative AI applications like ChatGPT.

• Dell Technologies revised its compounded annual revenue growth forecast to 7% to 9%, significantly up from a previous estimate of 3% to 4%.
• The surge in demand for powerful computing servers, particularly for training generative AI products, has notably benefited Dell and competitors like Super Micro Computer.
• This growth forecast comes as companies increasingly invest in AI technologies, indicating a broader trend towards digital transformation and reliance on enhanced computing capabilities.