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Dell Technologies (NYSE: DELL) booked $61 billion in artificial intelligence (AI) server orders during the second quarter (Q2), up from $24 billion in Q1. The AI build-out continues to fuel its pipeline, which COO Jeff Clarke says "remains multiples of our backlog."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
AI server revenue grew 100% to $16.4 billion, and traditional servers and networking revenue rose 122% year over year. Total revenue climbed 58% to a record $47 billion, and the company now expects growth of around 70% for the full year.
Adjusted earnings per share of $7.04 came in well above analyst estimates of roughly $5, and management raised guidance to $25.50 for the year. Is this still an opportunity for investors?