Dell Technologies Reports Stellar Growth Driven by Nvidia and Generative AI Demand
Friday, 30 August 2024, 07:52
Highlights of Dell Technologies' Q2 Achievement
Dell Technologies has successfully surpassed Wall Street estimates for its second-quarter performance, achieving impressive figures in both revenue and profit. The key driver of this success is the strong demand for AI-powered servers that leverage Nvidia's cutting-edge graphics processors.
Quarterly Performance Overview
- Revenue: Increased by approximately 9%, reaching USD 25.03 billion, ahead of estimates.
- Adjusted Profit: Reported at USD 1.89 per share, exceeding the expectation of USD 1.71 per share.
Strategic Business Moves
The focus on generative AI technology has enabled Dell to align its business strategy toward meeting the increasing computing needs of AI systems, particularly in training language models.
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