DELL'S AI Server Boom: What's Behind Dell Technology Stock's 28% Surge?

  Dell Technologies shares rose an astonishing 28% as of 09:00 a.m. local time on March 1, 24. Behind the gains were Q4 earnings that beat market expectations on the 29th.

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 In the fourth quarter, Dell achieved revenue of $22.3 billion and net income of $2.2 per share. In particular, it remains the No. 1 server, accounting for about 19% of the global market. The Infrastructure Solutions Group (ISG) reported $9.3 billion in sales, with $4.9 billion coming from AI-optimized servers.

 

Source: iStock

 

 In recognition of this performance, Dell increased its annual dividend by 20% to $1.78 per share. In response, Chief Financial Officer Yvonne McGill talked about increasing the dividend, calling it a testament to his confidence in the business. Dell is classified as an AI beneficiary and has received a lot of attention in the stock market, and in 2022, we announced GPU-intensive servers optimized for AI.

 

 Dell Technology is positioned as a leader in the AI era with outstanding performance and technological innovation, and Dell's prospects and expectations for technological innovation are rising. While maintaining competitiveness in key areas such as AI, Dell is expected to continue its development as an innovative company.