Posted 3/1/2024, 4:03:00 PM
Dell Shares Soar on Booming AI Server Sales, Lifting Nvidia and AMD
- Dell stock has best day on record due to strong artificial intelligence (AI) server demand, lifting shares of Nvidia and AMD
- Dell disclosed $800M in AI server shipments last quarter with orders up 40% sequentially
- Analysts see Dell benefitting from AI trend like Nvidia and AMD
- Dell's server business compared to "razors" that attach high-margin products like services
- Dell's AI server momentum signals positive outlook for AMD and Nvidia