Dell Technologies Inc., the company which helped usher in the era of personal computing, said its most promising business now is the one that sells equipment for data centres.
“AI is additive — it’s going to grow overall technology spend,” he added, citing the increased need for servers equipped with graphics processors, such as the ones made by chipmaker Nvidia Corp., and high-capacity storage. Computer makers have had a difficult year as PC purchases suffered historically steep declines after the pandemic.
Earlier Thursday, Dell increased its long-term profit growth forecast and said it would buy back more stock.
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