Few companies have tied their fortunes to AI as much as Dell Technologies has, with the technology giant seeing a rise in server and networking revenue of 80 percent thanks to AI infrastructure sales, while eyeing potential AI PC dividends coming down the pike.
"Our unique capability to deliver leading-edge air and liquid cooled AI servers, networking and storage tuned and optimized for maximum performance at the node and rack level combined with leading ecosystem partners and world-class services and support continues to resonate with customers," he said, adding that orders in the quarter were primarily driven by Tier-2 cloud service providers.
"As we begin the second half of the year, we have optimized our sales coverage to better focus on AI opportunities across CSPs, and both large and small customer segments and geographies," he stated. "We expect growth in the second half of the year, particularly in the fourth quarter. The coming PC refresh cycle and the longer-term impact of AI will create tailwinds for the PC market," predicted Chief Financial Officer Yvonne McGill.