Dell Buoys AI Trade as Earnings Beat Amid Chip Shortages
Dell reported quarterly revenue of $47 billion, up 58% year over year, and non-GAAP operating income of $5.9 billion, up 160%. AI-optimized server revenue reached $16.4 billion, up 100%, as customers face rising costs for GPUs and high-bandwidth memory. Dell said demand is not the issue and shares rose in after-hours trading.