💨 Abstract

Dell Technologies forecasts annual profit above Wall Street estimates due to cost cuts and increased demand for AI-optimized servers, powered by Nvidia chips. The company's AI server backlog is approximately $9 billion. Dell's shares rose nearly 3% in extended trading. The company also increased its annual cash dividend and share repurchase authorization. However, the company faces competition from rivals like HP Inc and potential price increases due to U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖