Dell executives say there is strong demand for AI-powered servers, particularly those powered by Nvidia chips. Read More...
Dell Stock Skids After AI Servers Drag on Margins
Dell Technologies stock slid, despite the company reporting better-than-expected earnings and revenue, boosted by surging demand for AI-oriented servers. Gross margin fell 2.5 percentage points in the first quarter, to 22.2% of revenue. Dell, which is also contending with steep competition on prices and an inflationary environment, projected full-year gross margin would decline by 1.5 percentage points.
The Wall Street Journal•
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