Dell's AI Server Boom Boosts Stock 76% in 2024

Dell Technologies' stock skyrocketed by 76% this year, fueled by surging demand for its AI server solutions. Anticipation builds ahead of their fiscal Q3 earnings report on November 26, with analysts bullish on surpassing expectations thanks to a robust $3.8B order backlog and potential customer shifts from Super Micro Computer.

With the AI server market capturing 30% of global sales and Dell projecting $11.48B in AI server revenue for fiscal 2025, investors are eyeing the tech giant’s promising trajectory in the booming AI landscape.