Dell raises growth targets for next four years on strong AI server demand


FILE PHOTO: 3D printed clouds and figurines are seen in front of the Dell logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Dell on Tuesday nearly doubled its annual profit growth target for the next four years, betting on robust demand for its servers that power artificial intelligence workloads.

The company, whose customers include Elon Musk's AI startup xAI and CoreWeave, lifted its expectations for annual growth in adjusted earnings per share to at least 15% from around 8%.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Scale of social media use in pre-school children ‘deeply alarming’
Opinion: Are QR codes computer-friendly?
Pick your handle: WhatsApp preparing reservation queue for usernames
'Kirby Air Riders': A 'Mario Kart' alternative for the Switch 2
Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports
Opinion: How can you tell if something’s been written by ChatGPT? Let’s delve
'Stealing from a thief': How ChatGPT helped Delhi man outsmart scammer, make him 'beg' for forgiveness
A US man was indicted for allegedly cyberstalking women. He says he took advice from ChatGPT.
Apple, Tesla accused of profiting from horrific abuses, environmental destruction
Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery

Others Also Read