Dell’s AI servers drive a stellar earnings performance, and a raised outlook

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Dell Technologies posted quarterly results driven by its artificial intelligence server business. In the quarter ending July, the division generated $16.4 billion in revenue, up 100% year over year. The order backlog reached $95 billion, compared with $51.3 billion in the previous quarter. Dell also raised its outlook for the fiscal year. The company’s stock has outperformed several major AI players this year.

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