For illustration purposes only. Photo by Cookie Cutter on Pexels <\/p>\n
$43.8B Record Revenue <\/p>\n
For its part, Dell Technologies (NYSE:DELL) in May this year posted an 88 percent jump in revenues to $43.8 billion for the first quarter of the fiscal period ending May 28. <\/p>\n
AI orders alone stood at $24.4 billion, while revenues from the said segment ended at $16.1 billion. <\/p>\n
“We’re increasing our AI server revenue expectations for FY27 to $60 billion, which only goes to show the AI opportunity shows no signs of slowing,” it said earlier. <\/p>\n
Dell Technologies (NYSE:DELL) is a long-standing partner of Nvidia Corp., with already more than 25 years of joint innovation. <\/p>\n
AI-related collaboration began in 2023 with the launch of a wave of Dell PowerEdge Systems which can draw from NVIDIA’s full AI stack\u2014including GPUs, DPUs and the NVIDIA AI Enterprise software suite. <\/p>\n
In May 2023, the two firms introduced what they called the Project Helix, a joint solution to make it easier for businesses to build and use generative AI models on premises to quickly and securely deliver better customer service, market intelligence, enterprise search, and a range of other capabilities. <\/p>\n
In 2024, they collaborated for the launch of Dell AI Factory with Nvidia\u2014an end-to-end enterprise AI platform combining Dell infrastructure with NVIDIA’s accelerated computing and software. <\/p>\n
This year, the two firms deepened with Blackwell-based AI servers, AI networking, and expanded AI Factory offerings aimed at enterprise customers and hyperscalers. <\/p>\n
Upcoming Dividends <\/p>\n
In other news, Dell Technologies (NYSE:DELL) announced the distribution of $0.63 in quarterly cash dividend on July 31, payable to all its shareholders on record as of July 21. <\/p>\n
88% Q2 Growth Outlook <\/p>\n
For the second quarter, Dell Technologies (NYSE:DELL) is targeting to rake in $43.8 billion in revenues, or an implied growth of 88 percent year-on-year. <\/p>\n
“We’re increasing our AI server revenue expectations for FY27 to $60 billion, which only goes to show the AI opportunity shows no signs of slowing,” said Vice Chairman and Chief Operating Officer Jeff Clarke said. <\/p>\n
Institutional Participation Improves <\/p>\n
Institutional investors appeared to be bullish about Dell Technologies (NYSE:DELL), with more hedge funds holding a stake in the firm as of the first quarter of the year. <\/p>\n
According to data from Insider Monkey, 72 hedge funds held positions in the firm, up from 65 in the quarter previously. <\/p>\n
More importantly, the value of their holdings jumped by 28.6 percent to $1.669 billion from $1.298 billion year-on-year, signaling that investors are ramping up their exposure in the company to ride the rapidly booming AI. <\/p>\n
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