Dell, the top artificial intelligence (AI) server provider, saw its orders for AI-specialized servers in the first quarter of this year surge more than sevenfold compared to the previous quarter. Add us as a Google Preferred Source to see more of our articles in your search results. The Dell corporate logo in Bracknell, England, on Jan. This. Dell Technologies (DELL) stock rallied on November 26 after reporting Q3 earnings that beat expectations and issued significantly raised guidance driven by explosive AI server demand. The company posted adjusted EPS of $2. 0B. A severe server DRAM shortage, fueled by the AI arms race, has led to 50% price hikes and left hyperscalers with only 70% of their orders fulfilled, with ripple effects hitting consumer PC prices. The expansion in production by TSMC, SK Hynix, Samsung, and Micron has alleviated shortages in the second quarter.
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