Dell raises full-year forecasts on AI strength, demand recovery

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Reuters UK

By Zaheer Kachwala (Reuters) – Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company rose 8% in extended trading. The results are the latest sign that a downturn in tech spending could be drawing to a close after major networking equipment provider Cisco also beat quarterly revenue estimates. The company is expected to see a demand boost for its PowerEdge servers and gen…

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