Dell Technologies reported better-than-expected third quarter results and strong demand for its AI servers, but weak consumer PC sales.
Dell Technologies launched new systems powered by AMD's next-generation EPYC server processors and PowerEdge XC9680 system powered by AMD Instinct MI300 and 300x AI accelerators. Dell is also surrounding those AMD powered AI systems with services and the chipmaker's software stack.
Personal computers powered by artificial intelligence haven't surged ahead just yet, but demand appears to be strong enough to spur an upgrade cycle. That's a key takeaway from earnings results from Best Buy, Dell and Hewlett-Packard.
Dell Technologies saw a second quarter boom in its infrastructure solutions group (ISG) revenue due to strong server and networking demand. Dell shipped $3.1 billion in AI servers in the second quarter.
Dell Technologies and Supermicro are building an AI factory with Nvidia for Elon Musk's xAI.
Dell Technology reported better-than-expected first quarter results and said it saw strong demand across traditional and AI optimized servers.
Dell Technologies is going all-in on AI factories and enabling generative AI workloads powered by a wide range of third parties as well as Nvidia-flavored efforts.
Dell Technologies said it will support Retrieval-Augmented Generation (RAG) with Nvidia systems as it rolled out a set of Dell PowerEdge servers with HGX H200, HGX B100, HGX B200 and GB200 SuperChip.
New Chips, New Business Models Ahead In Accelerated Computing
Nvidia stock is up 267% YoY. With over 10,000 people in physical attendance and up to 100,000 people virtually attending, this could be the largest AI conference. All eyes on the next wave for AI with CEO Jensen Huang ready to keynote at 1:00 pm PT at the SAP Center in San Jose. The key things to look for in the keynote:
"We are also seeing strong interest and orders for AI optimized servers equipped with the next generation of AI GPUs, including the H200 and MI300X," said COO Jeff Clarke, referring to Nvidia and AMD GPUs, respectively.
Dell Technologies became a key distributor of VMware via converged infrastructure including VxRail, VMware Cloud Foundation on VxRail and vSAN Ready Nodes.
"AI initiatives are being driven at the CEO and board levels. And as a result, we are at the front of a significant TAM expansion," said Dell Technologies COO Jeff Clarke.
