Dell’s AI Revenue Projected to Double Amid Surging Server Demand
Bank of America forecasts Dell Technologies' AI-related revenue could double in coming years, driven by accelerating demand for its AI servers and infrastructure. Analyst Wamsi Mohan maintains a Buy rating with a $160 price target, implying 27% upside from current levels.
The bullish outlook follows Dell's raised guidance for AI server sales to $25 billion this year, up from $20 billion previously. Shares ROSE 7% post-earnings as the company highlighted strengthening data center demand despite mixed quarterly results.