AI Hardware Demand Surges

This is a news story, published by Yahoo Finance, that relates primarily to AI news.

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AI server market

The Motley Fool

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Technology

Better Artificial Intelligence (AI) Stock: Oracle vs. Dell

Summary

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79% Informative

Market research firm IDC is expecting global AI spending to hit a massive $337 billion this year .

That figure is expected to more than double by 2028 to $749 billion .

The demand for AI servers has shot up remarkably for training and deploying AI models and applications.

Dell Technologies is the largest player in the server market, with an estimated 72% share of the AI server market.

Dell struck a deal with xAI in February for AI servers worth $5 billion , taking its total backlog to $9 billion .

Dell has an additional AI-related catalyst in the form of the market for AI PCs (personal computers) Dell is expecting its revenue to increase by 8% in the current fiscal year .

Oracle has built up a massive revenue pipeline that should translate into years of solid growth.

Dell, on the other hand, may have to wait for its PC business to get back into good shape.

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English

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