How did Dell perform in Q4 2024?

The company reported fourth-quarter revenue for the 2024 fiscal year of $22.3 billion, down 11% from a year ago but above analyst estimates and the previous quarter. Dell's Infrastructure Solutions Group grew 10% from the previous quarter as AI-optimized server orders jumped nearly 40%.

What's going on with Dell AI-optimized servers?

"Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion," Dell CEO Jeff Clarke said.

Will Dell benefit from AI-capable PCs?

Dell could see significant gains as AI tech advances through its ongoing partnerships with AI leaders including Nvidia and AMD ( AMD ), with analysts indicating Dell could benefit from an accelerated upgrade cycle driven by AI-capable PCs.