Dell's AI business is booming, but shares plunged after it cut its revenue outlook
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Dell's AI business is thriving with a 34% revenue increase in its ISG division, contributing to a total revenue of $24.4 billion for the third quarter, a 10% year-on-year rise. However, Dell's shares fell due to a cut in its revenue outlook.
November 27, 2024 | 12:30 pm
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Dell's shares fell despite a strong performance in its AI business, with a 34% revenue increase in the ISG division, due to a cut in its revenue outlook.
Dell's strong performance in its AI business, with a 34% increase in ISG division revenue, was overshadowed by a cut in its overall revenue outlook, leading to a decline in share price. Investors are likely concerned about future growth prospects despite current successes.
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