Dell's AI business is booming, but shares plunged after it cut its revenue outlook

Advertisement Dell reported $24.4 billion in revenue for its third quarter — a 10% year-on-year increase.Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations.But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading.Dell reported third-quarter earnings on Tuesday that showed promising growth for its AI business, but forecast lower overall revenues than expected for the end of the year.The company's third-quarter revenue rose 10% yea ...