Dell, HPE Named Top AI Server Plays As Analyst Cites $14 Billion Backlog

BofA Securities analyst Wamsi Mohan observed that from 2006 to 2024, server market revenues grew at a 9% compound annual rate, while unit volumes rose by 4% annually. Looking ahead, he expects artificial intelligence to drive most of the revenue growth in the server market over the next six years.Mohan projected server market revenues to grow at a 25% annual rate between 2024 and 2030, with unit shipments increasing at a 7% annual pace.Also Read: Dell, Hewlett-Packard, Super Micro Set To Benefit From Nvidia ...