Dell Technologies(US:DELL) Huan Qiu Wang Zi Xun·2025-10-09 05:41Core Insights - The CEO of Dell Technologies, Michael Dell, expressed that while there is a strong demand for computing power in AI data centers, the construction of these facilities will eventually reach a limit, although no signs of overcapacity are currently visible [1][4] - AI-related business is becoming a significant growth driver for Dell, with server networking revenue increasing by 58% last year and further accelerating to 69% in the last quarter [1][4] Market Performance - Dell raised its long-term revenue and profit forecasts, increasing the annual revenue growth expectation from 3%-4% to 7%-9%, and adjusted the diluted earnings per share expectation from $8 to $15 [4] - The company plans to achieve $20 billion in AI server shipments by fiscal year 2026, which would be double the volume from the previous year [4] Energy Supply Challenges - Energy supply issues are emerging as a significant constraint for the industry, with clients like OpenAI indicating that energy availability is a limiting factor for their operations [4][5] - The U.S. Energy Information Administration projects an addition of 63 gigawatts of electricity to the national grid by 2025, with OpenAI and NVIDIA's planned 10-gigawatt data center expected to consume about 16% of this new energy supply [5]