2024-03-05 04:05:00 ET
You don't have to read tea leaves to try to learn about companies' prospects. However, it's not a bad idea to read the transcripts from other companies that operate in the same industry. Sometimes, executives from a competitor, customer, or vendor share things in quarterly updates that provide insight you can't get anywhere else.
Dell Technologies (NYSE: DELL) just might have done just that last week. On Feb. 29, the technology company held its quarterly conference call to discuss its fourth-quarter results. During that call, Dell gave Nvidia (NASDAQ: NVDA) and Advanced Micro Computers (NASDAQ: AMD) investors something to cheer. And it perhaps gave Amazon (NASDAQ: AMZN) , Microsoft (NASDAQ: MSFT) , and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) investors something to fear.
Like many companies, Dell is enjoying strong tailwinds from the adoption of artificial intelligence (AI) . COO Jeff Clark said in the Q4 conference call that his company saw robust demand for its AI-optimized servers. Clark added that Dell's flagship PowerEdge XE9680 is "the fastest-ramping solution in company history." Overall, orders in Q4 for the company's AI-optimized servers soared by nearly 40% from the previous quarter.
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Dell Just Gave Nvidia and AMD Investors Something to Cheer -- and Amazon, Microsoft, and Google Investors Something to Perhaps Fear