Nvidia shares rise after Dell report on demand for AI equipment — MarketWatch
Nvidia shares closed up 3.2% on Wednesday. The boost to the stock price came from Dell Technologies’ earnings report: as MarketWatch reports, analysts believe the server maker’s comments confirmed Nvidia’s assessment of a strong and expanding artificial intelligence market.
Market reaction
MarketWatch’s data on Dell showed its shares rising by 15.81%. The article links investors’ reaction to Nvidia to Dell’s released results and comments. Dell is described in the source as a server maker.
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Demand beyond cloud giants
D.A. Davidson analyst Gil Luria told MarketWatch that Dell’s results are an additional sign of momentum in the enterprise market for AI computing. In his assessment, this demand extends beyond the current market of hyperscale cloud providers. By AI computing, he meant computing capacity.
