Dell beats fourth-quarter revenue estimates signaling PC market recovery

The PC market is showing signs of green shoots following a slowdown in revenue that began in 2022 from the peaks touched during the pandemic, as the boom in work-from-home demand for PCs and electronics faded. Dell is also a beneficiary of rising demand for its AI-servers that are equipped with chip designer Nvidia’s graphics processing units (GPUs), which helps in meeting the demands of high-performance computing. “Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion,” Chief Operating Officer Jeff Clarke said in a statement.