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Dell posted record Q2 results driven by AI-optimized server revenue doubling to $16.4 billion and a massive $95 billion backlog. Raising long-term AI server guidance to $74 billion, the report unders…
Nvidia secured $500 billion in GPU orders through 2026, fueling AI demand despite valuation concerns and China data-center weakness, while price targets rose from Wells Fargo and Morgan Stanley.
Iren bought nearly $670M of GPUs from Nvidia and AMD to expand its AI cloud and bitcoin-mining capacity, boosting its fleet to 23,000 units and aiming for $500M annual AI cloud revenue by Q1 2026.