Yahoo Sports · Feb 27, 2025
Dell forecasts full-year profit above estimates
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DELL -6.77%
(Reuters) - Dell Technologies forecast annual profit above Wall Street estimates on Thursday, while projecting full-year revenue that was in line with market expectations, in a sign of intense jostling in the AI server market.
The company faces tough competition from rival PC makers such as HP Inc at a time when a sweeping U.S. trade tariff on China could hurt companies by triggering a price increase on tech products.
Research firm International Data Corporation (IDC) on Thursday lowered its traditional PC forecast for 2025 and beyond, driven by U.S. tariffs on China and weakening market sentiment.
Demand for Dell's AI servers has been booming.