Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Scarlet Fu, Alexandra Semenova, and John Tucker - Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Dell earnings. Dell Technologies shares surged after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work. -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest at Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment. -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, &amp; Airlines Analyst, discusses the latest at SpaceX and Blue Origin. SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company. -Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Bloomberg Intelligence’s Diabetes deep dive. According to BI: Continuous glucose monitors and insulin pumps markets each can generate annual growth rates above double digits through 2030, having emerged as the standard of care. Automated sensing and insulin delivery offer sustainable growth for Dexcom and Abbott Laboratories in CGMs andInsulet, MiniMed, Beta Bionics and Tandem Diabetes Care in pumps. See omnystudio.com/listener for privacy information.

Dell Soars Most in Two Years on Outlook Fueled by AI Servers 

Bloomberg Intelligence

# Full Transcript

**Podcast:** Bloomberg Intelligence

## Participants

- **John Tucker** (Bloomberg Intelligence)
- **Alex Siminova** (Bloomberg Intelligence)
- **Woojin Ho** (Bloomberg Intelligence)
- **Mandeep Singh** (Bloomberg Intelligence)
- **George Ferguson** (Bloomberg Intelligence)
- **Matt Henriksson** (Bloomberg Intelligence)

## Transcript

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Bloomberg Audio Studios. Podcasts. Radio. News. Dell is so much more than just PCs. Woojin Ho is our senior hardware and networking analyst. And Woojin, the story for Dell, the story for investors who want to buy Dell, is all about its AI servers. And on that front, things are looking pretty good. Hey, Scarlet. Yeah, look, things are looking fantastic for the AI servers. They raised their AI server guidance by about 20% from $50 billion for this year to $60 billion, evenly distributed, by the way.

But, you know, there's a broader piece of the story as well. If we look at the guidance, they raised their guidance by about $25 to $27 billion. $10 billion of the increase was AI servers. But everything else, IT, you know, traditional servers, PCs, that's doing a lot better than expected. And I think that's the piece that some people are missing here. Woojin, Dell now sees a $60 billion AI server opportunity. How sustainable is that level of growth?

Look, well, the way I have it modeled right now, you know, prior to results, it was $50 billion and then growing another $25 billion off of that. I mean, 25% off of that $50 billion. So what's happening is that we're seeing these neoclouds as well as some of these sovereigns place multibillion-dollar AI server deals.

And if you...

Dell Soars Most in Two Years on Outlook Fueled by AI Servers

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Dell Soars Most in Two Years on Outlook Fueled by AI Servers

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.