AI Boom Fuels Dell and HPE Surge | Durham News

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Oracle’s AI infrastructure surge is fueling a hardware boom, sending Dell and HPE soaring as key beneficiaries. Oracle’s cloud revenue jumped 121% with a $660B backlog, driving 12% stock gains for Dell—now boasting a $95B AI server backlog and expanded forecasts—and pushing HPE to record revenue with strong Cloud & AI growth. Both companies are scaling rapidly, expanding partnerships and AI platforms, but the cost is steep: Oracle’s AI spending is bleeding cash, forcing them to grapple with rising interest rates and debt burdens as they race to build the next generation of AI infrastructure.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.heraldsun.com/news/business/article317235148.html#storylink=partnerdigest_the

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