Forget Hyperscalers: Why Dell's AI Server Business Just Keeps Growing

On Nov. 3, IREN electrified the investment community by announcing a $9.7 billion deal to provide added cloud capacity to hyperscaler Microsoft. But several investors failed to read past the headline.Microsoft has a cloud-computing business called Azure, and it needs graphics processing units (GPUs) to handle increased workloads from artificial intelligence (AI). And under its agreement with IREN, Microsoft will use its AI cloud services.As big as this deal could be for IREN, which is based in Australia, it's also a big deal for Dell Technologies (NYSE: DELL). The press release stated that IREN will buy $5.8 billion of Dell's equipment to support its services to Microsoft.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool