Michael Dell says 'at some point there'll be too many' AI data centers, but not yet
1. Dell CEO noted strong demand for computing power amid AI growth. 2. Server networking business grew 58% last year, up 69% last quarter. 3. Long-term revenue growth target raised to 7%-9%, increasing profitability outlook. 4. Dell plans to ship $20 billion worth of AI servers by FY 2026. 5. Shares rose over 3% after positive analyst meeting insights.