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Shares of Dell Technologies (DELL) are still falling Friday despite surpassing top and bottom line expectations in its first quarter results. Dell Infrastructure Solutions Group President Arthur Lewis joins Market Domination to discuss the margin pressure weighing on the stock.
Lewis highlights the "significant momentum" in the company's AI infrastructure business, noting that the company is on a continued growth trajectory. Dell anticipates growth in its server business for multiple quarters to come.
Regarding the weak guidance outlook, Lewis explains, "While we have a significant backlog, a lot of demand is project-based and is also based on ... suppliers' ability to deliver." He adds, "It's really non-linear demand that might be a little difficult to forecast."
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This post was written by Angel Smith