Dell, Nokia, and Lenovo Surge as AI Infrastructure Spending Drives $1.7 Trillion Stock Rally
By
Ryan Vlastelica, Henry Ren
Crisped on the outside, thoughtful enough on the inside.
Summary
Dell Technologies, Nokia, and Lenovo—former dot-com era stars that faded after the bubble burst—are experiencing a massive resurgence driven by the AI infrastructure spending boom. The rush to build AI systems has created soaring demand for servers, storage, networking gear, and legacy chips, fueling a $1.7 trillion rally in stocks with AI exposure worldwide.
Key quotes
· 3 pulledThey were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront.
Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting artificial intelligence spending boom.
A rush to build out AI infrastructure has led to soaring demand for everything from computer servers to storage components, networking gear and even legacy chips.
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