Dell’s latest results show how far the AI infrastructure demand is spreading across the hardware supply chain. AI backlog reached $95B, up 85% quarter over quarter, while revenue came in at $47.0B, up 4.6%. EPS hit $7.04, beating expectations by 43%, and AI servers generated $16.4B in revenue. Traditional server demand also doubled. What stands out to me is that the AI backlog is already booked through next year. The demand is there, but tight chip and memory supply could still determine how quickly Dell converts those orders into actual revenue. For traders watching $DELL on BingX, delivery pace and volume growth are the numbers I’d keep an eye on next. #DELL #AI #BingX