Dell Technologies Advances as Artificial Intelligence Momentum Expands

JERA, Dell, and Rhaelm plan a $15B AI data center in Chiba, Japan, with Apollo Global Management financing. The project, powered by JERA's gas plant, aims for 400MW capacity by 2029. Dell will provide its AI platform, and Rhaelm will lead delivery. The partners aim to expand the model across Japan and overseas. Other major investments in Japanese AI data centers include Blackstone's $30B plan and Microsoft's $10B commitment.

Dell Technologies raised its fiscal-2027 AI-server revenue forecast to $74 billion, up from $60 billion. Shares rose 4.4% to $565.50. AI servers now make up 38.5% of its $192 billion annual revenue outlook. The company reported a $95 billion AI-server backlog and $16.4 billion in quarterly AI-server revenue. Dell's valuation is 141.43% above its GF Value estimate.

Dell Technologies (NYSE:DELL) shares rose 4.56% on Friday, driven by strong AI sector momentum and its exposure to AI data-center buildout. Analyst Dan Ives highlighted Dell as a key player in AI infrastructure. The company, along with JERA and RHAELM, announced a $15B+ data center project in Japan, targeting a 2028 start. Dell reported record AI-server orders of $60.9B and $16.4B in revenue for the latest quarter, with a $95B backlog.

Dell Technologies (NYSE:DELL) has joined a $15 billion AI data center project in Japan, partnering with JERA and RHAELM. The initiative aims to ensure reliable electricity supply for AI infrastructure, aligning with Dell's strategy to bundle compute, storage, and power reliability for hyperscale clients. The project is part of Dell's broader effort to address power security for AI server deployments, with a focus on reducing execution friction and maintaining margins.

Japan's JERA, Dell, and RHAELM signed a non-binding agreement to build AI data centers, with a potential $140bn investment. The first project, near Tokyo, will cost over $15bn and start operations around 2028, using power directly from JERA's plant. JERA generates about a third of Japan's electricity and aims to expand AI capacity in the 2030s.

Dell Technologies (DELL) shares fell 0.5% to $535.12 on Oct. 1 as it partnered with JERA and RHAELM to build a $15B AI campus in Japan. Dell will supply its AI Factory platform, with operations expected by 2028. The project's total investment is separate from Dell's potential hardware revenue.