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Dell’s AI server results caught my attention because they give us another real world check on whether the massive AI infrastructure buildout is still holding up. We’ve spent a lot of time talking about Nvidia and AI chips, but those GPUs eventually need to go into complete systems. That’s where companies like Dell become interesting. Strong AI server demand tells us that businesses and data centers are still willing to spend heavily to build actual AI capacity. Personally, I think the next question is no longer whether AI servers can sell clearly there’s demand. I’m more interested in margins and profitability. Selling billions of dollars of AI hardware sounds impressive, but if competition and expensive components keep margins tight, revenue growth alone doesn’t tell the whole story. That’s why I see Dell as another useful piece of the AI puzzle. #DellAIServerBeat $BTC