Dell indicated the AI market was a “robust opportunity,” despite the company’s COO warning its AI business would “not be linear.”

(Reuters) -Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell tumbled 11%,

Dell Technologies forecasted lower-than-expected fourth-quarter revenue and earnings, sending shares down 10% in after-hours trading. The company projected revenue below Wall Street estimates despite upbeat comments on AI sales growth.

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