Dell Technologies CEO Michael Dell dismissed AI bubble concerns, pointing to a shortage of computing capacity and rising rental prices for Nvidia’s H100 chips as signs of sustained demand. He said the company does not accept every order and prioritizes customers likely to deploy systems, and expects the supply gap could widen next year, as new chip fabrication plants take about four years to build and new capacity is not expected until 2029 or 2030. Dell said growing scrutiny of data centers’ energy and water use has not materially changed the company’s 2027 outlook, and called for safeguards, permission limits and human oversight for AI models and agents. He also warned that halting AI development would hurt the U.S. economy and benefit competing countries. DELL shares fell over 1% in midday trading on Tuesday, though they have gained nearly 350% this year.
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.5T |
| Close on 10/12/2026 | 226.32 |
| Change that session | -1.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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