Global data center capacity is expected to grow by three and a half times between 2025 and 2030, driven entirely by the rise of AI workloads. AI-related capacity could increase by 124 gigawatts over the next five years, with AI workloads alone requiring 156 gigawatts by 2030, more than four times the 2025 level. Major technology companies are projected to spend between $350 billion and $400 billion this year on capital expenditures, most of it going into building AI data centers.
Dell Technologies (DELL) has placed itself right in the middle of this trend, reporting record second-quarter fiscal 2026 revenue of $29.8 billion. In just the first half of fiscal 2026, the company shipped $10 billion worth of AI solutions, already surpassing what it shipped in the entire previous fiscal year. Dell also raised its long-term revenue growth targets to between 7% and 9% annually while increasing its AI server shipment guidance for fiscal 2026 to $20 billion.
