Goldman Sachs Sharply Raises AI Server Forecast, Sees Dell as Biggest Winner

Generative AI is prompting cloud providers and enterprises to accelerate the buildout of computing capacity, making AI servers a core component of data-center spending. Goldman Sachs expects market growth to accelerate significantly from 2026 to 2030. Dell's server supply chain and enterprise customer base position it as a major beneficiary of rising demand.

Goldman Sachs has sharply raised its latest forecast for the global AI server market from 2026 to 2030, putting the cumulative total at $1.24 trillion. Dell has posted strong AI server revenue and market-share performance, supported by robust orders from emerging cloud service providers and enterprises. Goldman Sachs views Dell as the biggest winner from the scale of the market forecast upgrade.