Dell Technologies Inc. gave a profit outlook for the year that exceeded estimates and said it had seen a significant increase in orders for servers to run AI networks.

The maker of computers and software on Thursday said it now expects adjusted earnings per share of $9.40, up from its previous outlook for $9.30.

Dell Technologies reported fiscal first-quarter earnings that missed expectations, but offered a stronger-than-expected forecast for the current quarter.

Dell raised its profit forecast thanks to strong AI server demand. The company made $12.1 billion in AI server orders last quarter. Dell partnered with Nvidia to build a supercomputer for the U.S.

which was a 10 cent increase from the company's prior outlook. Dell is one of Nvidia's primary vendors that builds systems around the chipmaker's AI graphics processing units. Dell said on ...