Oct 7 (Reuters) - Dell raised its long-term

revenue and profit growth forecasts on Tuesday, signaling robust

demand for its servers that power artificial intelligence

workloads.

Insatiable demand for computing power needed to train and

run generative AI products such as ChatGPT has driven strong

demand for companies including Dell and Super Micro Computer ( SMCI )

.

Dell now expects compounded annual revenue growth between 7%

and 9%, up from its prior forecast of 3% to 4%.

The company also raised its expectations for annual growth

in adjusted earnings per share to at least 15%, nearly double

its previous target of 8%.

"Customers are hungry for AI and the compute, storage and

networking we provide to deploy intelligence at scale," CEO

Michael Dell said in a statement.