May 30 (Reuters) - Dell Technologies ( DELL ) beat Wall

Street estimates for first-quarter revenue on Thursday, ending a

streak of six-quarters of decline, helped by growing demand for

its AI-powered servers.

A surge in demand for high-performance computing and

large-scale data centers to support growing adoption of

generative AI has spurred investments in AI-capable products,

triggering demand for servers offered by companies such as Dell.

The results come days after Dell unveiled a range of

AI-enabled PCs powered by Qualcomm ( QCOM ) processors and said

that a new server, which supports Nvidia's ( NVDA ) latest

chips, will be available from the second half of 2024.

Spending on AI servers is expected to surpass $33 billion in

2024, according to research firm International Data Corporation.

The availability of AI PCs is expected to boost demand for

PC makers, helping the market rebound from a lull in orders

after the pandemic-driven buying spree.

Peer HP Inc ( HPQ ) beat estimates for second-quarter

revenue on Wednesday, signaling a recovery in the PC market.

Dell's revenue for the first quarter ended May 3 rose about

6% to $22.24 billion, beating analysts' average estimate of

$21.64 billion, according to LSEG data.

The company's revenue for infrastructure solutions group -

which includes its storage, software and server offerings - rose

22% to $9.23 billion, while that of the client solutions group -

home to PCs, was flat at $11.97 billion.