Dell Shields Business from AI Bust With Just in Time Model

Dell Technologies is fulfilling a $95 billion backlog of AI servers through a customer-funded delivery system using just-in-time manufacturing and a negative cash conversion cycle to limit inventory exposure, serving over 6,500 AI customers with a projected 70% increase in fiscal-year revenue. CEO Michael Dell warned that memory chip shortages, particularly DRAM supply constraints, will intensify next year, with new fabrication plants unlikely to provide meaningful relief until 2029 or 2030.