Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAbdul RahmanWed, August 5, 2026 at 10:22 AM GMT+2 6 min readSoaring AI infrastructure demand is fueling a major backlog buildup, with billions of dollars of orders accumulating across AI servers, data-center equipment, networking and power infrastructure.The AI infrastructure boom is creating a powerful second-order opportunity for companies supplying the servers, racks, cooling systems, power equipment and grid infrastructure required to build AI data centers. Likewise, the billions of dollars in backlog orders are spreading beyond Nvidia Corporation (NASDAQ:NVDA) and other semiconductor companies. Dell Technologies Inc. (NYSE:DELL), Hewlett Packard Enterprise Company (NYSE:HPE), Super Micro Computer Inc. (NASDAQ:SMCI) , and GE Vernova (NYSE:GEV) are some of the companies riding the AI demand wave.Soaring AI Infrastructure BacklogDell Technologies Inc. (NYSE:DELL) is benefiting directly from surging demand for AI-optimized servers. The company raised its fiscal 2027 outlook in May as data-center customers accelerated AI infrastructure spending. Early in the year, the company raised its AI server forecast, stating that its revenue from the AI server business will increase in fiscal 2027 to about $60 billion.AI Infrastructure Backlog: How Dell, HPE, SMCI, and GE Vernova Are PositionedThe revenue would be much larger than the company's PC business, suggesting the company is transitioning from being primarily associated with PCs and conventional enterprise hardware toward being a major AI infrastructure supplier.Hewlett Packard Enterprise Company (NYSE:HPE) isn't just selling AI servers. Its Networking business is benefiting from the enormous networking requirements associated with AI data centers. The company reported $1.8 billion of new AI systems orders in Q2 FY2026, taking cumulative AI systems bookings to $16.4 billion. AI systems backlog reached $5.9 billion, while total AI backlog, including Networks for AI, exceeded $6.3 billion.Super Micro Computer Inc. (NASDAQ:SMCI) has also entered a major AI infrastructure demand cycle, with its order book accelerating sharply in 2026. In June, Supermicro disclosed approximately $39 billion of orders from more than 20 customers for advanced AI servers. By July, the company said total new orders received during fiscal Q4 had exceeded $60 billion, pushing backlog to a record level.GE Vernova (NYSE:GEV) total backlog reached $176 billion in Q2, but the more relevant AI indicator is its Electrification business, where data-center orders exceeded $5 billion year to date—already more than twice the company's total data-center orders for 2025. Meanwhile, gas-power equipment backlog and slot reservations reached 116 GW, with GE Vernova expecting at least 125 GW under contract by year-end.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info