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Chinese server giant Inspur scores record revenue in 1H24 amid AI boom, but gross margin dips to new low

Riding the wave of the booming artificial intelligence (AI) industry, China’s leading server maker, Inspur Electronics Information Industry, reported a record-high revenue of over CNY 42 billion (US$5.89 billion) in the first half of 2024. However, the company’s gross margin fell to its lowest point since going public in 2000.