Dell Soars on AI Growth

Dell Technologies shares surged nearly 40% after the company reported record-breaking demand for AI servers and secured a $9.7 billion defense contract.

The hardware maker significantly raised its full-year sales outlook, driven by the ongoing artificial intelligence infrastructure boom.

Revenue from AI-optimized servers, powered by Nvidia's advanced chips, soared by over 700% compared to the previous year.

The company's performance has validated the massive investment in AI hardware, positioning Dell as a primary beneficiary of the data center expansion currently sweeping the tech industry.