Dell Surges on AI Demand

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.

The surge has boosted the net worth of founder Michael Dell by over $30 billion in a single day.

Some critics have raised concerns about potential conflicts of interest, noting President Trump's recent personal investments in the company.

Despite the scrutiny, investors remain bullish on Dell's role as a primary supplier for the AI era.