Dell's AI Surge Boosts Stock, Revenue Forecasts

Dell Technologies stock surged this week, driven by a significant increase in AI-driven demand, making it a top performer in the S&P 500. The company reported record AI server orders totaling $12.3 billion and $30 billion in orders so far this year. Dell raised its full-year revenue forecast to between $111.2 billion and $112.2 billion, and adjusted earnings per share outlook to $9.92, surpassing analysts expectations. This positive news indicates renewed confidence in the AI market and Dells strong position in the AI boom.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.