Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars

2026-05-29 | original

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Why This Matters

Dell's stock surge highlights the booming demand for AI infrastructure, signaling a significant shift in enterprise technology investments. The rapid revenue growth underscores the increasing reliance on AI servers, which are becoming crucial for data centers and cloud computing. This trend presents both opportunities and challenges for the tech industry as AI-driven hardware becomes a key growth driver.

Key Takeaways

Dell's AI server revenue increased by 757% year-over-year.
The company's quarterly revenue grew nearly 88%, the fastest since 2018.
Dell's stock rose 32%, marking its best day ever, driven by AI demand.

Shares of Dell Technologies skyrocketed 32% on Friday after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018.

The stock is pacing for its best day ever.

Dell, which reported first-quarter earnings after the bell on Thursday, saw a flood of artificial intelligence-related demand for its servers, which contain graphics processing units from companies like Nvidia .

Quarterly revenue soared nearly 88% year over year, with AI server revenue alone increasing 757% from a year earlier to $16.1 billion. Adjusted earnings per share came in at $4.86, beating expectations of $2.94.

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