GoKawiilShares of Dell Technologies closed 32.76% higher on Friday, wrapping its best day ever after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018.
The stock narrowly beat its previous record from March 1, 2024, when it popped 31.6%. Shares are now up 234% in 2026.
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.
Ben Reitzes, head of technology research at Melius, said he'd "never seen anything like" Dell's latest quarter.