Dell Shares Surge on Strong Server Demand for AI, Revenue Beats Expectations
• Dell shares surged nearly 20% after beating revenue expectations, driven by strong server demand for AI • Revenue hit $22.3B, topping estimates, while net income slightly missed at $1.16B • Infrastructure Solutions Group grew 10% with AI server orders up 40% • Dell raised its dividend by 20% to $1.78 per share, expressing confidence • Partnerships with Nvidia, AMD position Dell to benefit from AI tech advances