tech
Dell stock skyrockets 32% for its best day ever as AI server revenue soars
Dell reported its fastest pace of revenue growth since returning to the public market in 2018, with AI server revenue soaring 757% over last year.
TL;DR
- Dell Technologies stock surged 32.76%, marking its best-ever trading day.
- The company reported its fastest revenue growth pace since going public in 2018.
- AI server revenue saw a 757% increase year-over-year, totaling $16.1 billion.
- Quarterly revenue grew by nearly 88% year-over-year.
- Adjusted earnings per share of $4.86 beat expectations of $2.94.
- Analysts expressed surprise at the company's strong execution and results.
- Dell secured a $9.7 billion Pentagon contract for software for the U.S. military.