Dell shares rise 33% on AI server demand (opens in new tab)
Dell Technologies shares rose 32.76% on Friday after the company reported first-quarter revenue of $43.84 billion and adjusted earnings of $4.86 a share, above analyst expectations of about $35.43 billion in revenue and $2.94 to $2.99 a share. CNBC said the one-day gain was Dell’s best ever, while Business Insider said the report was the company’s strongest since it returned to public markets in 2018. Dell raised its annual revenue forecast to $165 billion to $169 billion from $138 billion to...
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