Dell Stock Surges On Record Orders For AI Servers

Dell reported record fiscal Q2 results as AI server demand surged, booking $60.9 billion in AI server orders and ending the quarter with a $95 billion backlog. From a report: The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share. "With AI momentum accelerating and our opportunity expanding across the portfolio, we're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year," said Jeff Clarke, CEO of Dell Technologies, in the company's earnings release. Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally...

Read the full article at the source.