Shares of Dell Technologies surged 32.76% on Friday, marking its best trading day ever after reporting its fastest revenue growth since going public in 2018.
The stock narrowly surpassed its previous record set on March 1, 2024, when it rose 31.6%. Year to date, Dell’s shares are up 234% in 2026.
The company’s first quarter earnings, released after the market closed on Thursday, reflected a surge in demand for AI related servers featuring graphics processing units from Nvidia and other vendors.
Revenue for the quarter soared nearly 88% year over year, with AI server revenue skyrocketing 757% to $16.1 billion. Adjusted earnings per share reached $4.86, well above the expected $2.94.
Ben Reitzes, head of technology research at Melius, remarked that he has “never seen anything like” Dell’s latest quarterly performance.
Source (CNBC)
