Market
Dell rallies about 40% on strong Nvidiaāpowered AI server demand
Yahoo2026.05.29
Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered āAI servers prompted the company to raise its annual revenue āand profit forecasts. Dell has benefited significantly from data center investments by Alphabet and Amazon, as well as price increases and improved supply chain management. On Thursday, Dell āraised its annual revenue forecast ā to $165 billion to $169 billion from $138 billion to $142 billion, and said it now expects AI server revenue of about $60 ā billion in fiscal 2027, up from $50 billion.
