Dell’s shares surged 32% on Friday following the release of its fastest revenue growth in any period since the company went public in 2018.
The stock is on track for its strongest single‑day gain on record.
Dell released first‑quarter earnings after market close on Thursday, noting robust AI‑driven demand for its servers that incorporate graphics processing units from firms such as Nvidia.
Quarterly revenue jumped nearly 88% year‑over‑year, with AI‑related server sales climbing 757% to $16.1 billion. Adjusted earnings per share rose to $4.86, surpassing the $2.94 consensus estimate.
Analysts responded favorably to the unexpected results.
Morgan Stanley admitted it underestimated the magnitude of Dell’s performance, noting, “We got this one wrong, and our model/PT are under review.” The firm described the quarter as “one of the most impressive hardware periods we have witnessed,” underscoring the broader dynamics shaping the component market.
CNBC’s Jordan Novet contributed to this report.
Dell year-to-date stock chart.
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