Dell Reports 88% Revenue Increase, AI Server Sales Rise 757%

Dell Technologies reported first-quarter revenue that rose nearly 88% from a year earlier, the fastest pace of growth since the company returned to public markets in 2018. 1 billion, an increase of 757% from the same quarter last year. The company attributed the gain to demand for servers containing graphics processing units.

94. The results were released after market close on Thursday.

Dell rose 32% on Friday and were on pace for the largest single-day gain in the company's history as a public company. Morgan Stanley analysts stated they had expected a smaller beat and wrote that their price target and model are now under review.