Dell Shares Surge 30%, Driven by Raised Forecasts and AI Demand

Dell Technologies raised its annual revenue and profit forecasts. Robust demand for high-performance AI servers drove the updated guidance.

Strong orders for servers equipped with NVIDIA GPUs led to a significant increase in the company’s AI backlog.

Dell shares soared more than 30% in pre-market trading on Friday, May 29, 2026.

The outlook confirms a massive capital investment cycle in AI infrastructure by corporations and cloud providers. This trend suggests positive growth for the entire supply chain, including chipmakers and hardware assemblers.