Dell raises financial forecast due to increased AI data center demand; stock jumps 39% after hours

Dell Technologies raised its annual revenue and profit forecasts on the 28th, as customers expand data center construction, driving demand for AI-optimized servers equipped with NVIDIA's advanced chips. Following the announcement, Dell's stock jumped approximately 39% in after-hours trading. Dell now expects AI server revenue to reach approximately $60 billion by fiscal year 2027, up from its previous forecast of $50 billion. First-quarter revenue grew 88% to $43.84 billion, significantly exceeding market expectations. By leveraging its supply chain strengths, Dell has become one of the biggest winners in the generative AI boom.