US stocks: Dell shares rise 17% to hit three-month high as AI server revenue is forecast to double

Shares of Dell Technologies rose 17.5% on Friday after the company forecast that revenue from its AI server business will double in fiscal 2027, underscoring rising demand for artificial intelligence infrastructure.Investors also cheered the PC maker’s plans for a 20% increase in dividends and an additional $10 billion share buyback program. Dell shares rose to […]

Dell shares rise despite Q3 revenue loss: here’s why

Topline Dell shares rose along with other technology stocks on Wednesday despite third-quarter revenue falling $120 million short of Wall Street’s revenue expectations, though the company was able to salvage the miss with stronger-than-expected earnings per share and a positive AI sales forecast. Dell shares rose nearly 7% on Wednesday. Omar Marques/SOPA Images/LightRocket via Getty […]