Dell soars 30% on AI progress, reaching all-time stock high.


Key Points:

  • Dell stock surged 30% to hit an all-time high after strong earnings report
  • Investors celebrate AI-related business updates across earnings releases

Dell Technologies stock hit an all-time high on Friday, surging roughly 30% after its Thursday earnings beat. Shares changed hands at about $123 before trading closed for the week, and investors celebrated the company’s AI-fueled business developments and ramp-up in demand. The stock has climbed 64% year-to-date. For the quarter ending February 2, the company posted $23.32 billion in revenue, which was a decline of 11% but still above the expected $22.15 billion. It reported adjusted earnings per share of $2.20, beating consensus forecasts for $1.72. Executives at Dell pointed to artificial intelligence as a key driver for the last quarter and expect the technology to fuel a strong year ahead.