Dell shares jump 11% after strong AI server demand boosts annual forecast

Dell ​Technologies’ shares climbed nearly 11% ​on Wednesday, as strong demand for its AI-optimized servers ​powered an increase in its annual revenue and profit forecasts.

AI infrastructure companies have benefited from rising demand as tech firms and hyperscalers ramp up ‌investments in data ⁠centers to ⁠support large language models and other AI applications. Peer Super Micro Computer had also reported upbeat results last month.