The surge provides further evidence that rising AI adoption is driving gains across enterprise technology vendors, and adds to the frenzy on Wall Street following Nvidia’s stunning rally.
Dell Technologies shares surged 25% to hit a record high on Friday, following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the AI boom. The stock climbed to $118.8, and was set to add $17.7 billion to the company’s market value and on track to register its best intra-day performance. The surge provides further evidence that rising AI adoption is driving gains across enterprise technology vendors, and adds to the frenzy on Wall Street following Nvidia’s stunning rally. «We have positioned ourselves well in AI,» COO said on Thursday, noting that more customers were demanding PCs and servers with AI capabilities.
