Dell shares surge after AI server forecast points to $50 billion haul in fiscal 2027
Dell shares surged 17.5% Friday after the company projected its AI server revenue would double to about $50 billion in fiscal 2027. Dell forecast total revenue of $138–$142 billion for the year and raised its dividend and buyback plan. Fourth-quarter revenue reached a record $33.4 billion. Higher memory-chip costs remain a key risk for margins and PC demand.