Dell Technologies increased its fiscal 2027 revenue forecast after reporting record second-quarter earnings, fueled by a massive surge in demand for AI-optimized servers.
The company's stock rose 9% following the announcement, as it reported a 22% increase in enterprise server sales compared to the same quarter last year.
Dell plans to accelerate its R&D spending by $1.2 billion over the next six months to maintain its competitive edge against rivals in the high-performance computing market.