Dell Stock Jumps to Record High With Revenue Beat Driven by AI Momentum

Key TakeawaysDell shares surged after the company posted fourth-quarter revenue for the 2024 fiscal year that beat estimates, driven by gains in its server segment as artificial intelligence (AI) demand booms.The company's fourth-quarter revenue at $22.3 billion beat analyst estimates, while net income at $1.16 billion was slightly below estimates compiled by Visible Alpha.Dell's Infrastructure Solutions Group grew 10% from the previous quarter as AI-optimized server orders jumped nearly 40%.Analysts have s ...