Dell Technologies Inc. (NASDAQ:DELL) stock is trading 4.07% higher during Thursday’s pre-market trading session following Chinese tech peer Lenovo’s robust first-quarter results, boosting sentiment around the AI server space.

Lenovo posted better-than-expected fiscal Q1 results, with revenue jumping 43% year over year to a record $26.94 billion, driven by strong AI demand and PC sales.

Dell’s shares have also been rising since Wednesday, as a stronger-than-expected outlook from Super Micro Computer Inc. (NASDAQ:SMCI) spurred optimism around Dell’s AI infrastructure business. Super Micro Computer forecast fiscal 2027 revenue of $65 billion–$72 billion, well above the $52.5 billion consensus estimate.

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Dell’s AI Server Demand Surges

Dell entered the fiscal year with a $43 billion backlog of AI-optimized server orders, while AI server revenue surged 757% in its latest quarter, highlighting strong demand for AI computing infrastructure.

Benzinga’s Edge Rankings place DELL in the 99th percentile for momentum and the 73rd percentile for growth, reflecting its strong performance in both areas. Benzinga’s screener allows you to compare DELL’s performance with its peers.  

DELL Price Action: On a year-to-date basis, the stock surged 279.11%, as per Benzinga Pro. On Wednesday, DELL ended 9.87% higher at $484.50.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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