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Dell revenue surges on AI server demand, shares jump 38 percent

Dell Technologies posted its fastest revenue growth in more than seven years since returning as a listed company, driven by rising AI server sales. In after-hours trading following its earnings release, Dell shares rose 38 percent. First-quarter revenue jumped 88 percent to $43.84 billion and adjusted earnings were $4.86 per share, both beating expectations. AI server revenue surged 757 percent to $16.1 billion, and Dell raised its annual outlook to above $60 billion.