Dell Technologies rose 38% in New York premarket trading on May 29, 2026, after the company reported quarterly results that exceeded analyst expectations and issued a sharply higher annual forecast, according to a company statement. The surge reflected strong demand for artificial intelligence servers, which continued to reshape the hardware sector and reinforced Dell’s position as a direct beneficiary of the AI infrastructure buildout, with hyperscaler capital expenditure accelerating toward an estimated $800 billion this year, according to a report by ZeroHedge. [1]
Chairman and CEO Michael Dell highlighted the company’s partnership with Nvidia to build an AI factory for xAI, Elon Musk’s artificial intelligence venture, as reported on social media. [1] The results come amid a broader technology industry shift in which companies are pouring hundreds of billions of dollars into AI hardware while simultaneously cutting jobs in other areas, as documented in multiple industry reports. [2] [3]
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