Today’s Top Stories: AI Stocks Surge as Dell Leads Wall Street to Record Highs

TLDR

• Dell reported $43.8B in quarterly revenue, up 88% year-over-year, with AI server orders hitting $24.4B
• Dell shares jumped over 30%; the Dow crossed 51,000 for the first time ever
• Salesforce and NetApp rallied on strong AI and enterprise software demand
• Hewlett Packard Enterprise and Super Micro Computer also gained on AI infrastructure optimism
• AST SpaceMobile fell sharply after a Blue Origin New Glenn rocket setback

Dell Technologies Stuns Wall Street With AI Earnings Blowout

Dell Technologies delivered one of the most talked-about earnings reports of the year. The company posted quarterly revenue of $43.8 billion, up 88% year-over-year, with adjusted earnings per share of $4.86. AI-optimized server revenue hit $16.1 billion and AI-related orders reached $24.4 billion. Its AI server backlog now stands above $51 billion. Dell raised its fiscal 2027 AI revenue forecast from $50 billion to $60 billion. Shares surged more than 30% on the news, triggering a wave of analyst price target upgrades across Wall Street.

Dow Jones Crosses 51,000 for the First Time in History

Dell’s earnings provided the spark the broader market needed. The Dow Jones Industrial Average crossed 51,000 for the first time ever, while the S&P 500 and Nasdaq also pushed to fresh record highs. Investors continue to treat AI infrastructure spending as a core growth theme, and Dell’s results reinforced that view. The move higher was broad, with multiple technology and hardware names joining the rally as traders looked for more ways to get exposure to the AI investment cycle.

Salesforce Rallies on Strong Enterprise AI Demand

Salesforce had a strong session after its earnings reassured investors about demand for enterprise software and AI-powered business tools. The company has become a closely watched name for investors tracking real-world AI adoption inside large corporations. Its positive outlook helped extend the day’s gains beyond pure hardware plays and into the software space, suggesting the AI trade is broadening across the technology sector.

NetApp and AI Infrastructure Stocks Follow Dell Higher

NetApp was one of the day’s standout performers, with shares surging as investors looked beyond chipmakers for AI infrastructure exposure. The company’s storage and data management products are seen as essential components of AI deployments at scale. Hewlett Packard Enterprise and Super Micro Computer also gained sharply, with traders treating Dell’s results as a positive signal for the entire enterprise AI hardware space.

AST SpaceMobile Falls as Blue Origin Setback Hits Space Sector

AST SpaceMobile was among the biggest decliners after reports surfaced of a setback involving Blue Origin’s New Glenn rocket program. The issue was not directly linked to AST SpaceMobile’s own operations, but it created selling pressure across space and satellite stocks. Space stocks have had a strong run over the past year, but Friday’s session showed the sector remains sensitive to execution risks and negative headlines.

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