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Dell Climbs 4% on AI Server Backlog; Hewlett Packard Enterprise Jumps 8%
Dell Technologies’ shares rose 4% to $566.05 after the company disclosed a record $95 billion artificial‑intelligence server backlog, while Hewlett Packard Enterprise’s stock jumped 8% to $69.54 on similar AI‑driven demand. Dell’s fiscal‑year revenue outlook was lifted to a $192 billion midpoint, citing strong enterprise adoption of AI hardware. Management emphasized that the surge in orders is spreading beyond cloud providers to traditional corporate buyers, creating a broader customer base. However, Dell warned that its ability to fulfill the backlog is [...]