Dell Technologies has emerged as one of the biggest winners of the ongoing artificial intelligence boom after reporting stronger-than-expected earnings and raising its full-year revenue and profit forecasts.

The announcement sent the company’s shares soaring as investors responded positively to growing demand for AI-related servers and data centre equipment.

The company said orders for AI infrastructure continued to accelerate as businesses, governments and cloud providers increased spending on advanced computing systems.

Dell has become a major supplier of servers used to power artificial intelligence applications, benefiting from global efforts to expand AI capabilities across multiple industries.

Executives noted that enterprise customers are investing heavily in data centres capable of supporting machine learning, automation and large-scale data processing.

Demand has been particularly strong from technology companies building AI platforms and cloud computing services for businesses around the world.

The strong results also boosted confidence across the broader technology sector. Investors increasingly view AI infrastructure providers as some of the biggest beneficiaries of the rapid transformation taking place within the digital economy. S

Several other technology companies also recorded gains following Dell’s announcement.

Analysts say Dell’s performance highlights how the AI revolution is extending beyond software companies to include hardware manufacturers, server providers and semiconductor businesses that form the backbone of modern computing systems.

The company is expected to remain a key player as AI investment continues growing worldwide.

Source: Reuters, Fidelity.