Dell Technologies stock rose 15.8% on Wednesday after the company's Q2 adjusted earnings rose 203% to $7.04 per diluted share from $2.32 from a year earlier, driven by a record $16.4 billion revenue from its AI-optimised server business. The stock is up by over 291% year-to-date.
'There's an old Texas saying I may have just made up... If you keep growing EPS 200%+ y/y something good will happen,' CEO Michael Dell said in an X post.
