Dell shares surged after the company posted an AI-driven earnings beat and raised its full-year revenue outlook to $165 billion to $169 billion. First-quarter revenue rose 88% year over year to $43.84 billion, while previously disclosed first-quarter profit was $3.44 billion, or $5.24 per share, with adjusted earnings per share of $4.86. Dell also increased its fiscal 2027 AI server revenue outlook to about $60 billion and said a Dell unit won a five-year $9.7 billion U.S. Defense Department contract. UBS later raised its price target on Dell to $440 from $243. Market reaction was sharply positive, with one report saying the stock rose about 39% after hours, while Bitget data showed a 37.13% premarket gain to $434.76 on May 29, with another report describing the move as nearly 40%. The results underscored strong demand for AI infrastructure while also pointing to broader technology supply chain pressure.