Dell Technologies shares rose about 2.5% to $496 Thursday after Lenovo reported record quarterly results that pointed to persistent demand for AI infrastructure, adding to a bullish signal from Super Micro Computer earlier in the week. Lenovo said revenue rose 43% year over year to $26.94 billion, its Infrastructure Solutions Group nearly doubled revenue to a record $8.5 billion, AI-related revenue climbed 60% to $9.3 billion, and its AI server pipeline surged 157% sequentially to $54 billion. Management said the pipeline includes customer engagements, deals and prospective orders that are not yet committed or fully qualified, though conversion rates have historically been fairly consistent. Super Micro's fiscal 2027 revenue forecast of $65 billion to $72 billion, well above the $52.5 billion consensus estimate, reinforced Dell's own $43 billion backlog of AI-optimized server orders and 757% jump in AI server revenue. Lenovo's comments on strong demand for B300 and GB300 systems and early interest in Vera Rubin also underscored the importance of Nvidia-linked capacity. Optimism has spilled into prediction markets, where Polymarket traders gave Nvidia a 73% chance of ending December as the world's largest company by market capitalization, versus Apple at 14% and Alphabet at 12%, on about $5.9 million of volume.