Dell's AI Surge and Mixed Earnings Drive Stock Higher Amid 45th-Ranked Trading Volume

Dell Technologies (DELL) shares closed up 1.17% on August 28, 2025, with a trading volume of $1.37 billion, ranking 45th in market activity. The stock’s performance followed mixed earnings updates and forward guidance despite robust AI server sales growth.

The company reported fiscal Q2 adjusted earnings of $2.32 per share and revenue of $29.78 billion, surpassing estimates. However, its third-quarter earnings guidance of $2.45 per share fell short of the $2.55 per share expected by analysts. This discrepancy, coupled with a 3% decline in storage revenue to $3.86 billion, contributed to a post-earnings decline in extended trading. Dell attributed the profit concentration in Q4 to seasonal trends, particularly in its storage segment.

AI-driven growth remains a key highlight, with Dell shipping $10 billion in AI servers over the past two quarters. The company plans to double this to $20 billion in fiscal 2026, underscoring its reliance on Nvidia’s chips for AI infrastructure. Meanwhile, its PC business grew 1% year-over-year to $12.5 billion but lags behind the data center segment, which saw 69% annual growth in servers and networking revenue.

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