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Dell shares jump 40% after Pentagon deal, strong AI server demand
short by Mansi Agarwal / on Friday, 29 May, 2026
Dell Technologies shares jumped around 40% in pre-market trading on Friday after the company signed a $9.7 billion deal with the US Department of War. Strong demand for its NVIDIA-powered AI servers, which prompted higher annual revenue and profit forecasts, also boosted the stock. If the gains hold, Dell could add over $81 billion to its market capitalisation.
read more at Reuters