Dell's Blowout AI Server Quarter Ignites Rally as Wall Street Braces for Critical Nvidia Keynote at COMPUTEX

Dell Technologies (DELL) shares surged 32.76%—their largest single-day gain ever—after reporting fiscal Q1 results that crushed expectations, reigniting the artificial intelligence trade ahead of a pivotal week for the tech sector. The rally sets the stage for Nvidia (NVDA) CEO Jensen Huang’s keynote at the COMPUTEX trade show in Taipei. Dell's AI server revenue skyrocketed 757% to $16.1 billion, driving total quarterly revenue up nearly 88% year-over-year. Adjusted earnings per share reached $4.86, smashing the consensus estimate of $2.94. CNBC’s Jim Cramer called the report a historic turning point, suggesting the company is seizing dominance in the computing sector, while noting AI infrastructure stocks continue to lead the market. Investor focus now shifts to COMPUTEX, where Huang’s speech on Monday is expected to reveal new AI PC strategies, next-generation chip platforms, and data center innovations. Major semiconductor executives from ARM (ARM), Marvell Technology (MRVL), Intel (INTC), and Qualcomm (QCOM) are also scheduled to attend. The AI trade faces additional tests later in the week with earnings reports from Broadcom (AVGO) and CrowdStrike (CRWD), culminating in the crucial U.S. nonfarm payrolls report on Friday, which will guide Federal Reserve policy expectations.