Dell reports strong Q2 earnings, fueled by AI demand, but stock dips on cautious Q3 outlook.

Dell Technologies reported strong Q2 earnings with a 19% revenue increase to $29.8 billion, driven by AI server sales, which rose 69%. Despite raising its annual revenue forecast to $107 billion, Dell's stock fell after it projected lower Q3 earnings of $2.45 per share. The company now expects $20 billion in AI server revenue by fiscal 2026.