Dell Technologies (NYSE: DELL) witnessed a significant surge in its stock price, climbing over 8% following a dramatic upward revision of its long-term financial forecast. The catalyst for this optimistic shift is a massive wave of enterprise demand for artificial intelligence infrastructure, positioning the legacy computer hardware giant at the forefront of the AI revolution. This powerful market response underscores a growing investor belief that Dell has successfully pivoted to capture a substantial share of the burgeoning AI data center market.

In a striking demonstration of confidence, Dell more than doubled its projected annual revenue growth, now forecasting a range of 7% to 9%, a significant leap from its previous outlook of just 3% to 4%.

The upgrade was even more pronounced in its profitability guidance, with the company nearly doubling its long-term target for non-GAAP diluted earnings per share growth to “15% or better.” This robust financial picture is directly attributed to what Chairman and CEO Michael Dell described as customers’ “hunger” for the company’s comprehensive suite of AI-optimized servers, storage, and networking solutions.

Further solidifying its commitment to shareholder returns, Dell announced a strategic extension of its dividend growth policy, pledging to increase its quarterly dividend by 10% or more annually through fiscal year 2030.

This move signals a strong and predictable cash flow outlook driven by high-margin AI product sales. The bullish sentiment was immediately echoed by Wall Street, with prominent analysts from institutions including JPMorgan and Citi raising their price targets on the stock, reflecting a broader consensus on Dell’s strengthened competitive position and growth trajectory in the AI era.