<div id="readability-page-1"><div><p>Shares of <span id="RegularArticle-QuoteInBody-1">Dell Technologies<span><span id="-WatchlistDropdown"></span></span></span> skyrocketed 32% on Friday after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018.</p><p>The stock is pacing for its best day ever.</p><p>Dell, which reported first-quarter earnings after the bell on Thursday, saw a flood of artificial intelligence-related demand for its servers, which contain graphics processing units from companies like <span id="RegularArticle-QuoteInBody-4">Nvidia<span><span id="-WatchlistDropdown"></span></span></span>. </p><p>Quarterly revenue soared nearly 88% year over year, with AI server revenue alone increasing 757% from a year earlier to $16.1 billion. Adjusted earnings per share came in at $4.86, beating expectations of $2.94.</p></div><div><p>On Friday, analysts reacted to the pleasant surprise from the print. </p><p>Morgan Stanley wrote that while they expected a clean beat and raise this quarter, they're &#34;eating our humble pie&#34; off the back of Dell's results. </p><p>&#34;We got this one wrong, and our model/PT are under review,&#34; the analysts wrote. &#34;This was - across the board - one of the most impressive quarters we've seen in our time covering Hardware, especially in the context of what is happening across the component universe.&#34;</p><p><em>CNBC's Jordan Novet contributed to this report.</em></p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

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<p>Dell stock surged 32%, aiming for its best day ever, after reporting Q1 revenue growth of nearly 88% year-over-year, the fastest since returning to public markets in 2018. AI server revenue skyrocketed 757% to $16.1 billion, driven by strong demand for Nvidia-based servers. Adjusted EPS beat expectations at $4.86 vs $2.94. Analysts praised the results as impressive, with Morgan Stanley revising models downward due to underestimating the surge.</p>

- Dell Technologies shares surged 32% after reporting its fastest revenue growth since 2018, driven by a 757% increase in AI server revenue.  
- Quarterly revenue rose nearly 88% year over year, with adjusted earnings per share at $4.86, exceeding expectations of $2.94.  
- Analysts, including those from Morgan Stanley, expressed surprise at the results, noting it as one of the most impressive quarters in hardware coverage.

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Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars