Dell says AI server demand is accelerating as backlog hits $95 billion

Dell reported strong earnings driven by accelerating demand for AI servers, with backlog reaching $95B, and raised its outlook. The results reinforce evidence that enterprise AI infrastructure spending remains resilient, supporting the broader AI hardware supply chain and related equities. Near term, the upgraded guidance can lift sentiment toward AI-capex beneficiaries while increasing attention on delivery capacity and margin execution amid rapid order growth.