Dell Technologies surpassed analysts' earnings estimates, reporting $22.30B in revenue and $2.20 in earnings per share, against the expected $22.16B and $1.73 respectively. This performance was attributed to a surge in demand for AI servers, with Dell's AI-optimized server orders increasing nearly 40% sequentially and its backlog nearly doubling to $2.9 billion. The company's stock soared up to 20% in after-hours trading, reaching $110, with an 18% increase noted. Additionally, Dell announced a dividend increase to $1.78. In contrast, Hewlett Packard Enterprise (HPE) is projected to report a decline in its quarterly performance, with analysts estimating $7.12B in revenue and $0.45 in earnings per share, marking decreases from the previous year. Dell's success was highlighted as part of a broader trend of corporations updating their IT infrastructure to leverage AI technology, with Dell's diversified portfolio positioning it to benefit from this AI tailwind.