Dell shares rise about 11% premarket after forecast for AI server revenue to roughly double

Dell shares rose about 11% in premarket trading on February 27, to $135.17, after the company forecast AI-optimized server revenue of about $50 billion in fiscal 2027, up 103%. The move reflected investors' reaction to the AI server outlook. J.P. Morgan analysts, led by Samik Chatterjee, pointed to Dell's AI compute position with tier 2 cloud and enterprise customers and set a $165 one-year price view.

• Premarket move: up about 11% to $135.17
• FY2027 AI-optimized server revenue forecast: about $50B, up 103%
• J.P. Morgan one-year view: $165 per share