Dell Earnings Top Expectations as AI-Driven Demand Grows

Dell (DELL) reported fiscal fourth-quarter earnings that exceeded analysts’ expectations, as the PC and server maker benefitted from growing demand for artificial intelligence infrastructure.

Dell posted adjusted earnings of $1.91 billion, or a record $2.68 per share, up from $1.66 billion, or $2.27 per share, a year earlier and beating expectations. Its revenue of $23.9 billion was up 7% year-over-year but slightly missed the analyst consensus from Visible Alpha. The growth came as…