Dell's Record Q1 Earnings Propel AI Infrastructure Rally

Dell Technologies surged 28.54% after reporting record Q1 earnings and raising its FY27 guidance, sparking a rally in AI infrastructure stocks. According to BeInCrypto, Dell's results confirmed the accelerating AI capital expenditure trend, with $24.4 billion in AI orders booked during the quarter. This led to gains for Hewlett Packard Enterprise, Super Micro Computer, Oracle, Microsoft, and Micron Technology. Meanwhile, oil prices retreated as Donald Trump hinted at a potential US-Iran deal, which could reopen the Strait of Hormuz, easing cost pressures across cyclical sectors.