Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 15%

Dell Technologies Inc. has seen the future of computing, and it increasingly is AI instead of PC. Dell’s stock DELL, +1.51%jumped 15% in extended trading Thursday after the company put up quarterly results that eclipsed Wall Street’s expectations. It also announced a 20% increase in its annual cash dividend, to $1.78 per shareThe personal-computer company, fueled by a surge in demand for AI servers, reported fiscal fourth-quarter net income of $1.16 billion, or $1.59 a share, compare