Dell Technologies reported AI-optimized server revenue of $16.1B (+757% YoY) with total revenue of $43.84B (+88% YoY, the company's fastest growth in eight years), a $51.3B AI-server backlog, raised full-year guidance, and an expectation of $60B in AI-server sales for fiscal 2027. The stock surged roughly 30-40% across the Friday May 29 session - the strongest third-party confirmation of sustained hyperscaler AI capex in the cycle, since Dell's AI-server revenue IS the hyperscalers' and enterprises' capex showing up as someone else's sales. Reporting-period typing omitted - the finance schema has no q1-2027 period individual and Dell has no sec.<ticker> instance in the securities baseline.