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Dell Technologies stock reached a new all-time high, extending a rally attributed to strong demand tied to AI-related infrastructure and server sales. The move adds Dell to a growing list of hardware companies benefiting from continued AI buildout spending, with the rally reflecting broader investor enthusiasm for AI infrastructure providers. Dell has now raised its AI server revenue forecast for the second time this year, underscoring accelerating demand from enterprise and hyperscale customers for its AI-optimized hardware. The repeated upward revision reinforces the narrative that AI infrastructure spending continues to outpace earlier expectations, further supporting the stock's climb to record levels.