Dell Surpasses Zuckerberg in Wealth Amid AI Boom
Dell Technologies has seen its net worth rise to an impressive $245.9 billion, overtaking Meta CEO Mark Zuckerberg, who stands at $215.6 billion, according to the latest figures from Forbes. This leap in valuation also brings Dell closer to Larry Ellison, co-founder of Oracle, whose wealth increased to $266.4 billion after a $13.5 billion gain.
The surge in Dell’s value followed a remarkable jump in the company’s stock price, which soared by 32.1%. This exceeded Dell’s previous record gain of 31.6% from March 2024. Investors reacted positively to Dell’s stronger-than-expected quarterly earnings report, which revealed earnings of $4.86 per share on $43.8 billion in revenue, both surpassing analyst predictions.
One standout figure from the report was the remarkable 757% year-on-year growth in revenue from Dell’s artificial intelligence servers, totaling $16.1 billion. The company has also raised its full-year forecast for AI revenue to $60 billion, up from the earlier estimate of $50 billion.
Morgan Stanley analysts noted that this quarter was one of the most impressive for hardware companies, especially against the backdrop of ongoing challenges in the tech industry.
Dell’s Chief Operating Officer, Jeff Clarke, highlighted that the company continues to benefit significantly from the booming AI sector, stating that the demand shows no signs of slowing down. During the last quarter, Dell secured $24.4 billion in AI-related orders, primarily driven by the need for servers to support AI systems.
Founded in 1984 by Michael Dell, the company has nearly tripled its value in the past year, now boasting a valuation over $200 billion. Recently, Dell gained further momentum by securing a $9.7 billion contract with the Pentagon to provide software services to the U.S. military.
