Building 5 at Dell Technologies’ Round Rock campus on Aug. 11, 2025. Dell shares surged Thursaday after the company reported record quarterly revenue, fueled by booming demand for AI servers. Aaron E. Martinez/Austin American-Statesman Shares of Round Rock-based Dell Technologies Inc. surged nearly 40% Thursday after the company reported a blockbuster first quarter that blew past Wall Street expectations, fueled by booming demand for artificial intelligence servers.