Dell Technologies reported an 88% surge in first-quarter revenue to $43.84 billion, driven by robust demand for artificial intelligence products. The Texas-based technology company raised its full-year outlook Thursday, projecting annual sales of $165 billion to $169 billion, up significantly from prior guidance of $138 billion to $142 billion.

The dramatic increase reflects Dell's successful positioning in the AI hardware market as companies race to build out computing infrastructure. The stronger-than-expected performance suggests Dell captured substantial market share from competitors during the AI boom. Wall Street analysts have noted Dell's infrastructure business now represents the primary growth engine for the company.

Dell's results come amid a broader tech sector rally, with other hardware and semiconductor companies reporting strong earnings tied to AI investments. The Round Rock, Texas-based firm's stock has climbed 35% this year as investors reward companies demonstrating tangible benefits from the artificial intelligence gold rush.