Dell Stock Triples YTD; $51.3B AI Server Backlog Fuels Rally
MSFT•Dell stock has tripled this year and jumped nearly 60% in the past week, driving its price-to-sales multiple from below 0.8x to above 2.5x and forward P/E to roughly 23x. The company exited Q1 FY2027 with a record $51.3 billion AI server backlog after booking $24.4 billion in new orders against $16.1 billion in shipments.
1. Stock Performance Surge
Dell's share price has tripled year-to-date and climbed nearly 60% over the past week, expanding its price-to-sales multiple from below 0.8x to above 2.5x and lifting its forward P/E to around 23x.
2. AI Infrastructure Differentiation
The company leverages advanced liquid cooling, power delivery and thermal management to house eight or more Nvidia GPUs per rack, offering pre-validated compute, networking and storage platforms that ensure high reliability for enterprise AI deployments.
3. Record AI Server Backlog
Dell exited Q1 FY2027 with a record $51.3 billion AI server backlog after securing $24.4 billion in new orders against $16.1 billion in recognized shipments, indicating demand continues to outpace capacity.
