Prediction: Dell Technologies Stock Could Go Parabolic After Sept. 1. Here's Why.

DELL reported record first-quarter revenue of $43.8 billion, up 88% year-over-year, and disclosed a $51.3 billion AI server backlog heading into its September 1 second-quarter earnings call. The backlog figure reflects surging orders from hyperscalers including META and MSFT, both investing heavily in data center infrastructure to support AI workloads.

The company's AI infrastructure segment has emerged as the primary growth driver. With demand outpacing supply across the industry, DELL's ability to convert its record backlog into revenue will be the focal point when management reports Q2 results and updates guidance next month.

Analyst expectations have climbed in recent weeks as comparable vendors report capacity constraints and extended lead times. If DELL beats revenue guidance or raises full-year AI infrastructure forecasts on September 1, the stock could see significant upward movement. The Motley Fool flagged the potential for results to exceed current Street estimates.