Shares in Dell Technologies Inc (NYSE: DELL) are on fire today after the legacy PC maker and AI server manufacturer announced Q1 results that blew past all expectations. And yes, AI is the driving factor behind Dell’s stellar quarter. Here’s what you need to know. Dell reports 757% year-over-year growth in AI server revenue On Thursday after the closing bell, Dell reported results for its first quarter of fiscal 2027, which ended on May 1. The results were nothing short of remarkable. For Q1 2027, Dell reported 88% year-over-year revenue growth for the quarter, which totaled $43.8 billion—a quarterly record for the company. Adjusted earnings per share (EPS) reached $4.86, representing growth of 214%. .video-container { width: 100%; max-width: 400px; margin: 0 auto; } .video-container iframe { width: 100%; aspect-ratio: 9 / 16; border-radius: 12px; } To put those numbers in perspective, analysts expected Dell to post significantly lower revenue and EPS.…