Dell Technologies Inc. surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the office.
The shares jumped 13% to $49.58 at the close Friday in New York, the largest single-day rally since March 2020. Dell’s stock has fallen about 12% this year, which is less than many of its tech-sector peers.
