Michael Dell surpassed Larry Ellison to become the world's fifth-richest person, with a net worth of $234 billion, driven by a 3.7% rise in Dell Technologies' stock. Dell's wealth surged due to strong demand for AI servers, reflected in an 88% revenue growth and a 757% increase in AI server revenue year-over-year. Oracle shares fell 2.6%, causing Ellison's net worth to drop to $230.8 billion. Dell now ranks just behind Jeff Bezos and ahead of Ellison, with expectations for AI revenue to hit $60 billion this year, highlighting Dell's growing influence in the tech sector.

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AI supply chain firms Celestica, Dell, and Astera Labs report strong growth and raised outlooks amid rising hyperscaler demand.

Celestica, Dell Technologies, and Astera Labs, key players in the AI supply chain, have reported significant revenue growth and raised their future outlooks. Celestica posted a 53% revenue increase with a strong outlook driven by hyperscaler contract...

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