By George Glover
The artificial-intelligence rally just keeps rolling.
That's the main story for the stock market on Friday, with the S&P 500 on the verge of finishing in the green for a ninth week in a row.
The stellar run of gains has raised fears of a bubble but investors will be happy to carry on loading up on stocks as long as it remains clear the AI boom is boosting listed companies' top and bottom lines.
Dell Technologies was setting the tone in Friday's premarket session, soaring 38% after the PC and server maker blew past Wall Street's first-quarter profit target. Revenue for Dell's AI-optimized server division surged 757% from a year ago.
Other PC and server stocks also were rallying following those stellar results. Hewlett Packard Enterprise soared 16%, International Business Machines added 5.5%, and Super Micro Computer gained 9.2%. Data storage provider NetApp jumped 17% after its fiscal fourth-quarter earnings beat expectations, as AI drove demand for its products.
The breakneck rally in space stocks looked set to grind to a halt, though, after a Blue Origin rocket blew up late Thursday. AST SpaceMobile slumped 14% and Rocket Lab dropped 5.6% in premarket trading. Both stocks had risen almost 90% over the past month through Thursday's close of trading as excitement builds ahead of the looming SpaceX IPO.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 29, 2026 06:40 ET (10:40 GMT)
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