Alexis Christophorus

They're up almost 38% in early trading.

The hardware maker gave an outlook for annual sales that far surpassed analysts' estimates.

It's being fueled by demand for servers that power artificial intelligence work.

And Brody Ford covers Dell for Bloomberg.

And Bloomberg's Bernie Ford notes that ahead of this morning's surge, shares of Dell were already up more than 150% this year.

Time now for the Bloomberg Sports Update.

Here's John Staschauer.

And I'm Alexis Christophorus.

Here are the stories we're following today.

And Karen, that news has oil once again lower this morning.

Right now, we've got Brent trading at 93.30 a barrel.

West Texas Intermediate crude at 88.25 the barrel.

Crude has weakened in May on speculation that some form of a peace deal would be reached between the U.S.

and Iran.

Brent is down about 19 percent this month.

That's its biggest monthly drop since 2020.

And Karen, Bloomberg News has learned SpaceX is cutting its valuation goal in its impending IPO.

John Tucker joins us now with the very latest.

Good morning, John.

And we turn now to the markets, where stocks begin the last trading day of the week at record highs.