How Dell’s AI Server Surge and Microsoft’s Pentagon Deal Powered Market Gains — Market Wrap May 29

Today's AI insights from 7horns.ai highlight a broadly positive market close on May 29, 2026, with the Dow leading gains, up 0.72%, while the S&P 500 and Nasdaq also edged higher by 0.23% and 0.22%, respectively. The S&P 500 extended its winning streak to seven consecutive days and nine straight weeks, its longest since 2023, closing May up 5.15%. Microsoft surged 5.45% following a $9.69 billion Pentagon contract and upbeat AI revenue forecasts. Dell Technologies stole the spotlight, soaring 32.88% after reporting a staggering 757% year-over-year jump in AI-optimized server revenue, hitting $16.1 billion, and announcing a record $51.3 billion AI server backlog. Other AI plays also rallied, with IBM up 12.71% and Super Micro Computer climbing 11.60%. Meanwhile, tech giants Alphabet, Nvidia, Amazon, and Tesla faced modest declines. This steady, low-volatility session capped a strong month for AI-driven tech stocks and broad market indices. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.