Dell hits record high after bullish new coverage on AI servers
+11.98% to $567.29 from $506.62
What moved DELL
- Dell shares climbed to an all-time high after RBC Capital Markets began research coverage of the stock, citing enterprise demand for AI compute, storage expansion and a PC refresh cycle.
- RBC’s note highlighted Dell’s $95 billion server order backlog and roughly $16.4 billion in AI server sales in its most recent quarter.
- The move came the same day Oracle disclosed large AI-related capital spending plans that lifted AI-infrastructure suppliers broadly.
Sources: CNBC · Yahoo Finance · 24/7 Wall St.