Dell Technologies Inc

Dell Technologies (DELL) closed at $463.82, up 2.73% from the previous session, while the S&P 500 fell 0.02%, the Dow lost 0.21%, and the Nasdaq declined 0.08%. Over the past month, the stock has gained 15.15%, outperforming the Computer and Technology sector's 4.99% rise and the S&P 500's 3.67% gain. The company is set to report earnings on September 1, 2026, with consensus estimates projecting EPS of $4.88, a 110.34% increase year-over-year, and revenue of $44.79 billion, up 50.43%. For the full year, analysts expect earnings of $19.21 per share and revenue of $175.5 billion, representing increases of 86.5% and 54.58%, respectively. Recent estimate revisions have been positive, with the Zacks Consensus EPS estimate rising 2.58% over the past month, and Dell holds a Zacks Rank of #1 (Strong Buy). The stock trades at a forward P/E of 23.5, in line with its industry, and a PEG ratio of 0.89, compared to the industry average of 2.63.

Penguin Solutions, Inc. is seeing improving revenue visibility as AI-driven demand continues to outpace net sales growth, contributing to a growing backlog. The company exited the third quarter of fiscal 2026 with a very strong backlog, particularly in Integrated Memory, where revenues jumped more than 111% year over year to $275 million, while AI-driven businesses represented 74% of total revenues and grew 104%. Management said bookings in the AI Infrastructure business generally convert into revenues within three to six months, providing an advantage heading into fiscal 2027, and the company has "pretty good visibility" into the first half of fiscal 2027. The pipeline also strengthened across enterprise, sovereign AI, and neocloud customers, with MemoryAI appliances and CXL memory expansion cards generating both revenues and new bookings. Penguin Solutions raised its fiscal 2026 outlook and expects roughly 30% net sales growth in fiscal 2027 from the midpoint of that outlook. Rivals Dell Technologies and Vertiv Holdings also benefit from the trend, with Dell reporting a record $51.3 billion AI backlog and Vertiv seeing strong backlog and pipeline momentum. Penguin Solutions shares have surged 107.6% over the past year, and the Zacks Consensus Estimate for fiscal 2026 and fiscal 2027 earnings is $2.60 and $3.40 per share, respectively, with both estimates revised upward.

Dell Technologies is set to face its next big test as its AI-driven stock surge meets upcoming earnings. The company's shares have gained over 235% in 2026, fueled by soaring demand for AI servers and infrastructure. Evercore ISI analyst Amit Daryanani maintains an Outperform rating with a $550 price target ahead of Dell's Sept. 1 results. In its last report, Dell booked $24.4 billion in AI orders, made $16.1 billion in AI server revenue, and ended with a record $51.3 billion backlog. Evercore expects Dell to exceed Wall Street's fiscal second-quarter projections and raise its fiscal 2027 forecast, with strong spending from AI customers like CoreWeave and SpaceX potentially boosting demand. However, after such a significant surge, even meeting expectations may not suffice, and Dell must demonstrate that AI demand is robust enough to sustain revenue and outlook.

Salesforce CEO Marc Benioff said enterprise adoption of artificial intelligence remains in its early stages despite rapid advances in consumer-facing tools, agents and AI-powered interfaces. Speaking at The Six Five Summit: AI Unleashed 2026, Benioff characterized the market as "a tale of two cities," noting that while technology leaders closely follow developments in models, agents and AI infrastructure, many large companies have yet to begin a broad AI transformation. He said the vast majority of customers are still at the beginning of their AI journey, citing the need for enterprises to preserve security, governance, compliance and control over their information systems as they incorporate AI. Benioff described the evolution of enterprise AI in three phases: prompting large language models using public data sets, the "agentic enterprise" in which AI agents can be directed to perform work, and a third phase focused on interfaces that can create dynamic views of enterprise data and applications while operating alongside established, rules-based systems. He said companies are unlikely to replace all existing systems such as Salesforce, Microsoft, SAP or data lakes, but instead will amplify those investments with new AI capabilities, including composite and personalized interfaces. Benioff pointed to several internal Salesforce deployments as examples, including a customer-support agent called Casey that has resolved 5 million customer-service issues on help.salesforce.com, a Slackbot that helps users interpret Slack data, and an internal supply-chain agent called Marshall to support supplier management. He also said Dell uses a Salesforce supply-chain product called Regrello to contact 20,000 suppliers daily through agents, helping identify potential supply-chain issues through a red, yellow and green status system. Benioff outlined four layers that companies need to address as they build AI-enabled enterprise systems: data, applications and semantic layers, agentic capabilities, and interfaces. He said Salesforce has invested in this approach through its products and acquisitions, citing Informatica for data harmonization, MuleSoft for data integration, Data 360 for data-lake capabilities, Agentforce for agents, and Slackbot, as well as the purchases of Qualified and Regrello. Benioff pushed back on concerns that AI will eliminate opportunities for young computer-science graduates, saying Salesforce is hiring recent graduates and needs workers who can assemble governed AI systems for enterprises and governments.

Dell Technologies is expected to report a year-over-year increase in earnings and revenue for the quarter ended July 2026, with results due September 1. The Zacks Consensus Estimate calls for earnings of $4.88 per share, up 110.3% from the prior-year quarter, on revenue of $44.79 billion, up 50.4%. The consensus EPS estimate has been revised 4.85% higher over the last 30 days, and the Most Accurate Estimate is above the consensus, yielding a positive Earnings ESP of +6.42%. Combined with a Zacks Rank of #2, this suggests Dell Technologies will most likely beat the consensus EPS estimate. In the last reported quarter, the company posted earnings of $4.86 per share versus expectations of $3.04, a surprise of +59.87%, and it has beaten consensus EPS estimates in each of the last four quarters.

Zacks Equity Research highlights Dell Technologies, Celestica, Lumentum Holdings, and Vertiv Holdings as four stocks positioned to benefit from AI data center expansion beyond chipmakers. Amazon, Alphabet, Microsoft, and Meta Platforms are expected to spend roughly $720 billion to $745 billion on capital expenditures in 2026, with a large portion directed toward AI infrastructure. Dell reported record quarterly revenues of $43.84 billion in the first quarter of fiscal 2027, up 88% year over year, and raised its AI server revenue expectations for fiscal 2027 to about $60 billion. Celestica's second-quarter 2026 revenues jumped 62% year over year to $4.70 billion, and it raised its full-year 2026 revenue outlook to $20.5 billion from $19 billion. Lumentum's fourth-quarter fiscal 2026 net revenues reached a record $1.01 billion, more than doubling from $480.7 million a year earlier, and NVIDIA committed to invest $2 billion in the company. Vertiv's second-quarter 2026 revenues increased 24% year over year to $3.27 billion, and it raised its full-year 2026 revenue guidance range to $13.8-$14.2 billion from $13.5-$14 billion.

AI networking stocks surged on Monday after a Mizuho research note pointed to accelerating demand across the AI high-speed interconnect layer. Marvell Technology rose 7.8% to $239.33, Credo Technology gained 8.3% to $281.48, and Ciena climbed 5.18% to $451. The note, published Sunday, cited a strong VR200 ramp as positive for near-package optics, co-packaged optics, and NVIDIA's Spectrum-X, and flagged Dell, Credo, NVIDIA, Broadcom, and Lumentum as 2027 earnings beneficiaries. Mizuho also projected CoWoS advanced packaging capacity growth of more than 75% in 2027, which would ease supply constraints on Marvell's custom AI silicon programs. Recent 13F filings showed heavy institutional interest, including Gavin Baker's Atreides Management holding concentrated positions across Credo, Ciena, and Astera Labs.

Dell Technologies has been selected to provide a secure research platform for a Texas academic initiative focused on advanced AI and research computing. The project will combine Dell's AI infrastructure with a Zero Trust security architecture to support sensitive and regulated research environments. The engagement expands Dell's presence in large-scale government and academic contracts for AI-focused infrastructure. The win reinforces the company's narrative around rising enterprise AI demand and its ability to sell full-stack solutions rather than commodity hardware. Investors will watch whether such AI-centric projects can offset margin pressure from more commoditized PCs and traditional servers.

Morgan Stanley's latest value-added reseller checks show enterprise infrastructure spending remains strong but is diverging across hardware categories, with storage strengthening, servers staying well above historical levels, and PCs eroding. Analyst Erik Woodring said third-quarter enterprise hardware spending is tracking in line to slightly above expectations set 30 days ago, helped by large enterprise demand, healthy mid-market spending, and incremental improvement in the public sector. Storage demand is running ahead of prior expectations for the September quarter, with year-over-year growth expected to accelerate from the second quarter, and the reseller believes the momentum of recent quarters remains in the very early stages, potentially supporting a multi-year cycle. Server demand remains exceptionally strong, though the bank flagged fewer and smaller deals and longer sales cycles than a month ago, with the moderation most pronounced in financial services, but it does not read this as material deterioration. PCs saw the sharpest deterioration, with the reseller now expecting third-quarter growth near 6%, down from roughly 10% previously.

Boost Run, Inc. reported its first earnings as a public company, announcing second quarter 2026 revenue of $31.1 million, a 270% increase from $8.4 million in the prior year period. The company said total long-term contracted revenue stands at $1.9 billion, with over $1 billion in contracts signed during the quarter. Boost Run expects to exit fiscal 2026 with approximately $400 million in annualized recurring revenue and achieve a sustainable net cash flow margin of 15% to 20% in forward periods. The company completed a business combination on May 8, 2026, resulting in $114.1 million in net proceeds, and ended the quarter with $120.2 million in unrestricted cash. Boost Run currently operates six data center locations in the United States, with three additional sites scheduled to come online over the next six months, and has fully committed a $1.44 billion purchase agreement with Dell while processing a strategic procurement of an additional $4 to $5 billion in compute hardware across multiple OEMs.

Dell Technologies shares rose about 3% on Thursday after Lenovo Group reported strong fiscal first-quarter results that highlighted continued demand for AI infrastructure. Lenovo generated $26.94 billion in quarterly revenue, up 43.1% from a year earlier, with its Infrastructure Solutions Group nearly doubling sales to $8.5 billion and producing $777 million in operating profit at a 9.1% margin. Lenovo's AI server pipeline expanded to $54 billion, up 157% from the prior quarter, while its Intelligent Devices Group posted 27% revenue growth to $17.1 billion and its Solutions and Services Group added $2.9 billion in revenue, up 28% year over year. The results point to broad-based momentum in enterprise computing and AI infrastructure spending that could benefit Dell.

Shares of AI server and PC hardware makers rallied after Lenovo reported a blowout quarter. Super Micro Computer surged 10% to $41, Dell Technologies rose 3% toward $500, Hewlett Packard Enterprise gained 5%, and HP Inc. added 3%. Lenovo's April-to-June revenue of $26.94 billion beat Wall Street's $22.44 billion estimate, and its AI server pipeline jumped 157% sequentially to $54 billion. Super Micro also guided fiscal 2027 revenue to $65 billion to $72 billion, far above the $53.3 billion consensus, though negative operating cash flow remains a concern.

IREN Ltd. shares jumped over 10% Thursday after Microsoft Corp. formally approved Horizon 1, the first of four AI data centers IREN is building under their five-year, $9.7 billion cloud services deal. Horizon 1 is a 50-megawatt deployment of Nvidia Corp. GB300 systems at IREN's Childress, Texas, campus, and is the first of four such facilities scheduled for 2026 that will together supply 200 megawatts of capacity. The sign-off means Microsoft has completed its contractual five-day testing window, allowing IREN to begin invoicing Microsoft monthly, and Nvidia separately granted Horizon 1 Exemplar Cloud status after testing the systems. The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizons are running, and management now targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with roughly 85% already under contract. The deal requires roughly $5.8 billion in GPUs and related equipment purchased through Dell Technologies Inc., with Microsoft due to pay 20% of the contract value upfront across the four tranches and IREN having secured $3.6 billion in GPU financing.

Lenovo Group disclosed its first fiscal quarter results, with revenue reaching a record high, its server business surging, and AI becoming the core growth engine. Revenue for the quarter was 183.4 billion yuan, up 43 percent year on year. Adjusted net profit exceeded the 1 billion US dollar mark for the first time, equivalent to more than 7.3 billion yuan, up 176 percent year on year. Adjusted net profit margin nearly doubled year on year to 4.0 percent. The Infrastructure Solutions Group saw revenue rise 98 percent year on year to 57.9 billion yuan, with an operating margin of 9.1 percent. The Intelligent Devices Group posted revenue of 116.4 billion yuan, and its PC market share gap widened for the tenth consecutive quarter. The Solutions and Services Group revenue grew 28 percent year on year to 19.6 billion yuan, with an operating margin above 24 percent. AI-related business revenue accelerated to 63.4 billion yuan, up 60 percent year on year. Boosted by this, computing power hardware stocks continued to climb in the afternoon session. Cambridge Technology, Olympic Circuit Technology, and Chunqiu Electronics hit their daily limit up. US AI server suppliers rose in overnight trading, with Dell Technologies up more than 4 percent.

Super Micro Computer issued fiscal 2027 revenue guidance of $65 billion to $72 billion, far above the $52.5 billion consensus, driving its shares up 13% and lifting peers Dell Technologies and Hewlett Packard Enterprise by 5% and 3%, respectively. The company also reported fourth-quarter adjusted earnings per share of $1.70 on revenue of $11.1 billion, nearly double the prior year, and disclosed a record $60 billion order book. Analysts at Barclays, Citi, Goldman Sachs, and Bank of America raised their price targets on Super Micro but maintained cautious ratings, questioning whether the 17.6% gross margin can be sustained. NVIDIA shares rose 2.5% as the strong server demand signaled continued investment in GPU-powered AI infrastructure.

The S&P 500 opened at a record high on Wednesday after July's consumer price index met expectations, easing concerns about further Federal Reserve rate increases. Headline consumer prices rose 0.1% month-over-month and 3.4% annually, down from 3.5% in June, while the core measure came in at 0.2% for the month and 2.5% annually. Futures markets now price a 58% probability that the Fed will hold rates at its September meeting, up from just over 45% a week ago. AI-linked stocks provided a separate boost, with CoreWeave shares surging 21% after the company reported a second-quarter adjusted operating income margin of 5% that beat analyst estimates and revenue that doubled year-over-year. Super Micro Computer rose 9% on an upbeat profit and sales outlook, while Dell Technologies, Micron Technology, Cisco Systems, and Nebius also advanced.

Dell and Nutanix have announced that Dell PowerStore can now work with the Nutanix Cloud Platform on Nutanix Cloud Infrastructure 7.6. This marks the second Dell storage platform to support Nutanix, following PowerFlex. PowerStore brings comprehensive NVMe all-flash performance and the ability to independently scale compute and storage on the Nutanix AHV hypervisor, with seamless integration into Prism without requiring new tools or additional training. Additionally, Dell Private Cloud complements this with automated installation, full lifecycle management, and system-level hardware support from Dell. Omdia notes that organizations can deploy workload-ready clusters in about 2.5 hours, reducing steps by more than 90% compared to traditional installation methods. PowerStore for Nutanix Cloud Platform is available today on AOS 7.6.

Dell Technologies has expanded its partnership with D&H Distributing Co., making D&H a fully authorized distributor for Dell's complete storage and server portfolio in the US and Canada. The agreement broadens Dell's distribution reach across North America for its datacenter and infrastructure products, leveraging D&H's channel relationships with resellers and solution providers to increase access for a wider set of customers. The move places Dell's AI-focused servers and storage in front of mid-tier and regional customers that large direct sales teams may not reach efficiently, though analysts have flagged concerns that AI servers can be margin dilutive and that wider distribution could sharpen price competition against rivals like Hewlett Packard Enterprise and Lenovo.

Firebird launched the Commonwealth of Independent States region's largest AI Factory in Hrazdan, Armenia, marking the operational debut of a multi-billion-dollar global computing platform. The facility, powered by Nvidia Corp's accelerated computing, networking, and software stack, is built using the Nvidia DSX platform and Dell Technologies' PowerEdge servers to handle large-scale AI training, fine-tuning, and inference workloads. The site begins operations with a phase powered by Nvidia B200 Blackwell GPUs, with plans to scale significantly, and Nvidia intends to make a direct investment in Firebird alongside existing backers including CoreWeave. Up to 90% of total capacity will be available to U.S. and global enterprises, including early customer Perplexity, while a portion is reserved for local Armenian AI startups, university research, and government initiatives. The opening ceremony was attended by Armenian Prime Minister Nikol Pashinyan, Kazakhstan's Deputy Prime Minister Zhaslan Madiyev, and U.S. diplomats.

Nokia Oyj has launched what it calls the first commercial AI-RAN platform for mobile networks, alongside new AI-powered network collaborations with Nvidia and Dell aimed at future 6G connectivity. The announcement comes as Nokia's share price has been volatile, with a 7-day return of 3.74% but a 30-day decline of 20.42%, while longer-term returns remain strong at 132.55% over one year and 154.01% over three years. The stock closed at $9.43, trading at a price-to-earnings ratio of 66.4 times, which is described as expensive compared to the US Communications industry average of 33.4 times and an estimated fair P/E of 47.6 times. However, a discounted cash flow model from Simply Wall St suggests the stock trades about 24.7% below an estimated fair value of $12.52, pointing to an undervalued reading. Nokia faces execution risk on its AI-RAN rollout and depends on competitive telecom spending cycles that can shift quickly if customer budgets tighten.

Texas A&M Engineering Experiment Station has selected Dell Technologies to design and build IGNITE, a new AI and high-performance computing platform. The system will use Dell PowerRack systems with liquid-cooled PowerEdge servers and AMD Instinct MI355X GPUs, deployed at an Equinix data center in Dallas. This win reinforces Dell's role in large AI deployments across education, government, and commercial cloud, alongside its partnership with Volta Infra Holdings for an Nvidia-backed AI cloud platform. The IGNITE project highlights how Dell's servers, storage, and services are being adopted across diverse AI use cases, potentially supporting near-term AI server demand.

Soaring AI infrastructure demand is fueling a major backlog buildup across servers, networking, and power equipment, with Dell Technologies, Hewlett Packard Enterprise, Super Micro Computer, and GE Vernova all reporting sharply higher order books. Dell raised its fiscal 2027 AI server revenue forecast to about $60 billion, while HPE reported cumulative AI systems bookings of $16.4 billion and a total AI backlog exceeding $6.3 billion. Supermicro disclosed approximately $39 billion of orders from more than 20 customers in June, and by July total new orders received during its fiscal fourth quarter had exceeded $60 billion, pushing backlog to a record level. GE Vernova’s Electrification business saw data-center orders exceed $5 billion year to date, more than twice its total data-center orders for 2025, and its gas-power equipment backlog and slot reservations reached 116 gigawatts. The broadening backlog signals that AI infrastructure spending is expanding beyond GPUs, though execution risks and customer concentration remain key concerns.

Advice IT Infinite Public Company Limited, or ADVICE, has launched Advice Business Solutions to officially expand into the enterprise customer market. It positions itself as a comprehensive digital and AI solutions provider, serving as both an AI Solution Provider and an AI Integrator that connects technologies from multiple partners. The company will leverage its network of over 335 branches and relationships with leading manufacturers such as AMD, Lenovo, Dell Technologies, AWS, and Palo Alto Networks to offer a One-Stop AI and Digital Service, covering consulting, system design, equipment procurement, cloud, data centers, cybersecurity, and after-sales service. In addition to revenue from equipment sales, ADVICE plans to develop As-a-Service offerings to generate recurring income and deepen long-term relationships with enterprise clients. This launch is part of a long-term strategy to transition from a retail business into a technology solutions and services platform that spans both consumer and enterprise markets.

Dell Technologies reported first-quarter revenues of $43.84 billion, an 87.5% year-on-year increase that beat analyst expectations by 21.5%, making it the standout performer among nine tracked hardware and infrastructure stocks. The group as a whole posted a very strong quarter, with aggregate revenues exceeding consensus estimates by 7.3% and next-quarter revenue guidance coming in 12.9% above expectations. Hewlett Packard Enterprise recorded revenues of $10.68 billion, up 40% year-on-year and 9.2% above estimates, while Xerox grew 26.7% to $1.85 billion but missed on earnings per share. Everpure delivered $1.05 billion in revenue, a 35.2% increase that beat estimates by 5%, though it issued the weakest guidance update of the group. IonQ posted the fastest revenue growth at 755% to $64.67 million, exceeding expectations by 30%, yet its stock fell 37.3% after reporting.

Dell Technologies has returned 238.3% year to date, far outpacing Apple's 23.9% gain, as surging demand for AI infrastructure lifts Dell's earnings outlook and valuation appeal. In the first quarter of fiscal 2027, Dell's AI server orders reached $24.4 billion, AI server revenues surged 757% year over year to $16.1 billion, and its AI server backlog expanded to $51.3 billion, with the company expecting $60 billion in AI server revenues for the full fiscal year. Dell's Infrastructure Solutions Group revenues rose 181% year over year, while Apple's Services segment contributed 27.9% of total net sales with record revenues of $30.98 billion in the second quarter of fiscal 2026. The Zacks Consensus Estimate for Dell's fiscal 2027 earnings is $18.80 per share, indicating 82.52% growth, compared with Apple's fiscal 2026 estimate of $8.76 per share, suggesting 17.43% growth. Dell trades at a forward price-to-sales ratio of 1.53 times, well below Apple's 9.67 times, and carries a Zacks Rank of 1, or Strong Buy, versus Apple's Zacks Rank of 3, or Hold.

Nvidia announced it is leading the formation of the Open Secure AI Alliance, joining forces with dozens of tech companies including Microsoft, SpaceX, Adobe, Dell, CrowdStrike, and Hugging Face to jointly develop and share AI security and cybersecurity tools. China Merchants Securities noted that tech giants such as Google and Microsoft have raised their 2026 capital expenditure guidance range to between 195 billion and 205 billion US dollars, and expect a significant increase in 2027, indicating that AI infrastructure investment has yet to peak. As of 1:36 PM on July 28, 2026, the SSE STAR 100 Index fell 5.45%, and the Bosera STAR 100 ETF dropped 5.71% to a latest price of 1.62 yuan. The ETF saw a total net inflow of 113 million yuan over the past 10 trading days, and the latest price-to-earnings ratio of the SSE STAR 100 Index it tracks is at the 6.51 percentile over the past year, with valuations at historical lows.

US semiconductor giant Nvidia announced on the 27th the formation of the Open Secure AI Alliance, an industry consortium to develop and share tools for improving artificial intelligence safety and cybersecurity. The move comes after an incident this month in which an autonomous AI agent intruded into AI startup Hugging Face, drawing attention to the risks of losing control over such agents. Founding members include Adobe, CrowdStrike, Hugging Face, and Dell Technologies, and the initiative follows an open letter signed by a broad range of companies including OpenAI advocating support for open-weight AI models. Nvidia stated it will contribute research on open models and agent control to the alliance, including the newly released open-source Nvidia Lab Object-Oriented Agent project, NOOA, now available on the code-sharing platform GitHub.

Dell Technologies and Planet Labs PBC present contrasting investment cases for 2026, with Dell leveraging AI-driven infrastructure growth and Planet Labs expanding its satellite imagery business. Dell reported fiscal 2026 revenue of approximately $113.5 billion, up nearly 19% year-over-year, and net income of more than $5.9 billion, while Planet Labs posted revenue of $307.7 million, a 26% increase, but a net loss of nearly $246.9 million. Dell trades at a forward price-to-earnings ratio of 23.8 and a price-to-sales ratio of 2.2, compared to Planet Labs' price-to-sales ratio of 19.5 and no forward earnings multiple due to expected losses. Wall Street forecasts Dell's fiscal 2027 sales to jump 50% to about $171 billion with over $11 billion in net income, while Planet Labs is expected to widen its net loss to about $306 million on sales of $436 million. The analysis concludes that Dell's exposure to the AI data center wave makes it a more compelling buy in 2026, given its lower valuation multiples and strong cash generation.

Stock index futures rose Monday as the U.S. and Iran paused military actions, easing Middle East conflict fears. More than 20 technology companies including Nvidia, Microsoft, Meta, IBM, Dell, and Palantir urged the U.S. government to support open-weight AI models, as the White House weighs restrictions on Chinese open-weight models over national security concerns. Michael Burry disclosed on Substack that he added to short positions in Micron and Nvidia, while increasing long holdings in Flutter and DraftKings. Bank of America Securities flagged that August through October has historically been the weakest rolling three-month stretch for the S&P 500, favoring gold, bonds, and the U.S. dollar. Waymo has received 83 parking citations totaling $9,325 since launching its Austin robotaxi service in 2024, with most violations involving tow-away zones. Comcast's Universal saw The Odyssey collect an estimated $87 million in its second weekend, bringing its domestic gross to about $286 million and worldwide total to more than $639 million.

Dell Technologies shares have surged 242% in 2026, outpacing Micron Technology's near-tripling, and the stock could still double within three years. The company's AI server revenue jumped 757% year-over-year to $16.1 billion in the first quarter of fiscal 2027, and it now expects $60 billion in AI server revenue for the full fiscal year, up from a prior forecast of $50 billion. With an estimated 17% share of the generative AI server market, which is projected to grow at a 34% compound annual rate to $449 billion by 2030, Dell is positioned for continued rapid expansion. Analysts forecast earnings per share of $18.41 this fiscal year, and even if earnings reach $25.77 by fiscal 2029, the stock could hit $850 at a Nasdaq-100-matching multiple of 33 times earnings. Trading at 24 times forward earnings, Dell's valuation remains attractive given its growth trajectory.

Dell Technologies shares have surged 242% in 2026, outpacing Micron Technology's near-tripling, and could still double within three years. The company's AI server revenue jumped 757% year-over-year to $16.1 billion in the first quarter of fiscal 2027, and it now expects $60 billion in AI server revenue for the full fiscal year, up from a prior forecast of $50 billion. With a 17% share of the generative AI server market, which is projected to grow at a 34% compound annual rate to $449 billion by 2030, Dell is positioned for robust earnings growth. Analysts forecast earnings per share of $18.41 this fiscal year, and even at a conservative multiple of 33 times earnings, the stock could reach $850 by fiscal 2029. Trading at 24 times forward earnings, Dell remains attractively valued despite its rally.

US stock futures are pointing slightly lower as investors weigh higher bond yields and firm energy prices against softer jobs data. The US 10-year Treasury yield is trading near a two-month high around 4.63%, keeping borrowing costs elevated, while a surprise US crude inventory build of 2.6 million barrels and emergency reserves at a 43-year low keep energy costs in focus. ADP private hiring continues to slow, raising questions about whether rate-sensitive sectors like banks and real estate or economically sensitive areas like consumer and small-cap stocks should be the priority for portfolio risk. Among top movers, Westinghouse Air Brake Technologies jumped 10.04% after Q2 results and a higher BofA price target, Dell Technologies surged 9.32%, and EQT gained 8.45% after analysts raised price targets following Q2 performance and cash flow metrics. On the losing side, Boxabl declined 23.85%, Innio declined 9.66%, and GE Vernova declined 8.69% following a share buyback tranche update filing. Earnings from Intel, Honeywell International, Blackstone, and NextEra Energy are on the radar, with Intel reporting Q2 results after the market close on Thursday.

Dell Technologies surged 9.32 percent on Wednesday to close at $441.80 per share, driven by investor optimism over surging demand for AI servers using Nvidia chips. The rally was fueled in part by Super Micro Computer's record backlog of $60 billion in the fourth quarter of fiscal year 2026, which investors interpreted as a strong signal for Nvidia GPU-powered AI server demand. Dell itself posted an 88 percent jump in revenues to $43.8 billion for the first quarter of the fiscal period ending May 28, with AI orders reaching $24.4 billion and AI segment revenues at $16.1 billion. The company raised its AI server revenue expectations for fiscal year 2027 to $60 billion, and separately declared a quarterly cash dividend of $0.63 per share payable on July 31 to shareholders of record as of July 21.

Super Micro Computer shares surged 25% after the server maker reported preliminary fourth-quarter results with much stronger profitability than expected, offsetting revenue near the low end of guidance. EQT rose over 6.6% on stronger-than-expected second-quarter production and raised its 2026 sales volume guidance to 2,375–2,450 billions of cubic feet equivalent. Amazon slipped 1% after confirming job cuts in its artificial intelligence group. AAR slid almost 11% after fiscal fourth-quarter margins missed estimates, with management citing constrained supplies of used serviceable material. Westinghouse Air Brake Technologies popped 11% to a 52-week high after lifting full-year guidance. Chubb fell more than 3% despite reporting slower property and casualty insurance growth due to underwriting discipline. Dell Technologies and Hewlett Packard Enterprise rose 10% and 5%, respectively, as Super Micro's results boosted server peers. Pegasystems tumbled more than 16% after second-quarter earnings missed expectations. Rocket Lab gained 3.5% on a $266 million U.S. Air Force contract. GE Vernova declined more than 7% despite a revenue beat and raised guidance. AT&T rose 2.9% after adjusted earnings topped estimates. CME Group added 5% on better-than-expected second-quarter results.

Jim Cramer addressed viewer complaints that he kept them out of stocks that have surged this year, including Dell Technologies up 221%, during Tuesday's Mad Money episode. Cramer stated he has been positive on Dell for a long time and believes Michael Dell would call him the most positive media voice on the company, while also emphasizing the importance of diversification after recent sharp sell-offs in those names. He previously expressed regret over missing Dell's rally, noting the stock never dipped after he placed it in his trust's bullpen, and attributed the missed opportunity to being too skeptical. Dell's stock has gained over 216% this year amid a pivot to enterprise AI infrastructure, with Evercore ISI raising its price target to $500 and the company guiding for 47% full-year revenue growth backed by a projected 144% surge in AI server sales.