Time to Buy: Wall Street Says Dell Stock Could Climb 38% in a Year

Hewlett Packard Enterprise (HPE) and Dell Technologies (DELL) each rose 11%, while Super Micro Computer (SMCI) climbed 4%, after Oracle (ORCL) announced a $90-$95B capital expenditure plan for AI infrastructure. Oracle's spending is expected to benefit vendors like HPE and Dell. Super Micro's smaller gain reflects its already anticipated demand narrative. The broader tech market saw sub-1% gains.

Dell Technologies (DELL) stock rose 10.8% to $561.36 after reporting record Q2 revenue of $47.0B, up 58% YoY, and raising full-year guidance. CFO David Kennedy revealed $6.1B in Q2 AI server bookings, with a $95B backlog. Analysts upgraded targets, including RBC's $640 price target. Broader market gains also supported the surge.

Dell Technologies (DELL) stock rose 1% in premarket trading after a 5.4% drop on Thursday. The company issued $5 billion in bonds and Silver Lake Partners sold $25 million in shares. RBC Capital initiated coverage with an 'Outperform' rating and $640 price target, citing AI-driven growth. Dell's stock has quadrupled this year, driven by AI server demand. Management emphasized prudent capital commitments and cost efficiency.

Evercore ISI raised its price target for Dell Technologies (DELL) to $650 from $575, citing strong AI server demand and a $95 billion backlog. Dell's Q2 revenue rose 58% YoY to $47B, with adjusted EPS up 203% to $7.04. The company also increased full-year guidance, with analysts noting supply constraints and potential margin improvements.

Dell Technologies Inc. aims to raise $4 billion through a bond sale, with proceeds for refinancing debt and general corporate purposes. The company is offering bonds in four tranches, maturing from 3 to 10 years, with initial pricing at a premium over Treasuries. Dell's stock has surged 340% this year due to AI-driven demand for servers, and it recently raised its sales forecast by $25 billion.

Michael Dell's net worth reached $267.7 billion, surpassing Jeff Bezos, due to a 1.9% rise in Dell Technologies stock to a record high. Dell's fortune grew by $4.6 billion, driven by strong AI hardware demand and record quarterly revenue of $47 billion. The company raised its full-year revenue guidance to $192 billion and adjusted EPS to $25.50.