Trizzino Peter sold $21.1M of DELL

Dell Technologies (DELL) shares rose 11% after RBC initiated coverage with an Outperform rating and $640 price target. The company has gained 300% in 2026, driven by strong AI infrastructure demand. RBC highlights Dell's supply chain advantage and $95B server backlog. Q2 revenue was $16.4B, with full-year outlook raised to $192B. Challenges include managing cash flow and inventory.

AI companies like OpenAI and Anthropic expressed safety concerns, potentially slowing AI development. Shares of AI-related firms like Lumentum, Corning, Coherent, Dell, CoreWeave, Nebius, and HPE dropped. Meanwhile, cybersecurity stocks such as CrowdStrike, Zscaler, and Palo Alto Networks saw gains. Anthropic plans to IPO next month.

Dell Technologies shares rose 4.68% to $559.26 after a 5.82% drop on Monday. The company reported record AI server orders of $60.9 billion and raised full-year revenue guidance to $192 billion. Adjusted earnings were $7.04 per share, up 203% year-over-year. Investors reacted positively to the strong AI-driven growth outlook.

Dell Technologies (DELL) stock rose 5.1% after CFO David Kennedy highlighted strong AI infrastructure demand at Citi's TMT conference. Kennedy reported $6.1B in AI GPU server orders for Q2, with $13.2B over the last year. Dell has over 6,500 enterprise AI customers, up 60% in six months. Goldman Sachs raised its price target to $570, while RBC Capital initiated coverage with a $640 target. The broader market declined, making Dell's gain company-specific.

Dell Technologies (NYSE:DELL) plans to raise $4 billion via a bond sale to refinance 2026 debt, split into tranches maturing in 3-10 years. The move follows raised revenue and profit forecasts due to strong AI server demand, with sales outlook increased by $25 billion. Dell's stock has surged 340% this year. The bond sale aims to manage existing obligations, but higher borrowing costs and potential AI spending slowdowns pose risks.

Dell (DELL) and HPE shares dropped over 4% as AI infrastructure spending concerns and institutional selling weighed on tech stocks. Dell fell below $340 after a sharp reversal from $569, while HPE was downgraded by Evercore ISI. Analysts warn of potential slowdowns in AI-related capital expenditure, impacting growth expectations for these companies.