$DELL

Dell raised full-year 2027 guidance, including revenue to $167.0B (+19%) and AI-optimized server revenue (+20%), and projected Q2 EPS 76% above the prior quarter, according to management. The stock rose about 35% since May 28, 2026. Analysts questioned whether demand is structural or pull-in due to component supply constraints in the second half.

Dell shares hit a new 52-week high of $469.47 on June 1 after the company’s May 28 Q1 FY2027 results. Dell reported revenue of $43.8B (+87.5% YoY) and adjusted EPS of $4.86 (+213.5% YoY), beating estimates. It forecast Q2 revenue $44B-$45B and raised AI backlog to $51.3B. Evercore lifted its price target to $500.

Tech stocks fell Wednesday. Dell (DELL) dropped 9.8% and support was also pulled from HPE and HP Inc, as investors reassessed IBM’s prior profit warning. Micron (MU) hit a monthly low near $90 and SK Hynix (SKHY) fell 9%. In fintech, PayPal (PYPL) rose after CNBC said Stripe and Advent International offered $60.50/share.

CNBC’s Jim Cramer said Wednesday’s Big Tech rally may reflect optimism more than improved fundamentals. He cited Alphabet rising over 3% after Warren Buffett told CNBC he chose Berkshire’s investment in Google, and Microsoft up about 2.5% after a Citi note. Meta and Amazon rose about 3%, while Dell and Micron fell 10% and 8%.

Sheetz, a US convenience store chain, said it is migrating its virtualization stack off VMware across 838 locations. The company plans to move about 11,000 virtual machines from Broadcom’s VMware vSphere to StorMagic’s SvHCI, replacing 12 to 14 VMs per store and additional VMs for a Windows 10 to 11 transition. Sheetz says it has completed 600+ stores and expects completion in four months, citing Broadcom licensing changes.

US stock indices turned negative after giving up earlier gains following better-than-expected PPI data. The Dow, S&P 500, Nasdaq and Russell 2000 were down around 0.1% to 0.02%. Several tech names fell sharply, including SNDK, DELL, WDC and MU. Some gainers included PYPL, BLK and AAPL. The article also discusses SpaceX’s IPO pricing and Cerebras (CBRS).

Dell shares fell up to 12% after a report said Meta Platforms is considering leasing surplus AI training and inference capacity to enterprises, raising concerns about data center overcapacity. Micron dropped about 9% on possible tighter US export limits on high-bandwidth memory. SanDisk slid after a NAND outlook cut. AMD also fell as AI hardware sentiment cooled.

Dell shares fell about 14% to $394, HPE dropped about 8% to $45.67, and Super Micro Computer slid about 5% to $26.26, with no confirmed catalyst. The article cites Dell Q1 FY27 revenue up 88% YoY and FY27 AI server guidance of $60B, plus gross margin down to 18%.

Dell Technologies shares fell about 14% on Wednesday, extending a broader selloff in AI server hardware. Hewlett Packard Enterprise dropped about 8% and Super Micro Computer about 5%. The move followed a UBS downgrade of Dell to Neutral from Buy, citing overheated valuation. Dell’s next earnings are Sept. 3; FY2027 AI server revenue guidance is $60B.

Dell Technologies shares near a record high after Evercore ISI raised its price target to $500 and reiterated an Outperform rating. The article cites analyst expectations for Aug. 27, 2026 earnings of EPS $4.84 and revenue $44.80B. DELL was $438.50, down 4.16% on Wednesday, with resistance near $469.5 and support around $378.5.