Dell surges 9% on optimism it has secured big AI server orders
Dell Technologies(DELL) CNBC·2024-05-16 02:21
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024.Dell shares rose over 9% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted the company would rake in sales from the insatiable demand for artificial intelligence servers.Dell is seeing accelerating momentum, especially in winning business to build AI servers, unlocking a new bull case for the stock, Morgan Stanley analyst Erik ...