US Stock Market Move | Strong AI server demand boosts Dell Technologies, Inc. Class C (DELL.US) up over 5%, with 12-month orders reaching $13.2 billion.

On Wednesday, Dell Technologies, Inc. Class C Technology (DELL.US) rose over 5% to $572.58. According to market news, recently, Michael Dell, CEO of Dell Technologies, Inc. Class C Technology Group, stated that demand for AI servers, traditional servers, and storage remains strong. In the second quarter of fiscal year 2027, the company's AI GPU server orders reached $6.1 billion, with orders over the past 12 months reaching $13.2 billion. The company has more than 6,500 enterprise AI customers, growing over 60% within six months. Amid the artificial intelligence boom, prices for computing power equipment and personal computers will continue to rise, and the "structural shortage" of hardware device chips is highly likely to worsen further in 2027. Royal Bank of Canada Capital Markets initiated coverage on Dell Technologies, Inc. Class C Technology with an "Outperform" rating and a target price of $640. Analysts noted that there are currently no signs of slowing down, and Dell Technologies, Inc. Class C remains well-positioned to benefit from the multi-year AI infrastructure spending cycle.