Dell Stock Jumps 10% After Super Micro’s AI Server Outlook Lifts Sector
TLDR
- Dell $DELL stock jumped 9.9% to $484.49 after Super Micro’s blowout AI server guidance boosted sentiment across the sector.
- Revenue surged 87.5% year over year to $43.84 billion, with EPS of $4.86 crushing the $2.96 consensus estimate.
- Dell entered the fiscal year with a $43 billion backlog of AI-optimized server orders, with AI server revenue up 757% last quarter.
- Analysts hold a “Moderate Buy” consensus with an average price target of $492.43; Citigroup lifted its target to $515.
- Insiders sold 3.43 million shares worth roughly $1.45 billion over the past three months, a factor that had previously weighed on sentiment.
Dell Technologies (DELL) stock climbed 9.9% on Wednesday, closing at $484.49, after Super Micro Computer’s stronger-than-expected fiscal 2027 outlook sent a positive signal through the AI server space.
Super Micro projected fiscal 2027 revenue of $65 billion to $72 billion, well above the $52.5 billion consensus estimate. Its stock jumped more than 14%, and that enthusiasm spilled over to Dell, which benefits from the same wave of enterprise AI infrastructure spending.
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