On August 10, Dell Technologies Inc. rose 3.14% in regular trading, trading at $468.02/share, with turnover of $4.37 billion. The stock continued to recover from sharp declines earlier in the week, when it fell 7.54% on August 6 and 4.12% on August 7 amid concerns over AI server profit margin sustainability.
The rebound was supported by broad strength across the AI infrastructure sector, with competitor Super Micro Computer surging 5.48% on the same day, extending positive momentum from its recent blockbuster preliminary earnings that showed gross margins roughly double prior targets and record backlog exceeding $60 billion in recent orders. SanDisk also gained 2.7%, reflecting renewed optimism in the hardware space.
Separately, Morgan Stanley lowered its price target on Dell to $430 from $477 while maintaining an Equalweight rating. However, the consensus analyst view remains constructive, with a mean price target of $505.67 and an average overweight rating according to FactSet. Citi recently raised its target to $515 and placed Dell on its 90-day upside catalyst watchlist, citing strong AI infrastructure demand.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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