On September 17, Dell Technologies Inc. rose 3.06% in regular trading, trading at $582.66 per share, with turnover of $1.078 billion. The stock extended a multi-session rally that saw gains of over 4% and 5% in the prior two trading days.

On the news front, the rally was driven by continued momentum from multiple bullish catalysts. RBC Capital Markets recently initiated coverage of Dell with an Outperform rating and a $640 price target, citing its AI infrastructure supply chain moat and a massive $95 billion server order backlog. Evercore ISI also raised its target price to $650, highlighting upside from AI server demand and an impending PC refresh cycle. Meanwhile, Dell CEO Michael Dell warned at the Goldman Sachs Technology Conference that structural semiconductor shortages would intensify next year, with hardware pricing expected to continue rising as the company passes through higher costs.

The broader backdrop remains supportive. IDC data showed global server revenue hit a record $166.3 billion in Q2, up 52% year-over-year. Dell's enterprise AI customer base has expanded over 60% in the past six months to more than 6,500 accounts, with AI orders reaching $61 billion and backlog at $95 billion.

(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.)