On June 15, Dell rose 3.23% overnight, trading at $408.1/share, with turnover of $2.349 million. The move was driven by Goldman Sachs releasing a research report significantly raising its AI server market forecast, projecting the AI-related server market will reach $1.24 trillion by 2030, citing Dell's recent strong performance as core validation of sustained AI computing demand.
Dell's previously reported fiscal Q1 results showed revenue of $43.8 billion, surging 88% year-over-year, with AI server revenue skyrocketing 757% to $16.1 billion. The company's backlog exceeded $51.3 billion, and full-year AI server revenue guidance was raised from $50 billion to $60 billion. Within the Technology Hardware, Storage & Peripherals sector, the broader group showed strength, with Super Micro Computer up 4.5%, Western Digital up 4.63%, SanDisk up 4.39%, Seagate up 3.89%, and Apple up 0.15%.
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