Dell Technologies shares jumped 16.8% on Friday, May 22, to reach a record $295.19. The stock has gained approximately 140% so far this year.
Investor optimism regarding Dell’s role in AI infrastructure drives the current rally. The company recently expanded its PowerRack portfolio for AI factories at the Dell Technologies World conference.
Analysts issued bullish upgrades before the fiscal first-quarter earnings report scheduled for May 28. Investors await these results to confirm if AI server revenue meets high market expectations.