Dell (DELL) Up 6% Today Amid $60B AI Server Target

Dell Technologies (DELL) shares rose 6% in midday trading, hitting approximately $419. The company reported a year-to-date increase of 232%, significantly outperforming Hewlett Packard Enterprise (HPE), which is up 81%, and Super Micro Computer (SMCI), which is down 7%. Dell's AI-optimized server revenue reached $16.13 billion, up 757% year-over-year, with a $24.4 billion backlog of AI orders. The stock now trades at a P/E ratio of 31 as market interest in AI infrastructure continues to grow.