Dell Technologies Inc.'s stock soared 5.07% during intraday trading on Tuesday, marking a significant upward movement for the technology hardware company.

The surge follows a broad recovery in the computer hardware and storage sector. Additionally, multiple major investment banks have recently raised their price targets on Dell, with Evercore ISI lifting its target to $500, Morgan Stanley raising to $477, and Citi maintaining a Buy rating with a $475 target. The core driver behind this positive sentiment is robust enterprise AI infrastructure demand, which continues to exceed supply, positioning Dell's full-stack hardware offerings to benefit significantly from the ongoing computing power expansion cycle.