Movement Alert|Dell Overnight Rise 3.23%, AI Server Industry Momentum Continues to Accelerate

Market Focus
Jun 15

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%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10