Dell surges 9% on optimism it has secured big AI server orders

Dell shares rose over 9% on Wednesday to an all-time high after a note predicted the company will rake in sales from the insatiable demand for AI servers.

Wednesday's move was the largest since March 1, when the stock surged after earnings showed the computer manufacturer is benefitting from the AI boom. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"While the near-expontential ramp of Nvidia GPU shipments and AI servers builds make it difficult to pin down exact growth rates," Woodring wrote, he has confidence in Dell's business for a variety of reasons, including strengthening demand for AI servers and that he models Dell's market share increasing.

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Dell surges 9% on optimism it has secured big AI server orders'All-in, we are hearing about more AI server momentum at Dell than at any other OEM,' wrote Morgan Stanley's Erik Woodring.
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