Dell (DELL) doesn't have the same glamour as Apple (AAPL), but there was a time when the two were battling for attention with their PCs and laptops. Today, their stories look very different. While Apple is grabbing headlines with its latest products such as the foldable iPhone Duo, Dell has quietly transformed itself into an AI infrastructure powerhouse.
Dell shares have climbed 323% in 2026, touching a new high of $567.75 on Friday, compared to Apple's 22% gain. After a move like that, taking profits feels almost automatic. Dell's story may be less sensational than Apple's, but it is generating some remarkably exciting numbers that suggest the story may have more room to run.
Dear SpaceX Stock Fans, Mark Your Calendars for September 21 How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox.
Here's why I wouldn't lock in profits yet. Dell Technologies was once primarily known as a PC and laptop company, but that is no longer the business investors are looking at. Today, it has evolved into a major infrastructure player, spanning AI servers, traditional servers, networking, storage, and PCs.
DELL stock may have run hard this year, but its business is running harder, and the second-quarter earnings showed that. Many analysts even raised the target price for the stock. The most bullish estimate sits at $735, which implies the stock can still climb by another 29% from current levels.
There are a few reasons why analysts are so strongly optimistic for Dell's future. AI and data center spending are now driving much of the company's growth. In the second quarter, Dell reported a 58% year-over-year (YoY) increase in revenue to $47 billion, with $16.4 billion just from AI server revenue.
Extract — continue reading at the source.
