On June 15, Dell Technologies rose 3.44% in regular trading, trading at $408.88/share, with turnover of $847 million.
On the news front, Goldman Sachs recently released a research report significantly raising its AI server market size forecast, projecting the AI-related server market to reach $1.24 trillion by 2030, up from a prior estimate of approximately $961 billion. Goldman Sachs cited Dell's recent strong results as core validation of sustained AI computing demand growth.
Dell previously reported fiscal Q1 revenue of $43.8 billion, up 88% year-over-year, with AI server revenue surging 757% to $16.1 billion. The company's backlog exceeded $51.3 billion, and management raised full-year AI server revenue guidance from $50 billion to $60 billion. Goldman Sachs also raised its 2026-2030 AI server forecasts by an average of approximately 18%, with average selling price estimates lifted roughly 15%, underscoring the accelerating super-cycle in AI infrastructure spending.
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