On July 22, Dell Technologies Inc. rose 3.59% in pre-market trading, trading at $420.03/share, with turnover of $2.5377 million.

On the news front, Super Micro Computer published preliminary business results that significantly exceeded expectations, with gross margin guidance revised sharply upward from 8.2%-8.4% to 15%-17%, driven by favorable customer and product mix. The company also disclosed new orders exceeding $60 billion for the quarter, with backlog reaching a record high. SMCI surged over 15% in pre-market trading, lifting the entire computer hardware and storage sector broadly higher, with Dell rallying as a core AI server supplier.

Notable investment commentator Jim Cramer flagged Dell as the next winner following SMCI results. Additionally, Scale AI signed a memorandum of understanding with Dell to support Qatar digital future and AI capabilities, reinforcing fundamental support from sustained AI infrastructure demand. Multiple institutions have recently raised Dell target prices, with JPMorgan adjusting to $550 and Evercore ISI to $500, both maintaining overweight ratings.

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