1023 ET - Dell just turned in one of the most impressive quarters that Morgan Stanley analysts say they've ever seen in the hardware sector. The analysts have put their prior underweight rating on the stock, as well as their $170 price target, under review. "We got this one wrong," the analysts say in a research note. It's clear now that Dell is seeing unprecedented demand across all of its segments despite broad component cost inflation, speaking both to the strength of the market as well as Dell's own execution and share gains, the analysts say. Shares jump 31% to $414.15, an all-time high. (dean.seal@wsj.com)

(END) Dow Jones Newswires

May 29, 2026 10:23 ET (14:23 GMT)

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