On September 16, Dell Technologies Inc. rose 3.02% in pre-market trading, trading at approximately $559.50 per share, with turnover of $14.89 million. The stock had already surged over 4% in the prior session.

On the news front, CEO Michael Dell stated at the Goldman Sachs Technology Conference that structural semiconductor shortages are unlikely to ease in the near term, with supply-demand tensions potentially worsening next year. He noted that computing equipment and PC prices will continue to rise, and the company intends to pass increased costs through to customers. Meanwhile, RBC Capital Markets initiated coverage of Dell with an Outperform rating and a $640 price target, citing the company's favorable positioning to benefit from a multi-year AI infrastructure spending cycle, with server order backlog reaching $950 billion. Separately, Evercore ISI raised its target price to $650, maintaining an Outperform rating. The confluence of pricing power signals from management and bullish institutional coverage has reinforced upward momentum following the stock's recent breakout to record highs.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)