Commentary Dell's share price rose sharply on Wednesday as market analysts telegraphed their confidence in the OEM's ability to capitalize on the AI market.
Should investors buy Dell stock before August 29? | DELL stock analysis
Like so many server makers at the center of the AI boom, the rapid rise in Dell's share price has little tangible basis. Dell executives had not issued any new earnings revisions or guidance. Instead, the rally appears to have been driven almost entirely by speculation, which we understand may be shocking to some readers.
On Wednesday, Morgan Stanley analyst Erik Woodring revised his price target for Dell from $128 a share to $152, calling it a top pick, according to a research note obtained by CNBC.
Woodring expressed confidence in Dell's prospects as an AI infrastructure provider, adding that he expected server orders to generate $10 billion in revenue by the system builder's 2025 fiscal year.
