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Dell Technologies stock rose 10% after RBC Capital Markets initiated coverage with an outperform rating and a $640 price target. The stock has more than quadrupled in 2026 as Dell became a top vendor for Nvidia-based AI servers, with a $95 billion server order backlog and $16.4 billion in AI server sales last quarter.
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Summary by ByteBrief
Dell Plans $4B Bond Sale to Refinance 2026 Notes