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Dell Stock Surges 16% on $95B AI Backlog: Can DELL Break $500?

Dell Stock Surges 16% on $95B AI Backlog: Can DELL Break $500?

TradingKey – Dell starts the month closing in on $492.31, representing over 15.8% growth from the September 1 close of $425.00, with the September 2 session closing at $492.20. This indicates that the post-earnings gap made up the pre-report breakdown and even broke $473.36 resistance. Along with this, the positive sentiment and breakout excited the bulls as the stock surged on the back of new and historically significant AI orders, a backlog of $95 billion, and an even more crucial upgrade to its full-year guidance. Now, the real question is, can this stock breakout the resistance of $500-$513.09?

Q2 Results Reset Dell’s Growth Expectations

Dell’s second-quarter results reported massive year over year growth of 58% with revenue coming in…

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