
Shares of Dell Technologies Inc. (NASDAQ:DELL) soared in premarket trading on Wednesday, up about 6%, after the company posted third-quarter earnings that beat expectations and raised its full-year forecast on the back of surging demand for AI servers and improved profitability in its infrastructure division.
Dell’s strong results prompted Goldman Sachs to raise its 12-month price target from $175 to $185, implying a 47% surge from Tuesday’s close.