Dell Technologies (DELL) is moving deeper into the artificial intelligence (AI) infrastructure buildout, with exposure across servers, networking, storage, and commercial computing. The company strengthened that position in the second quarter of fiscal 2027, reporting $60.9 billion in AI server orders and a $95 billion AI backlog while also raising its full-year fiscal 2027 guidance.
The numbers have done little to cool Wall Street’s enthusiasm. Evercore ISI analyst Amit Daryanani recently raised his price target to $650 from $575 and reiterated DELL stock as a top pick. His bullish view reflects stronger neocloud deployments, expanding enterprise AI adoption, potential share and margin gains, and disciplined capital allocation.