Dell shares jump about 10% after Super Micro's strong update

Shares of Dell Technologies surged on Wednesday, July 22, 2026, following a strong preliminary business update from rival server manufacturer Super Micro Computer, which bolstered investor confidence across the artificial intelligence infrastructure sector. Dell's stock gained approximately 9 to 10 percent, building on after-hours momentum from the previous day.

The rally was triggered by Super Micro's announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, ended June 30, driving its order backlog to a record high. The company also projected gross margins between 15 and 17 percent, significantly exceeding its prior guidance. Investors interpreted the news as a positive signal for the broader AI server ecosystem, indicating robust demand and healthier pricing dynamics. This sentiment lifted shares of other companies tied to AI infrastructure, including Dell and Hewlett Packard Enterprise.

Dell is viewed as a direct beneficiary of sustained AI infrastructure spending. The company assembles Nvidia-based graphics processing units into AI server racks and has reported its own AI server backlog of $51.3 billion, representing about 85.5...