Dell Technologies Inc. (NYSE:DELL) shares surged to new highs on Tuesday ahead of the company's May 28 earnings report, fueled by booming AI infrastructure demand, bullish analyst upgrades, and major product announcements.



This comes during a day when technology stocks are generally performing well, with the Technology sector (XLK) up by 2.10%.



Analysts expect strong fiscal Q1 2027 results driven by accelerating AI server demand and conversion of Dell's roughly $43 billion AI backlog.



Momentum also strengthened following Dell Technologies World 2026, where CEO Michael Dell and NVIDIA Corp.'s (NASDAQ:NVDA) Jensen Huang highlighted &#34;parabolic&#34; AI growth and unveiled new AI servers, storage systems, and NVIDIA-powered &#34;AI Factory&#34; solutions.



Dell also launched the PowerStore Elite storage platform, featuring AI-driven software, next-generation hardware, and up to 3x the performance of prior models. 



The company is targeting nearly $50 billion in AI revenue for fiscal 2027, reinforcing investor optimism around enterprise AI adoption and infrastructure spending.



<h2>DELL Technical Analysis: Bullish Trend Above Key Averages</h2>



Dell Technologies has shown impressive long-term performance, with a 12-month gain of 166.55%. 



The stock is trading at $303.15, well above its 20-day simple moving average (SMA) of $238.68, suggesting strong bullish momentum. 



The 50-day SMA is at $204.09, and the stock is trading 47.7% above this level, further confirming the upward trend.



The 20-day SMA crossing above the 50-day SMA is a bullish signal, while the recent golden cross in March, where the 50-day SMA crossed above the 200-day SMA, suggests a strong long-term bullish outlook. 



<h2>DELL Earnings Preview And Analyst Price Targets</h2>



Dell Technologies is set to report earnings on May 28, 2026 (confirmed).



<ul>
<li>EPS Estimate: $2.92 (Up from $1.55)</li>



<li>Revenue Estimate: $35.71 billion (Up from $23.38 billion)</li>



<li>Valuation: P/E of 34.0x (Indicates premium valuation)</li>
</ul>



Analyst Consensus &amp; Recent Actions: The stock carries a Buy rating with an average price target of $223.58. Recent analyst moves include:



<ul>
<li>Wells Fargo: Overweight (Raises Target to $270.00) (May 22)</li>



<li>Morgan Stanley: Underweight (Raises Target to $170.00) (May 21)</li>



<li>B of A Securities: Buy (Raises Target to $280.00) (May 18)</li>
</ul>



<h2>Top ETFs Holding Dell Technologies</h2>



<ul>
<li>Brown Advisory Sustainable Value ETF (NASDAQ:BASV): 3.40% Weight</li>



<li>Tortoise AI Infrastructure ETF (NYSE:TCAI): 5.53% Weight</li>



<li>Monarch Volume Factor Dividend Tree Index ETF (NASDAQ:MVFD): 3.33% Weight</li>
</ul>



Significance: Because DELL carries significant weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.



DELL Stock Price Activity: Dell Technologies shares were up 2.45% at $302.41 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.



Image via Shutterstock

Trump publicly endorsed Dell, sending DELL up ~40% post-earnings. From 13F filings and top social media trader Serenity to Capitol Hill stock guru Trump's 'buy-then-praise' playbook — we track the smartest money moves worth watching. Geopolitical risks, policy shifts, catalyst hunting, or technical analysis? Break down positions, find consensus, and copy trades — all in one place!

Trump publicly endorsed Dell, sending DELL up ~40% post-earnings. From 13F filings and top social media trader Serenity to Capitol Hill stock guru Trump's 'buy-then-praise' playbook — we track the smartest money moves worth watching. Geopolitical risks, policy shifts, catalyst hunting, or technical analysis? Break down positions, find consensus, and copy trades — all in one place!

Notable Trades: Dell & Optical Comms in the Spotlight?

$Dell Technologies(DELL.US) posted FY27 Q1 revenue +88% YoY, with AI server revenue surging 757%. Full-year guidance was raised to $167bn, sending shares soaring 38% after-hours — the market is repricing DELL as a core 'AI infrastructure play.' The AI buildout wave is spreading fast: peer Super Micro Computer(SMCI.US) rallied in sympathy after-hours, while $Lenovo Group(00992.HK) has surged nearly 70% since May. The AI infrastructure rally looks just getting started — which AI infra name are you backing?&nbsp;

$Dell Technologies(<a href="http://DELL.US">DELL.US</a>) posted FY27 Q1 revenue +88% YoY, with AI server revenue surging 757%. Full-year guidance was raised to $167bn, sending shares soaring 38% after-hours — the market is repricing DELL as a core 'AI infrastructure play.' The AI buildout wave is spreading fast: peer Super Micro Computer(<a href="http://SMCI.US">SMCI.US</a>) rallied in sympathy after-hours, while $Lenovo Group(<a href="http://00992.HK">00992.HK</a>) has surged nearly 70% since May. The AI infrastructure rally looks just getting started — which AI infra name are you backing?&nbsp;

AI Infrastructure Boom! Dell Orders Hit $24.4bn!

DELL

DLLL

Dell Technologies Inc. shares reached a new 52-week high, driven by strong AI demand, analyst upgrades, and product launches ahead of its earnings report on May 28. Analysts predict robust fiscal Q1 2027 results, with a focus on AI infrastructure. The stock has gained 166.55% over the past year and is trading significantly above key moving averages, indicating bullish momentum. Recent analyst ratings suggest a Buy with price targets ranging from $170 to $280.

benzinga_article

Dell Tech

GraniteShares 2x Long DELL Daily ETF

Spdr Select Tech

NVIDIA

Wells Fargo

Morgan Stanley

Bank of America

Brown Advisory Sustainable Value ETF

Tortoise AI Infrastructure ETF

Monarch Volume Factor Dividend Tree ETF

NVIDIA Corporation

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Dell Shares Hit New 52-Week High As AI Push And Analyst Upgrades Fuel Rally