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Dell gains 10% on RBC review
Dell Technologies' shares rose by 10% after RBC Capital Markets initiated coverage with an "outperform" rating and a $640 price target. Expectations for continued demand for its products in the role of companies developing AI infrastructure remain strong. Dell plays a key role as a supplier of servers compatible with Nvidia chips, with accumulated orders worth $95 billion and investments of $16.4 billion in the second quarter. Its revenue is forecast to grow to $192 billion this year, driven by increased demand for AI systems and storage products.
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