DELL Stock Hits $580 as Goldman Sachs Maintains Buy Rating Despite Trump's Share Sales

Dell Reports $95 Billion AI-Server Backlog as Shares Close at $574.55

Dell posted $47.0 billion in fiscal second-quarter revenue and disclosed record AI-server orders, revenue and backlog. A federal filing also listed two August Dell share sales from Donald Trump’s account.

DELL Stock Hits $580 as Goldman Sachs Maintains Buy Rating Despite Trump's Share Sales

TLDR: DELL stock reached $580 on October 9, extending its year-to-date gain to about 361%. Goldman Sachs maintained its Buy rating and $570 target despite ongoing AI hardware supply constraints. Dell booked $60.9 billion in AI server orders and ended the latest quarter with a $95 billion backlog. Trump’s brokerage account sold up to $1 [...]