Dell Stock Surges After RBC Initiates Coverage, Up 350% in 2026
RBC's bullish initiation sent Dell shares sharply higher, extending an extraordinary 350% gain so far in 2026.
Dell Technologies stock jumped sharply after RBC Capital Markets initiated coverage on the tech giant, pushing the shares even further into record territory with a staggering gain of nearly 350% in 2026 alone. The Wall Street endorsement added fresh momentum to a rally that has already made Dell one of the market's most dramatic performers this year.
At the heart of RBC's bullish thesis is Dell's booming artificial intelligence server business. The firm highlighted that Dell moved approximately $16.4 billion worth of AI servers in its most recent second quarter — a figure that underscores just how central the company has become to the infrastructure buildout powering the AI boom sweeping corporate America and beyond.
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The scale of that AI server revenue signals that enterprise customers are placing large, sustained bets on Dell as a key hardware partner for their AI ambitions. Analysts tracking the sector have noted that demand for high-performance computing infrastructure shows little sign of slowing, which could provide a durable tailwind for Dell's top line well into the coming quarters.
For investors, Dell's trajectory in 2026 represents a striking turnaround narrative — from a legacy PC and enterprise hardware maker into a front-line beneficiary of one of the most significant technology investment cycles in a generation. Whether the stock can sustain its extraordinary pace will depend heavily on whether AI infrastructure spending continues to accelerate or begins to plateau.
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