DELL - Why Dell Stock Is Surging Today
2024-06-18 16:06:40 ET
The stock of Dell (NYSE: DELL) is posting big gains in Tuesday's trading. The technology company's share price was up 7.8% as of 3:30 p.m. ET today, according to data from S&P Global Market Intelligence .
Dell's share price is surging following favorable coverage from an analyst at Morgan Stanley . On the heels of a bullish write-up from the high-profile firm's lead analyst on the stock, other investors have been buying up shares.
After the market closed yesterday, Morgan Stanley analyst Erik Woodring published a research note indicating that he expects Dell stock to continue posting strong performance this year thanks to demand stemming from the rise of artificial intelligence ( AI ). Woodring reiterated his overweight rating on the stock, indicating that he believes shares are still a smart buy for investors.
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Why Dell Stock Is Surging Today