Dell shares are on pace for their best day ever as AI server revenue soars. A setback for SpaceX competitor Blue Origin puts the IPO back in the spotlight. Semiconductor stocks are on a historic run and Nvidia is no longer leading the charge.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Dude, You’re Getting a Dell,” A Hiccup for the Space Race & A Dot-Com Moment without the Bubble 5/29/26

The Exchange

Thank you very much. I'm Kelly Evans and dude, Youre Getting a Dell, A Space, The New AI, and A Dot-Com Moment without the Bubble. All of that's coming up here on The Exchange. But we have more market highs we'll begin with here on the markets on the final trading day of May. Nice six-tenths of a percent gain for the Dow, which has actually been the laggard this month. Memory, semis and software are rallying again. Speaking of those month-to-date gains, the Nasdaq up 8%, the S&P up 5%, the Dow a little bit less than 3%. And what better poster child

of this market momentum than shares of Dell, which are soaring 28% today. The company reporting its fastest revenue growth since returning to the public markets back in 2018. Remember, Dell went private back in 2013 and reemerged five years later. You can see this kind of long-term chart here. For those first several years, this stock did nothing. It's essentially a straight line across until AI emerged. You could practically circle the moment here of ChatGPT. Then Dell decided to reposition itself with the stock.

What it already owned, which is tons of infrastructure. Rather than chase AI models or try to launch a chip, they served them. And that has paid off with gains of 740% over the past three years. Brings us to last night. Its impressive quarter across the board now has analysts scrambling to catch up. More than seven price target hikes today. Susquehanna, the standout, going to 700. The shares are at 408.

“Dude, You’re Getting a Dell,” A Hiccup for the Space Race & A Dot-Com Moment without the Bubble 5/29/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

“Dude, You’re Getting a Dell,” A Hiccup for the Space Race & A Dot-Com Moment without the Bubble 5/29/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.