Dell Shares Rally 6.7% to Record $189.79 Then Fall 3.4% After Hours
Rumors of Nvidia acquiring a PC maker sent Dell shares up 6.7% to a record $189.79, before a 3.4% drop in after-hours trading following Nvidia’s denial. Dell projects $50 billion in AI server revenue for the fiscal year ending January 2027 and holds 17% of the global PC market.
1. Acquisition Rumor Sparks Rally
An unverified report suggesting Nvidia was negotiating to acquire a major PC maker drove Dell shares up 6.7%, closing at a record $189.79 as investors anticipated consolidation in the PC market.
2. Nvidia Denial and After-Hours Pullback
Nvidia publicly stated it is not in discussions to buy any PC maker, triggering a 3.4% decline in Dell shares during extended trading once the denial became known.
3. AI Server Revenue Forecast and Market Position
Dell forecasts $50 billion in revenue from AI servers using Nvidia chips in the fiscal year ending January 2027, while maintaining a 17% share of the global PC market.