Dell Technologies' stock surged over 16% to a record high of $294, driven by heightened investor interest in AI server infrastructure. The rally, which extends Dell's May gains to approximately 35%, comes as Wall Street analysts raised their price targets ahead of the company's fiscal Q1 2027 earnings report on May 28. Dell's shares have climbed about 125% year-to-date, fueled by demand for AI servers and enterprise hardware. Analysts from Wells Fargo, Evercore ISI, JPMorgan, Citigroup, and Bank of America have all increased their price targets, citing Dell's strong position in AI infrastructure and potential revenue growth. Wells Fargo's Aaron Rakers highlighted the possibility of Dell's AI server revenue reaching $65 billion this fiscal year, surpassing the company's $50 billion target. Despite some caution from Morgan Stanley regarding valuation, the overall sentiment remains bullish as Dell's AI server momentum continues to attract investor attention.