**AMD and Dell Soar in Pre-Market Trading!**
In the ever-evolving world of artificial intelligence, Advanced Micro Devices (AMD) and Dell Technologies (DELL) are stealing the spotlight in pre-market trading. AMD has hit a whopping $300 billion market valuation, while Dell has scored big with new orders for one of its cutting-edge chips. According to a tantalizing note from Melius Research, shipping for this innovative technology is set to kick off this quarter.
**Dell Takes Off!**
Hold on to your hats, folks, because Dell is making waves with a jaw-dropping 30% surge in pre-market trading. This surge could spell a fresh record for the company, with the opening print potentially soaring to $122.48. With a scorching 23% increase in year-to-date gains, Dell is on fire, boasting an impressive 132% surge over the past year. And what’s fueling this remarkable rise? None other than the sizzling AI hype and the powerful chips that Dell is riding high on.
**AMD Riding the AI Wave**
Not to be outdone, AMD is also catching the AI wave, with a commendable 9% increase yesterday and an additional 3% jump in after-hours trading. Thanks to a research note from Melius Research, traditional server CPUs are giving AMD a boost, propelling its data center segment to new heights. Plus, whispers are circulating that Dell has placed significant orders for AMD’s latest MI300X chip, set to hit the market this quarter. This strategic move places AMD in the forefront of investors’ minds, despite lingering concerns about its AI technology lagging behind Nvidia.
**The Final Word**
As the AI rally continues to heat up, AMD and Dell are seizing the moment with impressive pre-market performances. While Nvidia still holds the crown with a 60% surge, investors are keeping a close eye on these two tech giants as they navigate the ever-changing landscape of artificial intelligence. Will AMD’s latest chip launch propel them to new heights? Can Dell maintain its upward trajectory in the AI realm? Share your thoughts with us in the comments below and stay tuned for more thrilling updates in the world of tech and AI!
IntelliPrompt curated this article: Read the full story at the original source by clicking here