Dell and Super Micro surge on broad risk-on sentiment, lifting the iShares U.S. Technology ETF 4% amid AI infrastructure demand.
Dell Technologies and Super Micro Computer shares jumped 10% each, while Hewlett Packard Enterprise climbed 6%, driving gains in AI server stocks. The moves lacked company-specific catalysts, fueled instead by broader risk appetite in technology sectors.
The iShares U.S. Technology ETF rose 4% to $253, with the NASDAQ 100 up 3.1% midday. Super Micro remains down 46% over the past year despite today’s rally, reflecting prior volatility in the sector.
Traders targeted stocks leveraged to enterprise AI infrastructure, particularly servers housing NVIDIA GPUs, as sentiment spilled over from bullish analyst notes on related firms.