Dell Technologies Joins S&P 100 Index After Strong Three-Year Growth
Dell Technologies (DELL) is set to join the prestigious S&P 100 index on September 21, 2026. This follows a remarkable three-year rally in its stock price of approximately 700%, driven largely by strong demand for AI infrastructure solutions such as servers and storage systems. Dell's fiscal Q2 results highlight the company’s robust performance: revenue reached $47 billion with an 89% increase from its Infrastructure Solutions Group. The firm reported a record backlog in AI server orders, amounting to $95 billion at quarter-end. CEO Michael Dell emphasized ongoing structural shortages of AI chips and growing demand for advanced computing solutions. Inclusion in the S&P 100 is expected to drive additional short-term buying pressure from index funds and institutional investors. The company has raised its full-year revenue guidance, now expecting $192 billion with a projected tripling of AI server revenue year over year.
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Topics: AI infrastructure Dell S&P 100 index stock performance