Dell has surged over 300% this year on the back of a $95 billion AI backlog, but profit takers just hit the brakes hard. Whether the next leg up reaches a bold new price target depends on three specific dominoes falling into place.

Dell has surged over 300% this year on the back of a $95 billion AI backlog, but profit takers just hit the brakes hard. Whether the next leg up reaches a bold new price target…

Dell sold about $16.4 billion of AI servers in its second quarter, RBC said.