AI Infrastructure Boom Adds $1.7 Trillion to Dell, Nokia, Lenovo and Legacy Tech Peers in 2026

Legacy technology companies Dell Technologies (DELL), Nokia (NOK), Lenovo Group, and four others have surged an average 158% in 2026, adding a combined $1.7 trillion in market value, as the artificial intelligence infrastructure buildout broadens beyond graphics chips to servers, memory, and networking gear. The rally in dot-com era names also includes Micron Technology (MU), Intel (INTC), Texas Instruments (TXN), and Cisco Systems (CSCO). Dell shares jumped 33% on May 29 after reporting soaring AI server demand. Micron became a trillion-dollar company in May as high-bandwidth memory supplies remain tight. Intel’s stock climbed 211% year-to-date after a strong sales forecast and a preliminary Apple chip-manufacturing agreement. “Demand is skyrocketing — everything from the boring CPUs to networking to storage and memory,” said Neuberger Berman portfolio manager Yan Taw Boon, noting massive undersupply in hardware.