Dell (DELL), Diebold Nixdorf (DBD) Gain as AI Hardware Rally Broadens on Micron's Surge

Shares of Dell Technologies (DELL) and Diebold Nixdorf (DBD) advanced on May 26, 2026, as a rally in AI infrastructure stocks widened following Micron Technology’s (MU) 17.16% surge. The move came after UBS raised its price target on Micron, signaling that AI-driven memory and GPU demand remains structurally undersupplied. Dell, along with server, networking, and cooling peers like HPE, Arista, Vertiv, and Super Micro, benefited from expectations that accelerating chip orders will pull through demand for data center hardware. Diebold Nixdorf, a business services firm sensitive to corporate spending, gained amid the renewed risk appetite. The stock has been volatile with 10 moves greater than 5% over the past year. Year-to-date, Diebold Nixdorf is up 22.9% at $78.61 per share, but still trades 11.5% below its April 2026 52-week high of $88.77. Investors from its August 2023 IPO have seen a 282% return.