Dell Shares Surge 9%

Shares of legacy computer giant Dell have closed at an all-time high, surging 9% after the company nearly doubled its long-term guidance on increased demand for its data center offerings.

The surge capped a profitable 30-day stretch for Dell's founder and CEO, Abel Avellan. (Photo: Dell Technologies) 

Data center infrastructure remains critical to meeting the operating and training needs of the AI boom, Forbes Daily reported.

JPMorgan Chase’s stock is up 28% this year—but with its shares trading at more than three times their tangible book value, even billionaire CEO Jamie Dimon has called it too high.

Still, some analysts say the premium is justified given the bank’s returns and technology investments.

On Wednesday, AST SpaceMobile announced a deal to provide cellular service from space to fill coverage gaps for Verizon customers starting in 2026. The deal sent AST stock skyrocketing 9%, making the Texas-based satellite cellular provider’s founder and CEO, Abel Avellan, almost $500 million richer in a single day.

The surge capped a profitable 30-day stretch for Avellan, whose net worth has doubled from $2.9 billion to $6.2 billion since early September, Forbes estimates.