NVDA, AMD, Dell, and Super Micro Surge in Pre-Market June 11 as Oracle's $70B Capex Outlook Reverses Sector Selloff

Nvidia, AMD, Dell, and Super Micro Computer are surging in pre-market trading June 11 as investors pivot to Oracle's bullish AI capex signal — the company announced plans to spend roughly $70 billion on data centers next year — after the prior session saw the sector shed more than $1 trillion in market cap. BofA raised AMD's price target to $560 from $500 and reiterated Nvidia as its top sector pick, citing agentic AI as a structural tailwind expanding the server CPU addressable market to $170 billion. The rally marks a sharp reversal from the June 10 selloff that had sent NVDA, AMD, and Micron lower on Oracle's debt-and-equity raise announcement, with the market now reading Oracle's spending commitments as confirmation that enterprise AI demand remains intact.