US Stocks Movement | CDW Extends Pre-market Gains by Over 1% After Morgan Stanley Upgrades Rating to "Overweight"

格隆汇2026/06/24 09:24

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Glonghui, June 24 — CDW (CDW.US), which closed up 5.25% yesterday, continued to rise by 1.42% in U.S. pre-market trading today, reaching $131.91. Morgan Stanley released a report on Tuesday, raising CDW's rating from "Neutral" to "Overweight" due to strong enterprise server demand, and adjusted the price target from $142 to $170. The report stated: "Although once-in-a-generation memory inflation is presenting challenges to the hardware market, the computing sector is defying the trend and performing strongly. Spillover upgrade demand in 2025, enterprises making early purchases, OEM supply shortages, and competition for market share—combined with more on-premise inference entering production environments (with a focus on data security)—are jointly driving resilient enterprise demand. The total addressable server market (TAM) is expected to grow by over 80% year-on-year in 2026, reaching $809 billion."

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36