Global markets lift legacy tech on AI boom
PUBLISHED May 31, 2026, 1:13 PM ET
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Legacy technology companies once seen as past their prime are sharply gaining market value amid a worldwide rush to build AI infrastructure. Firms such as Nokia, Dell, Cisco, Intel and Lenovo are benefiting from soaring demand for servers, storage, networking hardware and older-generation chips that underpin large-scale AI systems. Earlier this week, Dell posted the biggest single-day stock jump in its history after emphasizing high-demand AI servers. Lenovo’s AI-related revenue has climbed to nearly 40% of total sales, helping push its shares to record highs. Cisco’s stock is up 56% in 2026, while Intel shares have surged 211%. Collectively, seven major legacy firms have added about $1.7 trillion in value this year, averaging gains of 158%.
By Emily Rhodes | JQJO News
Timeline of Events
- Earlier this year, AI infrastructure demand accelerates
- Earlier this year, legacy tech stocks start rallying
- Earlier this week, Dell posts record stock jump
- Earlier this year, Lenovo AI revenue nears 40%
- 2026, Cisco shares gain about fifty-six percent
- 2026, Intel shares surge over two hundred percent
- This year, seven legacy firms add $1.7 trillion
- This year, investors prioritize physical AI capacity
News Intelligence
- Legacy tech is booming thanks to AI. If you own stocks in companies like Dell, Cisco, or Intel, you're likely seeing a nice boost in your portfolio. If not, it might be worth considering an investment. Always do your homework before investing.
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