Why is Dell Technologies stock rallying today?

Dell Technologies and Palvella Therapeutics are both experiencing stock rallies. Specifically, Dell Technologies (DELL) has seen its share price increase by more than 30% over the last month. Despite this significant growth, the valuation of Dell Technologies remains cheaper than the S&P index. The reports focus on the upward movement of these two specific stocks, noting the substantial monthly gains achieved by Dell Technologies relative to the broader market benchmark of the S&P.