Shares of Super Micro Computer (SMCI), Dell (DELL), and other Nvidia (NVDA) partners surged Thursday on expectations they could stand to benefit after the chipmaker reported fiscal third-quarter results that blew past analysts' expectations.
Besides Wall Street's top -and-bottom-line estimates for Dell Technologies (DELL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended October 2024.
Dell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said.
Dell's stock has surged 433% over five years, despite flat revenue, halved FCF, and a 28% drop in EPS. Dell's P/E ratio expanded by 50% to 24, and its P/FCF ratio rose from 8 to 28.6, driven by AI exposure. Strong demand for AI-optimized servers has doubled customer demand, creating a significant backlog securing future sales.
In the latest trading session, Dell Technologies (DELL) closed at $135.90, marking a -0.08% move from the previous day.
Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing contract, the Justice Department said on Tuesday.
Dell Technologies Inc. DELL has captured investor attention with a Golden Cross — a bullish technical signal where its 50-day moving average ($124.16) climbs above the 200-day moving average ($121.11).
Dell Technologies (DELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We're upgrading Dell Technologies to a buy. We think Dell has positioned itself to gain more share in the AI accelerator market with healthier AI GPU supply, new Nvidia Blackwell and potential capacity gain from SMCI's struggle. We think continued hyperscaler capex spend on AI infrastructure and more demand from Tier 2 service providers should boost Server & Networking sales next year.
These are two very different companies, but they both have tremendous potential in AI.
Dell Technologies' accelerating AI push and cheap valuation are attractive for growth-oriented investors.
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