It's safe to say Nvidia (NASDAQ: NVDA ) has done the impossible. The company went from a $2 trillion market capitalization to $3 trillion in just 96 days, a little over a financial quarter.
Nvidia has become expensive following its stunning rally, which is why investors hunting for cheaper options could consider looking at these names. The growing demand for AI-powered computers and servers will drive a nice turnaround at one of these technology specialists.
Elon Musk has confirmed that Dell Inc. (NASDAQ:DELL) is assembling half of the racks for the supercomputer that his AI startup, xAI, is building to power the next version of its AI chatbot, Grok. To be precise, Dell is assembling half of the racks that are going into the supercomputer that xAI is building — Elon Musk (@elonmusk) June 19, 2024 Dell CEO Michael Dell confirmed the collaboration on X, revealing that Dell and Nvidia are creating an "AI factory" to support xAI's needs.
Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday.
Dell introduced a new hybrid work policy to get workers back to the office in February. Nearly half the company's full-time US staff have chosen to stay remote, data seen by BI shows.
Rising demand for artificial intelligence servers has powered huge gains for the stock. Morgan Stanley's lead analyst covering Dell thinks the share price can continue to climb.
A flurry of research notes are upbeat about the outlook for Dell's opportunity in artificial intelligence.
Dell Technologies Inc.'s stock is continuing its ascent on Tuesday, though it remains about 15% off its all-time high achieved late last month when it reported earnings.
The AI server business is booming, but will Super Micro Computer be able to compete with giants like Dell Technologies?
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Dell Technologies (DELL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Dell Technologies (DELL) stock has the potential to significantly outperform next year because of “multiple catalysts,” including artificial intelligence (AI) demand, according Bank of America analyst Wamsi Mohan.