Cisco and Dell Are Set to Benefit From AI. Why That Means Job Cuts.
Both companies are reportedly planning significant layoffs even as they gain from a boom in spending on artificial-intelligence infrastructure.
Dell staff say they aren't surprised about layoffs following its AI pivot
Dell laid off more workers this week, starting a process that some think may be the biggest in its history. Ten sources at the company shared their reactions to the layoffs with Business Insider.
Dell Technologies (DELL) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Dell Technologies (DELL) closed at $92.55, marking a +1.19% move from the previous day.
Is Dell's Stock Plunge a Once-in-a-Lifetime Buying Opportunity?
Dell Technologies NYSE: DELL, a household name in the computer industry, has recently found itself in a challenging position. With its stock price in a steep decline, falling nearly 50% from its 52-week high, the company faces a crucial juncture as it prepares to release its following earnings report on August 29.
Dell Vs. SuperMicro: One Is The Better Buy
SuperMicro stock dropped 20% in one session after a disappointing announcement, part of a broader decline from overbought levels in March. Dell stock has also experienced a considerable pullback, down about 52% from its all-time high, with concerns about profitability and market expectations. Both Dell and SuperMicro are currently trading at cheap valuations, with potential for substantial growth in the future. Dell is seen as the safer investment option.
Dell is cutting staff as it pivots to AI. A company exec says it will make jobs easier and more fulfilling.
Dell is putting AI at the forefront of its growth strategy. AI will make workers' lives easier and more productive, Dell's corporate strategy SVP told BI.
2 Dividend Stocks to Double Up on Right Now
AT&T is generating stable revenue to fund a high dividend yield. Dell Technologies can help investors profit from the booming demand for artificial intelligence (AI) servers.
Here's Why Dell Stock Dropped 20% Last Month
Many hardware stocks charged to expensive valuations over the past year as demand for AI products fueled optimism. Recent earnings results aren't necessarily supporting that optimism, and the global IT outage in July prompted a tech sell-off.
Is It Too Late to Buy Dell Stock?
Despite a 127% jump in stock value over two years, Dell trails behind Nvidia and Super Micro in AI-related gains. The company's AI systems achievement involved lower gross margins in response to "competitive pricing pressures.
Dell lays off some managers and sales staff to get 'leaner' amid a 'modernization'
Dell is restructuring its sales division and cutting staff as part of its "modernization." Managers and senior managers were the main targets of layoffs, employees told Business Insider.
2 AI stocks to buy now amid current artificial intelligence tailwinds
The stock market is currently experiencing a sharp downturn, with recession fears causing widespread panic among investors.
Dell stock price prediction as it shifts its focus to AI
Following the industry-wide trend, Dell (NYSE: DELL) is planning to utilize the ongoing artificial intelligence (AI) rally as it shifts its resources from the sales sector towards the new group focused on AI products and services, drawing analysts' interest and potentially shifting its growth outlook in the upcoming period.
