DELL's recent dip offers a buying opportunity for investors, given its robust portfolio of AI-optimized servers and an expanding partner base.
Despite some headwinds, the underlying force to dominate Dell Technologies Inc. stock in the next ~2 years is its business cycle. My assessment is that Dell is currently transitioning out of the contracting phase and starting a new expansion phase. My conclusion is reached after analyzing its inventory levels (the topic of my previous article) and its growth drivers (the topic of this article).
Dell Technologies Inc (NYSE:DELL) stock is 6.7% lower at $125.29 at last glance, suffering a significant bear gap following news that the Biden administration plans to tighten restrictions on the chip industry amid rising concerns with dealing in China.
In the latest trading session, Dell Technologies (DELL) closed at $137.22, marking a -1.68% move from the previous day.
Dell's overall business results might lead investors to think the business is stuck. However, the company is witnessing some newfound demand in its infrastructure solutions.
If you don't own at least one of the Magnificent Seven technology titans, odds are you're probably trailing the S&P 500 by a wide margin. Indeed, beating the market is tough without some help from the technology sector's biggest, brightest stars.
In the closing of the recent trading day, Dell Technologies (DELL) stood at $145.74, denoting a -0.16% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Dell Technologies (DELL). This makes it worthwhile to examine what the stock has in store.
Here is how Dell Technologies (DELL) and Qualcomm (QCOM) have performed compared to their sector so far this year.
Is Dell Technologies (NYSE: DELL ) a dinosaur in 2024? Not anymore!
Super Micro Computer (NASDAQ: SMCI ), a provider of artificial intelligence server infrastructure, became the market's new shiny metal object in 2024. There are reasons to like Super Micro Computer, including an agreement to manufacture hardware for a well-known billionaire.
With its huge opportunity in artificial intelligence, Dell Technologies (NYSE: DELL ) is one of the best tech stocks investors can own. In late May, DELL stock rallied to an all-time high of just under $180 per share on expectations that the company will see exponential growth from sales of its AI servers.