The Investment Committee give you their top stocks to watch for the second half.
Dell Technologies (DELL 0.06%) is increasingly becoming an AI business as it generates more revenue for building data centers.
Although DELL's accelerating AI push and cheap valuation are noteworthy, the sluggish PC market is a headwind.
Dell Chairman and CEO Michael Dell joins 'Mad Money' host Jim Cramer to talk it's AI factory with Nvidia, stock buybacks, and more.
Dell Chairman and CEO Michael Dell joins 'Mad Money' host Jim Cramer to talk its AI factory with Nvidia, stock buybacks, and more.
Investments that combine consistent income with solid balance sheets can produce both immediate and long-term income for investors. Dividend stocks can also provide a beneficial cushion against the effects of market downturns on growth stocks — a top concern as U.S. stocks struggle to see price appreciation in mid-March.
Dell's Infrastructure Solutions Group (ISG) revenue surged 22% YoY, driven by strong storage revenue and AI-optimized server shipments, positioning Dell well in the AI infrastructure market. The partnership with Elon's xAI to build a $5 billion supercomputer using NVIDIA GPUs enhances Dell's AI capabilities and strengthens ties with NVIDIA. The Client Solutions Group (CSG) is set to benefit from the Windows 11 transition, potentially boosting revenues as businesses upgrade their computing devices.
[00:00:04] Doug McIntyre: One of the stocks I think people really have to took, take a look at, a hard look at in, in the sort of early evolution of AI is Dell.
Dell's stock dropped post-earnings despite beating EPS estimates, as weak guidance raised concerns about future growth. AI infrastructure is fueling strong growth, with ISG revenue up 22% YoY and a $9B AI server backlog signaling sustained demand. Profitability continues improving, as ISG operating income jumped 44% YoY, driven by efficiency gains and expanding margins.
In a Friday note, JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Dell Technologies Inc DELL with a price target of $150.
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.
'Mad Money' host Jim Cramer looks at Dell as a possible buying opportunity in the market down-turn.