The computer manufacturer's addition to the index, effective Sept. 23, represents a return to the market benchmark, which it exited in 2013.
Two tech stocks are making moves on the charts today.
In a major show of confidence, personal computer manufacturer Dell (NYSE: DELL) is anticipated to see its stock benefit after its inclusion in the S&P 500 index.
S&P 500 futures rise as Palantir, Dell rally after joining the index. Investors await CPI and PPI data, crucial for shaping Fed's next rate move.
Dell Technologies is accelerating revenue in its server business, preparing for a rebound in the personal computer business, and poised to benefit from AI's rising effectiveness.
Dell has strong tailwinds due to massive data center builds. Meanwhile, the competition faces challenges.
DELL and HPE are a good play on the AI server market. Should you have DELL in your portfolio or HPE?
The S&P Dow Jones Indices said on Friday server maker Dell Technologies , data analytics firm Palantir Technologies and property and casualty insurer Erie Indemnity will join the benchmark S&P 500 before the market opens on Sept. 23.
Dell and Palantir shares both surged in extended trading on Friday after S&P Global announced that the two technology companies would join the S&P 500 U.S. stock index.
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Dell's recent performance improvements and a lower stock price led to an upgrade.
Super Micro's recent troubles increased bearish sentiment around the stock, but investors have an alternative to capitalize on the AI server market's growth. Dell Technologies' recent results make it clear that the company's growth rate is set to improve.