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 is scheduled to report quarterly financial results on Aug. 29.
Many growth stocks have posted stellar figures in recent quarters and rallied significantly of late. However, the party seems to be over for many such companies.
Dell Technologies Inc. shares ended last week down almost 50% from their May highs. What should investors make of the stock at current levels?
Both companies are reportedly planning significant layoffs even as they gain from a boom in spending on artificial-intelligence infrastructure.
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.
In the latest trading session, Dell Technologies (DELL) closed at $92.55, marking a +1.19% move from the previous day.
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.
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 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.
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.
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.