Dell Technologies Inc. shares have lost about 20% since the company disappointed with its margin commentary at the end of last month, but a BofA analyst sees brighter days ahead for the server maker's stock.
Upside in AI servers, a PC recovery and strong capital return could drive Dell stock higher, BofA says. Here's what you need to know.
Dell's sales were strong last quarter but its margins didn't impress. There is a big opportunity for the company as demand for AI-powered computers could be about to take off.
Dell's stock has tripled in the past year, driven by its AI hardware segment. While Q1 earnings fell slightly short of sky-high expectations, the 30% drop in its share price may be overdone. Dell appears undervalued with a low forward P/E valuation and has substantial AI potential.
The CEO of Dell Technologies (NYSE: DELL), Michael Dell, plans to sell 10 million shares valued at $1.3 billion, according to a June 6 SEC regulatory filing.
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Dell Technologies Inc. NYSE: DELL is a leading hardware, software, and services provider in the computer and technology sector. From personal computers, laptops, peripherals, monitors, and tablets to enterprise data center servers, networking equipment, and virtualization software, Dell is a one-stop shop for enterprises and consumers.
Dell reported earnings in late May, and investors viewed the results as mixed. Further details shared by management position Dell as a strong AI business, making the sell-off potentially overdone.
Dell stock fell after the company pointed out in its latest report that its margins will remain under pressure. Booming AI server sales should help Dell overcome the near-term weakness that it is facing.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Here, we pick four top-ranked tech stocks - NVDA, DELL, GOOGL and MU - that have outperformed the broader equity market year to date and have the potential to increase further.
Dell Technologies helps enterprises install artificial intelligence-optimized servers.