UPDATE—May 30, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
Across the last 12 months, the blue-chip chipmaker and semiconductor giant Nvidia (NASDAQ: NVDA) has been drawing a lot of attention – and generating a lot of enthusiasm – thanks to its incredible growth and pivotal role in the ongoing artificial intelligence (AI) boom.
Dell Technologies Inc. (NYSE:DELL) is slated to step into the earnings confessional after the close tomorrow, May 30.
With Dell Technologies Inc. shares up 120% so far this year, that creates a high bar heading into earnings.
Dell Technologies has strong momentum thanks to demand for AI servers, high-end storage gear and PCs, an analyst says.
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Although Dell Technologies (NYSE: DELL) shares have recorded steady growth since the beginning of this year, Wall Street analysts have generally retained their views that DELL stock is a good investment in the following 12 months, as the company is about to publish its earnings.
The booming demand for AI servers is boosting the storied tech giant as the PC industry recovers.
Dell Technologies' (DELL) first-quarter fiscal 2025 performance is expected to benefit from portfolio strength and an expanding partner base.
Dell Technologies stock is rising from the interest in artificial intelligence.
Dell Technologies' PC and enterprise server markets are in the midst of a cyclical upturn. The company is benefiting from the adoption of Artificial Intelligence, which is driving growth in its Infrastructure Solutions Group (ISG) business. Although the stock's valuation may seem high to some, its solid earnings growth and future prospects warrant investors' attention.
Dell is expanding its lineup of AI-focused servers and personal computers, a move that will allow it to benefit from two lucrative markets. Dell's valuation makes buying the stock a no-brainer, as a potential acceleration in its earnings growth could help it sustain its impressive rally.