Dell Technologies (DELL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The rout in technology stocks continues with the Nasdaq Composite index recently falling 3% in a single trading session and experiencing its worst selloff in nearly two years. With interest rates expected to be lowered starting this September, investors are shifting capital into small-cap stocks and value names that are likely to benefit from a reduction in borrowing costs.
In the most recent trading session, Dell Technologies (DELL) closed at $113.56, indicating a +1.91% shift from the previous trading day.
Although not a computer science expert, I know enough to understand that AI doesn't mean cognition, it really means “more” and “better”. Accordingly, companies tied to selling “more” and “better” will be the ones to truly profit from AI. Dell, at the threshold of a major and potentially prolonged AI-inspired hardware upgrade cycle, will be such company.
There are many great reasons to buy Dell Technologies (NYSE: DELL ) stock, especially with the share price having pulled back in recent months. Dell stock has fallen nearly 30% since it hit a 52-week high at the end of May this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street investors are looking for potential gains in niche segments, such as consumer tech stocks, especially this earnings season. Consumer technology, encompassing devices and software for the general public, has a profound history of transforming our lives.
Zacks.com users have recently been watching Dell Technologies (DELL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
DELL's recent dip offers a buying opportunity for investors, given its robust portfolio of AI-optimized servers and an expanding partner base.
Despite some headwinds, the underlying force to dominate Dell Technologies Inc. stock in the next ~2 years is its business cycle. My assessment is that Dell is currently transitioning out of the contracting phase and starting a new expansion phase. My conclusion is reached after analyzing its inventory levels (the topic of my previous article) and its growth drivers (the topic of this article).
Dell Technologies Inc (NYSE:DELL) stock is 6.7% lower at $125.29 at last glance, suffering a significant bear gap following news that the Biden administration plans to tighten restrictions on the chip industry amid rising concerns with dealing in China.
In the latest trading session, Dell Technologies (DELL) closed at $137.22, marking a -1.68% move from the previous day.