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.
HP Inc. stock (NYSE: HPQ) has gained about 8% over the last week (five trading days) outperforming its peer Dell Technologies stock, which has declined about 18% over the same period. However, looking over a longer period, HP stock has gained about 17% year-to-date, compared to Dell stock which remains up by over 80% over the same period.
Dell and Super Micro Computer are thriving due to the rising demand for artificial intelligence.
Dell Technologies stock got slammed as traders considered the company's AI server shipments. Yet even this sizable share price drop is a mere blip on the radar for long-term investors.
After reporting Q1 results after market hours last Thursday and falling -18% on Friday for what was its worst trading day since 2018, the post-earnings dip in Dell Technologies (DELL) stock is starting to look like a buying opportunity.
Dell Technologies Inc (NYSE:DELL) stock suffered a sharp post-earnings drop at the end of May, after the company warned of margin pressure due to artificial intelligence (AI) investments, losing 17.9% for its worst daily percentage loss since December 2018.
Dell stock crashed 20% after reporting. Is there a demand problem?