Does DELL's Expanding AI Footprint Make the Stock a Buy?
DELLDell Technologies(DELL) ZACKS·2024-06-25 04:01

Dell Technologies (DELL) shares have surged 91.2% year to date, outperforming the broader Zacks Computer & Technology sector’s return of 24.5% and the Zacks IT Services industry’s gain of 8.6%. The outperformance can be primarily attributed to the strong demand for AI servers driven by ongoing digital transformation and heightened interest in generative AI (GenAI) applications. Dell has been witnessing demand from a diversified customer base that includes the likes of higher education institutions, financia ...