Devrimb/iStock via Getty Images DELL stock’s cyclicality I last analyzed Dell Technologies Inc. (NYSE:DELL) about 3 months ago. The article was titled “Dell: Inventory Does Not Lie” and was written on April 20, 2024, as illustrated by the chart below. As the title suggests, that article focused on the use of its inventory levels as a key indicator of the status of its business cycle. Quote:  The gist of my bullish thesis is that the contracting phases of the current cycle are ending, the expansion phase ...