ThinglassI initiated a ‘Buy’ rating for Dell (NYSE:DELL) in May 2024, highlighting the growth potential of AI-optimized server and networking portfolio. Dell released its Q2 result on August 29th after the bell, reporting a 79.5% year-over-year growth in Servers and Networking business. The 23% growth in AI optimized server order underscores Dell’s growth potential in the AI era. I am upgrading to ‘Strong Buy’ with a one-year target price of $190 per share. Rise of AI Server Business My biggest confiden ...