Dell Technologies stock moves up after JPMorgan upgrades tech company to overweight on AI prospects
Dell Technologies(DELL) Market Watch·2024-01-08 21:06
Dell Technologies Inc.’s stock DELL, -0.17% rose 2.5% in premarket trading on Monday after JP Morgan upgraded the company to overweight from neutral. “We are more positively inclined toward the AI-driven compute investment cycle, which will benefit branded server companies…even as the drivers for the remaining businesses are more mixed, being subject to the macro backdrop,” analysts said. JPMorgan raised its revenue and earnings forecasts for Dell due to its “higher confidence” in the sustainability of a s ...