Dell Technologies Stock Has 18% Upside, According to 1 Wall Street Analyst
DELLDell Technologies(DELL) The Motley Fool·2024-03-14 02:32

Dell Technologies (DELL -3.06%) stock is red hot -- not because PC demand is growing, but because investors have decided that Dell is now an artificial intelligence (AI) stock, a realization that tripled the share price of the computer company over the last 52 weeks.Last quarter, Dell shipped $800 million worth of AI-optimized servers, as Bank of America analyst Wamsi Mohan points out in a report covered by StreetInsider, and Dell's backlog of AI server orders nearly doubled in comparison to fiscal Q3 2024. ...