Dell Technologies Inc.·Technology

Dell Technologies (NYSE: DELL) is gaining momentum as investors respond positively to the company's surging demand for artificial intelligence infrastructure.

Dell Technologies stock rises and is leading the S&P 500. Analysts believe Dell will beat fiscal first-quarter earnings next week but a strong performance from its AI business is needed.

DELL's AI server business surges with a $43B backlog and $50B revenue target as enterprise and hyperscale AI demand accelerates.

The year keeps getting better for Dell Technologies stock.

Dell Technologies (DELL) ripped higher on Friday as a series of analyst upgrades and price target hikes fuelled intense buying momentum ahead of the firm's Q1 earnings set to be released on May 28th. Wall Street remains convinced that DELL will report blockbuster financials for the first quarter, with revenue coming in up nearly 52% year-on-year on a much higher bottom-line growth to $2.94 per share.

Dell stock hit a record high on Friday after getting bullish reports from Wall Street analysts following its annual conference in Las Vegas.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays and projectors; attached and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces, helping customers to manage IT resource across private clouds and complex multi-cloud, multi-device environments. Dell Technologies Inc. also provides information security; and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
Technology
Computer Hardware
108,000
2016-08-17
1.06