From Yahoo Finance: 2024-05-26 14:07:00

The stock of Dell Technologies (NYSE: DELL) has more than tripled in the past year, thanks to the growing adoption of artificial intelligence (AI). Dell is well-positioned to benefit from the booming demand for AI servers, as orders for AI-optimized servers were up 40% quarter over quarter. The company’s extended partnership with Nvidia to offer servers optimized for next-generation Blackwell AI GPUs also bodes well for its future growth. Additionally, Dell is eyeing a turnaround in the PC market with the introduction of AI-enabled PCs, which are forecasted to increase at an annual rate of 44%. With analysts expecting earnings growth and the stock trading at a discount to tech stocks like Nasdaq-100, investing in Dell seems like a smart move to capitalize on the potential growth opportunities driven by AI.



Read more at Yahoo Finance: This Artificial Intelligence (AI) Stock Has Tripled in a Year, and You May Regret Not Buying It Hand Over Fist Before It Soars Higher