From Nasdaq: 2024-05-17 18:11:26

Dell Technologies (DELL) stock saw an increase this week after reports surfaced that Dell had secured contracts for Tesla’s AI server buildout. AI stocks, in general, were up after Alphabet revealed new products, boosting investor enthusiasm for the sector. Dell’s stock rose by 14.2% this week according to S&P Global Market Intelligence.

Analysts credit Dell’s surge to winning contracts in Tesla’s AI server expansion, potentially adding up to $3 billion in revenue this year. Super Micro Computer leads the AI server market, but as a larger business, Dell is also expected to benefit from the AI boom. Dell will report earnings on May 30, revealing more details about the alleged Tesla deal.

The Motley Fool Stock Advisor team identified Dell Technologies as not one of the top 10 best stocks to buy now. The service has a track record of successful stock picks that have significantly outperformed the S&P 500 since 2002. While Dell’s future remains uncertain pending the Tesla reports, investors are advised to evaluate other potential high-growth opportunities in the market.



Read more at Nasdaq: Why Dell Technologies Stock Jumped This Week