.July 30, 2024 06:08:54 AM

Dell Technologies (NYSE:DELL) has seen a 48.68% increase in its stock price this year, driven by its role in the AI-driven server market. Analysts predict a potential 26% upside with a P/E ratio of 18.85.

In 2024, the S&P 500 has seen significant growth, with Dell Technologies emerging as a standout performer in the AI-driven market. Despite a drop in stock price, Dell’s strategic position in meeting AI-driven server demand has garnered investor attention.

Dell’s success in the AI server market is evident with a 42% sales increase, positioning the company well for continued success. Analysts recognize Dell’s potential undervaluation, with a Zacks Rank of #2 (Buy) and attractive valuation metrics compared to industry averages.