This month, the "Magnificent Seven" stocks have been the main topic in the market. However, they aren't the only ones facing significant losses during this market downturn.
Jim Cramer, the host of 'Mad Money,' sees Dell as a potential investment option during the current market decline.
The growth of artificial intelligence (AI) technology presents opportunities for investors to make money by choosing the right stocks. Predictions indicate that the productivity improvements from AI could contribute trillions of dollars to the global economy in the long run.
Over the last year, Dell Technologies (DELL -4.35%) shareholders have faced challenges, with the stock price falling by 23%, significantly lagging behind the S&P 500 index. The most recent quarterly report from the company did not help improve the situation for the stock.
In the field of AI, various businesses are involved in this intricate technology process. Some companies focus on creating or manufacturing advanced chips that handle demanding computational tasks.
Dell Technologies Inc. (NYSE:DELL) will be participating in the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2025, at 1:45 AM ET. The company will be represented by Yvonne McGill, the Executive Vice President and Chief Financial Officer. Erik Woodring from Morgan Stanley will also be present to introduce the event.
I continue to hold a "Strong Buy" rating for Dell Technologies Inc. (DELL) because of its appealing valuation and positive growth potential in the AI and PC sectors. The company's Infrastructure Solutions Group (ISG) has experienced notable growth, especially in storage revenue, which has led to improved margins and profits. The increasing need for AI infrastructure and updates to data centers is likely to boost Dell's revenue, with AI server shipments estimated to hit around $15 billion by FY2026.
Dell Technologies (DELL) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Dell Technologies is experiencing competition and a slow PC upgrade cycle, which is affecting its finances. However, the company has shown steady earnings per share growth and careful management of expenses, creating good trading opportunities. If demand for PCs and IT spending increases, the stock could rise to $140, especially if trends in AI and data center upgrades continue to be positive.
Jim Kelleher discusses Dell's earnings and shares his thoughts on the company's growth potential. He analyzes the differences between its commercial and consumer sectors.