Dell Technologies was having a good year and it looks set to get even better. Shares of the PC and enterprise hardware company were gaining Friday after Dell’s latest earnings update with analysts seeing three drivers for further gains.
Dell shares had risen 40% this year as of Thursday’s close as investors bet on a recovery in PC demand. However, there are other reasons to be positive about the stock as well. “At the company’s analyst day in October, we expect Dell to… announce and formalize a more aggressive capital return policy,” UBS analyst David Vogt wrote.Dell also touted the likely benefits of the growth of artificial intelligence. Analysts have flagged Dell’s potential growth in building servers used for generative AI applications. AI servers represented 20% of server order revenue in the first half of the year, according to the company.
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Source: MarketWatch - 🏆 3. / 97 Read more »