Key Takeaways Mizuho started coverage of Dell Technologies and Super Micro Computer, citing opportunities in generative artificial intelligence as key drivers for the shares. Dell was given an Outperform rating and a $135 price target while Supermicro was put at Neutral with a price target of $450. Both targets are a bit below the Street's mean. Mizuho analysts see Dell and Supermicro AI servers as "spearheading" the future of the AI revolution. Dell Technologies (DELL) and Super Micro Computer (SMCI), or S ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying DELL stock? Here's what analysts think: Dell Technologies Inc has a consensus price target of $116.3 based on the ratings of 23 analysts. The high is $185 issued by Loop Capital on May 28, 2024. The low is $39 issued by Jefferies on October 31, 2022. The 3 most-recent analyst ratings were released by M ...

Brandon Bell Dell: Buyers Have Returned With Conviction Dell Technologies Inc. (NYSE:DELL) investors have avoided a further battering as DELL's August 2024 lows held firmly. As a result, dip-buyers have returned to lift the stock's buying momentum, even as arch-rival Super Micro (SMCI) stock suffers to gain traction. Therefore, the valuation between SMCI and DELL has closed markedly, narrowing the previous valuation bifurcation between the leading competitors in the AI server infrastructure market. Coupled ...

These companies are experiencing robust growth from AI, and that growth is making its way down the balance sheet into investors' pockets. The increasing demand for all things artificial intelligence (AI) is expected to add trillions in value to the economy, partly from the productivity gains it should create. Early investors in the companies that facilitated PC adoption 30 years ago, such as Microsoft and Intel, earned outstanding returns. AI offers similar return potential for investors who choose the righ ...

The GPU leader is still a top stock to own, but Dell's upside could be much higher. Nvidia (NVDA 8.15%) now has a market cap of about $2.5 trillion, making it one of the most valuable companies in the world. The stock has enjoyed an incredible rally in the past couple of years, and even though it has been declining in recent weeks, it's still up by an amazing 115% since January. While there are plenty of opportunities for the leading artificial intelligence (AI) chipmaker's business to grow, because it now ...

10 House P (4) 440 100 11 I 71 1 and the 11 1 i a th B 1 11 I I T the the 1 i t the state 1 1 i = 11 h TI ti t = Title H in 11:4 H d t 1 1 18 i Thinglass The AI Investment Thesis Dell Technologies Inc. (NYSE:DELL) has received much attention lately and recently reported earnings on August 29 th, 2024. Given the recent news updates and the decline in share price, I am revisiting my investment thesis for Dell. In this article, I explain why I believe the stock is still a great investment, despite souring sent ...

Dell plans further workforce cuts and limits external hiring through February 2025. Dell is taking measures to minimize spending and to adapt to an AI world. Dell's restructuring has included layoffs. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email a ...

Dell Technologies Inc. (NYSE:DELL) Goldman Sachs Communacopia + Technology Conference September 10, 2024 6:45 PM ET Company Participants Jeff Clarke - Vice Chairman and Chief Operating Officer Conference Call Participants Mike Ng - Goldman Sachs Mike Ng Great. Thank you, everybody, for joining the session. Welcome to the Dell Technologies keynote fireside chat at the Goldman Sachs Communacopia and Technology Conference. I have the privilege of introducing - introducing Jeff Clarke, who is the Vice Chairman ...

Revenue Growth and Performance - Dell Technologies reported overall net revenue growth driven by improved demand in servers and networking offerings[204]. - Total net revenue for the second quarter of Fiscal 2025 was $25,026 million, representing a 9% increase compared to $22,934 million in the same period last year[236]. - Products revenue increased by 12% to $18,954 million, while services revenue increased by 1% to $6,072 million[236]. - The increase in ISG net revenue was driven by growth in servers and networking offerings[240]. - Product net revenue increased by 12% in Q2 and 10% in the first six months of Fiscal 2025, driven by growth in ISG product revenue, despite a decline in CSG and other businesses[246]. - Services net revenue grew by 1% in Q2 and 3% in the first six months of Fiscal 2025, primarily due to growth in CSG services revenue, offset by a decline in other businesses[247]. Profitability and Margins - Net income for the three months ended August 2, 2024, was $841 million, an increase of 85% compared to $455 million for the same period last year[230]. - The diluted earnings per share attributable to Dell Technologies Inc. for the three months ended August 2, 2024, was $1.17, an increase of 86% from $0.63 in the prior year[230]. - The product gross margin for the three months ended August 2, 2024, was $2.875 billion, a decrease of 2% compared to $2.933 billion for the same period last year[228]. - The gross margin for products was 15.2%, a decrease of 2% compared to the previous year, while services gross margin was 40.1%, a decrease of 1%[236]. - Operating income for the second quarter increased by 15% to $1,342 million, and non-GAAP operating income increased by 3% to $2,034 million[241]. - Gross margin decreased by 1% to $5.3 billion in Q2 and by 3% to $10.1 billion in the first six months of Fiscal 2025, influenced by a decrease in CSG gross margin[249]. Cost Management and Expenses - The company is committed to disciplined cost management and expects a reduction in overall headcount as part of its ongoing business transformation initiatives[208]. - Operating expenses for the three months ended August 2, 2024, were $3.969 billion, a decrease of 6% compared to $4.222 billion in the same period last year[228]. - Total operating expenses decreased by 6% in Q2 and 4% in the first six months of Fiscal 2025, mainly due to a reduction in selling, general, and administrative expenses[260]. - Research and development expenses increased by 11% in both Q2 and the first six months of Fiscal 2025, reflecting higher employee compensation and benefits[261]. Strategic Investments and Future Outlook - The company anticipates continued growth in data will drive long-term demand for its storage solutions and services[212]. - Dell Technologies plans to continue evaluating strategic investments and disciplined acquisitions to advance its innovation agenda[214]. - The company expects to continue making strategic investments to support growth and innovation while managing costs effectively[262]. - The company expects modest net revenue growth in the Client Solutions Group (CSG) driven by the timing of the anticipated PC refresh cycle[206]. Tax and Financial Management - The aggregate adjustment for income taxes included discrete tax benefits of $0.4 billion related to uncertain tax benefits and $0.2 billion related to stock-based compensation[226]. - The effective income tax rate for the second quarter of Fiscal 2025 was 15.0%, compared to 36.3% for the same period in Fiscal 2024, influenced by discrete tax benefits totaling $0.6 billion[268]. - The company expects potential increases in effective income tax rates and cash income tax payments due to the global minimum tax proposal, but does not anticipate a material impact on Fiscal 2025 results[270]. Cash Flow and Capital Management - Free cash flow and adjusted free cash flow are used as non-GAAP liquidity measures to evaluate performance and support long-term capital allocation[231]. - The company plans to use free cash flow for stock repurchases, dividends, business investments, debt repayment, and strategic acquisitions[232]. - Free cash flow decreased by 73% to $704 million, down from $2,590 million in the same quarter last year[237]. - Cash provided by operating activities for the first six months was $2.4 billion, down from $5.0 billion in the same period last year[243]. - As of August 2, 2024, cash and cash equivalents totaled $4.55 billion, with total cash and available borrowings amounting to $10.55 billion, a decrease of $2.8 billion from the previous period[292]. Debt and Shareholder Returns - Total debt decreased by $1.5 billion to $24.7 billion as of August 2, 2024, driven mainly by net repayments of Senior Notes and DFS debt[294]. - The company repurchased approximately 12 million shares of Class C Common Stock for a total of $1.4 billion during the first six months of Fiscal 2025[305]. - The Board of Directors approved a 20% increase in the dividend rate to $0.445 per share per fiscal quarter, with total dividend payments of $0.7 billion in the first six months of Fiscal 2025[306]. Market and Competitive Environment - Competitive pricing pressures are expected to persist, impacting gross margin performance in the Client Solutions Group[204]. - Approximately half of the company's net revenue is generated from international sales, making it susceptible to foreign currency fluctuations[215]. - The company utilizes derivative instruments to hedge foreign currency exposures and interest rate risks[310]. - The company monitors credit risk associated with financial counterparties and manages exposure based on market developments[309].

Hispanolistic We discussed buying Dell Technologies (NYSE:DELL) stock in early August, as its stock dropped below $90 during the late summer growth scare. While the stock has remained volatile, Dell has made a solid comeback, appreciating by approximately 35% from its recent low. Dell recently reported earnings, delivering better-thanexpected results and illustrating that the AI revolution is alive and well in the hardware enterprise segment. Moreover, Super Micro Computer "SMCI" (SMCI), one of Dell's prima ...