DELL Loses 11% in a Week: Should Investors Buy the Dip?
Dell Technologies(DELL) ZACKS·2024-07-18 15:21
Dell's robust portfolio and expanding partner base are key drivers. Its strong liquidity, with a cash balance of $7.3 billion, is noteworthy as it makes dividend payout more sustainable. Moreover, President Joe Biden's plan to impose harsher trade restrictions on China to limit the manufacture of powerful semiconductors has been detrimental to Dell Technologies, as well as other chip stocks like NVIDIA (NVDA) , AMD, ASML and Micron. DELL's outperformance can be primarily attributed to the strong demand for ...