Dell Could Be Poised to Benefit From AI Boom, Despite 'Messy' Results, Analysts Say
Dell Technologies(DELL) Investopedia·2024-11-27 22:00
Key TakeawaysDell Technologies shares plunged Wednesday after the company reported third-quarter revenue that missed Wall Street expectations.However, analysts at JPMorgan said demand for AI servers continues to climb, and that Dell could be positioned to benefit in the longer term.Dell makes servers that use Nvidia AI chips, drawing a shoutout from the chipmaker in its earnings call last week. Dell Technologies (DELL) shares tumbled Wednesday in the wake of what JPMorgan called “admittedly messy” third-qua ...