Dell Says It Sees 'Massive' Growth Opportunity From AI

Core Insights - Dell Technologies positions itself as a leader in the artificial intelligence sector, anticipating significant growth opportunities driven by AI demand [2][8] - The company has revised its long-term revenue growth forecast to 7% to 9%, up from a previous estimate of 3% to 4%, and expects earnings-per-share growth of 15% or more, nearly doubling its prior forecast of 8% or more [2][3] - Dell's stock experienced a 6% increase to around $155 following the announcement, although it later retraced some gains [4][7] Financial Performance - Dell reported record quarterly revenue in August, exceeding analysts' expectations, attributed to strong demand for AI products [5] - The company has committed to a dividend growth of 10% or more annually through fiscal 2030, extending its previous commitment by two years [3] Market Position - Dell is well-positioned in the AI market with a comprehensive portfolio ranging from data center infrastructure to personal computers [8] - Analysts from Citi and J.P. Morgan have expressed positive outlooks on Dell's stock, with Citi maintaining a "buy" rating and a target price of $160, citing momentum in Dell's AI offerings [6]