Can Dell Stock Break Through Its 100-Day Moving Average on Post-Earnings Pop?

Core Viewpoint - Dell Technologies (DELL) stock experienced an 8% rally despite missing revenue estimates for fiscal Q3, driven by strong earnings per share of $2.59, surpassing the consensus of $2.47 [1][3]. Group 1: Earnings Performance - Dell's revenue guidance for the full year has been raised to nearly $112 billion, attributed to strong artificial intelligence tailwinds [3][4]. - The revenue shortfall in Q3 is interpreted as a delay in recognizing revenue rather than a systemic demand slowdown [4]. Group 2: Stock Performance and Market Sentiment - Following the earnings report, Dell stock is challenging its 100-day moving average at the $136 level, with a potential breakout that could enhance bullish momentum into 2026 [2][3]. - Despite the recent rally, DELL shares are still down approximately 20% from their year-to-date high in October [2]. Group 3: Analyst Recommendations - Jim Cramer recommends owning DELL shares for the long term, citing a forward price-earnings (P/E) multiple of less than 15x as attractive for an AI company [5]. - Cramer believes concerns regarding tariffs affecting Dell's access to raw materials are exaggerated, expressing confidence in the company's ability to source materials effectively [5][6]. - The company is expected to remain a strong performer in the data center and enterprise space, justifying continued investment heading into 2026 [7].