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Bank of America Sticks With DELL After CFO Transition
Yahoo Finance· 2025-09-10 19:59
Core Viewpoint - Dell Technologies Inc. is recognized as a promising AI stock, with Bank of America maintaining a "Buy" rating following the announcement of a new CFO transition [1][3]. Group 1: Leadership Changes - Yvonne McGill will step down as CFO effective September 9, 2025, with David Kennedy appointed as the interim CFO on the same date [1]. - David Kennedy has 27 years of experience at Dell and is expected to provide immediate leadership for the finance team [2]. Group 2: Business Operations and Market Position - Dell continues to expand its AI business operations, which is a key factor in its growth strategy [2]. - The company offers a broad product portfolio, including IT solutions such as servers, storage, networking, and personal computing devices [3]. - Bank of America highlights Dell's potential for growth faster than the market, share gains, and margin growth opportunities due to a higher mix of storage and premium configurations in PCs and servers [3].