Dell Technologies (DELL) received a price target boost from Loop Capital, which raised its price target for Dell to $185 per share from $125, citing the company's progress in generative artificial intelligence (AI).
Market Domination hosts Julie Hyman and Josh Lipton have more details.
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Video Transcript
Here I will talk about some of the calls that took place that day.
We'll start with Dell Technologies, which received a price target increase from Loop Capital, citing advances in next-generation AI.
It's been interesting to see the evolution and the transition and the perception of Dell. You know, Dell is thought of as a PC company and to some extent as a server company, but they've been talking a lot lately about this generation of AI. They even had a conference recently, and Jensen Wang from NVIDIA was there.
It was an interesting change.
Yeah.
So they evaluated Della and raised the target to 185. And, as you say, Julie, they say that their research continues to show legitimate gen AI advances over the last 90 days.
Well, there's certainly some risk involved.
These are called gen AI server revenues.
PC Refresh Cycle Rating.
In other words, this stock has seen impressive gains.
Over 250% in the last 12 months, and about 100% and 20% just this year.
That's why investors love it.
The street loves it.
Yeah.
And what's interesting to note in this comment is that they are very well positioned for long-term commercial IT, budget wallet share.
We've been hearing a lot of talk lately about wallet share, or enterprise software and hardware notes, but where is the money going?
And we've been talking about how a lot of things are going to flow from generational AI to infrastructure, and I think Dell is now part of that infrastructure.
Now, that's part of the argument here. By the way, this week Showtime Dell will report their first quarter earnings.
May 30th.
So, let's see, I'm ready.
We are ready.
