Dell: Buy The Dip - The AI Story Remains Solid

Jun. 12, 2024 12:45 PM ETDell Technologies Inc. (DELL) Stock2 Comments

Summary

  • Dell's stock has tripled in the past year, driven by its AI hardware segment.
  • While Q1 earnings fell slightly short of sky-high expectations, the 30% drop in its share price may be overdone.
  • Dell appears undervalued with a low forward P/E valuation and has substantial AI potential.

Michael Vi

Dell Technologies (NYSE:DELL) experienced a significant surge in its stock price, appreciating by nearly 500% ($31 to $179) from the bear market bottom in 2022 to its recent peak. Over the past year, Dell's stock has nearly tripled, with the primary driver of this stellar growth