Sozzi: Have you seen the transformed Dell?

Published On Sep 8, 2024, 8:30 AM

The article discusses Dell Technologies' significant transformation from a traditional personal computer maker into a major player in tech infrastructure, particularly in the AI sector. Key points include Dell's strong performance in AI server sales—reaching $3.1 billion in the second quarter—and a surge in their Infrastructure Solutions Group's sales, which saw a 38% increase. Dell also recently joined the S&P 500, causing a rise in its stock value. Despite a slight decline in their PC sales, the overall outlook for Dell appears positive, especially with expected growth in AI-powered solutions. The article also highlights that Dell's stock is currently undervalued compared to its earnings potential, making it an attractive opportunity for investors.