DELL - Is Dell Stock a Buy Now?
2024-06-20 07:07:00 ET
What a year for Dell Technologies (NYSE: DELL) . Last June, shares of the computer maker were at a 52-week low of $48.74. Since then, the stock has more than tripled, reaching a 52-week high of $179.70 on May 29.
Dell's outsized stock performance was thanks to the immense demand for artificial intelligence hardware. The company sells PCs, computer servers, and other IT infrastructure products designed for AI.
But its share price dropped after Dell announced results for its fiscal first quarter, ended May 3. Does this create a buying opportunity? Or are there reasons to avoid the stock? Here's a look into the company to answer these questions.
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Is Dell Stock a Buy Now?