2024-04-19 17:38:49 ET
Summary
- Dell Technologies has reshaped itself into an AI play, with its Infrastructure Solutions Group benefiting from AI-related growth.
- Dell's earnings and dividend yield are expected to climb steadily over the coming years, and a recent blow-out Q4 report backs up the AI narrative.
- Dell's stock has seen significant growth in the past year, but there are concerns about potential gaps in the chart and a bearish RSI divergence.
- I highlight key price levels to watch ahead of Q1 2025 earnings results due out next month.
As we head into the heart of the first quarter earnings season, executives in C-suites around the world remain focused on the potential of artificial intelligence ("AI"). AI has indeed helped lift markets in the last year, particularly among Info Tech stocks, but we've seen volatility tick up lately. All eyes will now be on large-cap tech firms to see what their profitability pictures paint in terms of the current corporate enterprise-tech investment environment....
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Dell: AI Pixie Dust Warrants A Re-Rating, But Shares Are Fairly Priced Today