Why Dell Stock Is Moving Today
Portfolio Pulse from Ryan Gustafson
Dell Technologies Inc. (DELL) shares are trading higher after Morgan Stanley raised its bull case valuation on the stock from $81 to $84. The firm's checks indicate that Dell is ramping up its AI server builds, with orders for 15k to 25k AI servers in 2023-2024. Morgan Stanley estimates AI servers could represent a $5 billion annual revenue business for Dell. However, GPU availability remains a challenge for Dell in realizing AI server revenue currently.
August 08, 2023 | 7:41 pm
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Dell's stock is trading higher after Morgan Stanley raised its bull case valuation. The firm sees Dell's AI server builds as a potential $5 billion annual revenue business. However, GPU availability is a current challenge.
Morgan Stanley's raised valuation and the potential revenue from AI server builds are positive for Dell. However, the challenge of GPU availability could impact the realization of this potential revenue.
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