Upgrading Dell To Buy - One Guy's Loss Is Another's Gain
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Dell Technologies has been upgraded to a buy due to its strategic positioning in the AI accelerator market, benefiting from improved AI GPU supply and potential capacity gains. Increased demand from hyperscalers and Tier 2 service providers is expected to boost sales.
November 18, 2024 | 9:00 pm
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Dell Technologies has been upgraded to a buy due to its strategic positioning in the AI accelerator market, benefiting from improved AI GPU supply and potential capacity gains. Increased demand from hyperscalers and Tier 2 service providers is expected to boost sales.
The upgrade to a buy rating is based on Dell's strategic positioning to capture more market share in the AI accelerator space. The company is expected to benefit from a healthier supply of AI GPUs and potential capacity gains due to SMCI's struggles. Additionally, increased capex spending by hyperscalers and demand from Tier 2 service providers are likely to drive sales growth in Dell's Server & Networking segment.
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IMPORTANCE 90
RELEVANCE 100