Dell Q3: Rapid AI Server Growth Offset Weak Consumer PC Sales, Remain 'Strong Buy'
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Dell's Q3 results show strong growth in AI server sales, offsetting weaker consumer PC sales. The company reported 9.5% revenue growth and 14% adjusted EPS growth, driven by record-high AI server orders and strong enterprise customer traction. Partnerships with Nvidia, AMD, and Intel support future growth.
November 27, 2024 | 6:15 am
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Dell's Q3 results show strong growth in AI server sales, offsetting weaker consumer PC sales. The company reported 9.5% revenue growth and 14% adjusted EPS growth, driven by record-high AI server orders and strong enterprise customer traction.
Dell's strong performance in AI server sales, which led to significant revenue and EPS growth, is a positive indicator for the company's stock. The partnerships with major tech companies like Nvidia, AMD, and Intel further enhance its growth prospects, justifying the 'Strong Buy' rating and target price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100