Dell added to Bank of America's US 1 List, target price raised to $180.
$Dell Technologies(DELL.US$ New AI products and potential S&P 500 inclusion drive bullish outlook. $IBM Corp(IBM.US$
👉 Key Highlights:
📍 Dell added to Bank of America's US 1 List, a collection of top investment ideas.
📍 Bank of America raises Dell's target price to $180 from $130.
📍 Positive factors include AI server demand, IBM mainframe refresh, and PC refresh.
📍 Dell Technologies World 2024 introduces Dell AI Factory and expands AI portfolio.
📍 New products include 5 AI-PCs, all-flash file storage, and network architecture.
📍 Dell's potential inclusion in the S&P 500 seen as a catalyst.
📍 Dell added to Bank of America's US 1 List, a collection of top investment ideas.
📍 Bank of America raises Dell's target price to $180 from $130.
📍 Positive factors include AI server demand, IBM mainframe refresh, and PC refresh.
📍 Dell Technologies World 2024 introduces Dell AI Factory and expands AI portfolio.
📍 New products include 5 AI-PCs, all-flash file storage, and network architecture.
📍 Dell's potential inclusion in the S&P 500 seen as a catalyst.
👉 Expert Statement:
🗨️ "Dell Technologies (NYSE
) World 2024 took place May 20th-23rd where Dell introduced Dell AI Factory and expanded its AI portfolio with 5 new AI-PCs, all-flash file storage, network architecture in addition to AI services offerings," said BofA. "We see these new products supporting Dell's growth in C25."
🗨️ "Dell Technologies (NYSE
) World 2024 took place May 20th-23rd where Dell introduced Dell AI Factory and expanded its AI portfolio with 5 new AI-PCs, all-flash file storage, network architecture in addition to AI services offerings," said BofA. "We see these new products supporting Dell's growth in C25."
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