10 AI News Updates on Wall Street’s Radar

2. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 60

Dell Technologies Inc. (NYSE:DELL) provides infrastructure, computing, storage, networking, and cybersecurity solutions for businesses, public institutions, and consumers worldwide.

On February 11, JPMorgan lowered Dell’s price target from $160 to $150 but maintained an Overweight rating. The firm noted that investor interest in AI servers has declined for U.S.-branded server companies. Concerns include margin pressure from advanced AI compute configurations, increased competition, and pricing challenges. Dell and Supermicro (SMCI), which initially benefited, now face competition from HP Enterprise (HPE) and Lenovo. Despite this, JPMorgan favors Dell over HPE and Supermicro.