20 AI News Investors Should Not Miss

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8. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 88

Dell Technologies Inc. (NYSE:DELL) is an American multinational technology company engaged in the designing, development, manufacturing, marketing, selling, and support of a wide range of comprehensive and integrated solutions, products, and services. The company offers end-to-end AI solutions through Generative AI and the Dell AI Factory, a complete and secure AI solution helping organizations customize and accelerate the development of their in-house chatbots and assistants, and equipping them with the relevant data for more complex processes.

Dell Technologies Inc. (NYSE:DELL) is placed on J.P. Morgan’s “Positive Catalyst Watch” ahead of third-quarter earnings. Dell makes servers that contain Blackwell chips. The company’s next earnings report will be announced in late November. Analysts expect Dell to report adjusted earnings per share of $2.04 on revenue of $24.7B.

“In conjunction with revenue and margin upsides from a recovery in traditional IT infrastructure, we expect the rapid expansion of the pipeline in relation to AI servers highlighted on the prior earnings call to translate into a robust backlog reassuring investors around sustainability of AI demand”.

– Analyst Samik Chatterjee.

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