35 AI News and Ratings You Should Not Miss

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15. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 88 

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. Dell is one of the biggest beneficiaries of a recent deal between IT security firm Sophos to purchase cybersecurity company Secureworks in a deal worth $859 million. Dell shareholders will receive $8.50 per share in cash from the deal. This represents a 28% premium to the unaffected 90-day volume-weighted average price. The transaction is expected to close in early 2025, subject to customary closing conditions. On October 21, JPMorgan analyst Samik Chatterjee placed Dell Technologies on Positive Catalyst Watch saying a recovery in traditional infrastructure driving margin beats while backlog expansion provides higher visibility into a robust demand pipeline.

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