Dell (DELL) Up 6% Today Amid $60B AI Server Target
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowDell Technologies (DELL) shares rose 6% in midday trading, hitting approximately $419. The company reported a year-to-date increase of 232%, significantly outperforming Hewlett Packard Enterprise (HPE), which is up 81%, and Super Micro Computer (SMCI), which is down 7%. Dell's AI-optimized server revenue reached $16.13 billion, up 757% year-over-year, with a $24.4 billion backlog of AI orders. The stock now trades at a P/E ratio of 31 as market interest in AI infrastructure continues to grow.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Hewlett Packard Enterprise (HPE)
Hewlett Packard Enterprise makes servers, storage, and networking gear for businesses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier HPE news
- Bloom Energy (BE) Reports 130% Revenue Surge to $751M in Q1
- HPE Reports 40% Revenue Growth in AI Networking Sector
- HPE Quarterly Revenue Up 40% to $10.7B, Price Target Raised to $70
- Hewlett Packard Enterprise HPE Reports $10.7B Revenue Growth
- HPE (NYSE: HPE) 10-Year Growth: $1,000 Turned into $5,895
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