NYSE:DELLTech
Dell’s Record AI Results And Capital Returns Tested Against Valuation Upside
Dell Technologies (NYSE:DELL) reported record financial results, supported by a $43b AI server backlog.
The company set ambitious AI growth targets and announced a $10b increase to its share repurchase authorization.
Dell raised its dividend by 20% and introduced the rugged, liquid cooled PowerEdge XR9700 server for edge AI workloads.
The company expanded partnerships, including a deeper alliance with Unisys and an extended collaboration with McLaren Racing in Formula 1.
For investors...