Dell, Cisco: How ‘throwback’ tech stocks fit into the AI trade

00:00 Speaker A

When I look at what Dell is reporting, even a Snowflake, these companies have tangible AI orders and backlog and strength and things are accelerating. This is not like the late 1990s when, you know, these are arguably made-up numbers and nobody’s making any money.

00:25 Ines

This is another part of the picks and shovel story when it comes to AI, and Dell is one of those as Art was mentioning with servers, CPUs being in strong demand. And I will mention that this is also seems to be a year of the throwback companies because you have Dell hitting highs, you have also Cisco.

00:55 Speaker A

Remember that one also from the dot com era? So good it is.

00:59 Ines

That’s right. And Intel as well. So, this is all part though of the AI trade, the picks and shovels and Dell’s performance is stellar. I mean, they even talked about also, uh, just the fact of demand. demand demand is is is is really what’s driving all of this. and the…