Jerod Harris/Getty Images Entertainment Dell Technologies (NYSE:DELL) and HP Enterprise (NYSE:HPE) may wind up benefiting from Super Micro Computer’s (NASDAQ:SMCI) troubles, investment firm Citi said on Wednesday. Dell shares rose 2% in… Article Source https://seekingalpha.com/news/4255027-dell-hp-enterprise-likely-to-benefit-from-super-micros-woes-citi
The technology industry continues to be focused on advancements in artificial intelligence (AI) this week. Nvidia Corp. is at the forefront of this discussion, with analysts predicting a promising future for the company’s AI businesses. Despite Nvidia’s recent success, Bank of America equity analyst Vivek Arya remains optimistic about the chipmaker’s prospects, citing strong fundamentals … Read more
Nvidia’s CEO, Jensen Huang, emphasized the significance of the company’s partnership with Dell Technologies in advancing their artificial intelligence technology. The collaboration aims to make AI capabilities more accessible to a wider range of customers, enabling them to establish their own “AI factories.” Huang expressed the complexity of delivering not just a product but an … Read more
Dell Technologies Inc DELL has implemented workforce reductions as part of its comprehensive cost-cutting strategy, which also encompasses constraints on external hiring and internal employee reorganizations. As of February 2, 2024, Dell’s workforce has decreased to nearly 120,000 employees from about 126,000 the previous year, reflecting these changes. This decision follows a declining demand for personal computers, which has … Read more
Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more
da-kuk Introduction Dell Technologies Inc. (NYSE:DELL), the enterprise hardware giant, and VMware, Inc. (NYSE:VMW), the virtualization specialist, are certainly two interesting companies to consider in the context of capitalizing on the coming artificial intelligence (AI) boom. Compared to stocks like Nvidia Corp. (NVDA), trading at a TTM P/E of nearly 90, shares of DELL and … Read more