Multinational technology company selling PCs, servers, storage, and IT infrastructure solutions.Yahoo Finance ↗dell.com ↗
1 take · first discussed May 31, 2024
Commentary only — they've discussed this name but haven't made a call on it, so we don't attribute any call return to it. The stock's price chart and the takes are below.
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Among the hosts, only Friedberg offered a view on Dell Technologies, expressing a low-conviction bullish stance as of May 2024. He argued that Dell's after-hours stock drop overstated the actual risk to the business, given that Dell is a "pick-and-shovels" data center supplier that stands to structurally benefit from AI infrastructure spending. No other hosts provided a thesis, so there is no agreement or disagreement to note across the group.
Friedberg sees Dell's after-hours 20% drop as a temporary AI-spending cost headwind, but views the company as a well-positioned 'picks and shovels' beneficiary of AI data center buildout that will ultimately do well.
Dell is a unique example in the sense that I actually think it's a beneficiary of spend. And I think that it will build data centers and it will actually do well in the move to AI because it's a very smartly positioned pick and shovels”1:38:54