Multinational technology company selling PCs, servers, storage, and IT infrastructure solutions.Yahoo Finance ↗dell.com ↗
1 take · first discussed May 31, 2024
Every call, plotted at the price the day they made it.
Among the hosts, only Friedberg offers a view on Dell Technologies, expressing medium-conviction bullishness as of May 2024. He argues that the market's after-hours sell-off was an overreaction, and that Dell is structurally well-placed as a "picks-and-shovels" data-center provider to benefit from the broader AI infrastructure build-out. He acknowledges near-term margin pressure stemming from higher AI-related costs but sees this as secondary to the long-term positioning. With no other hosts weighing in, there is no consensus or disagreement to note beyond Friedberg's individual stance.
Friedberg views Dell's after-hours drop as overdone, arguing that as a picks-and-shovels data-center provider it is structurally well-positioned to benefit from the AI infrastructure build-out despite near-term margin pressure from higher AI-related COGS.
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