$Dell Technologies Inc.(DELL)$ Last earnings it surged $150 in two days, then immediately reversed. This time there's been consolidation over several days instead. The fact that it held 530 is a good sign.
Evercore ISI took Dell Technologies off its Tactical Outperform list after the strong July-quarter results and higher guidance, but the firm is keeping its bullish long-term view intact. Dell stays a top pick there with an Outperform rating and a $575 price target. Revenue came in at $47 billion with EPS of $7.04, well ahead of the $44.9 billion and $4.91 estimates. Revenue was up 58% year over year, helped by a 122% jump in traditional servers and networking, 100% growth in AI servers, 26% growth in storage, and 20% growth in CSG. AI server revenue hit $16.4 billion, and AI server orders climbed to $61 billion, pushing the AI backlog to roughly $95 billion and giving better visibility into future growth. Evercore noted the results show demand broadening beyond cloud AI infrastructure into
$SpaceX(SPCX)$ Institutional investing in SPCX is off the charts. This isn't the kind of stock you want to be short when institutions are scrambling to accumulate every available share. Long SPCX is where I want to be.
$SK hynix(SKHY)$ 50 MA is above the 100 MA on the South Korean side. That looks like a super bullish confirmation. If it moves with the 50 MA, could it crack above that 1,850,000 level? Worth watching.
$SpaceX(SPCX)$ SpaceX builds rockets. Bears build excuses. While they debate every dip, SpaceX keeps launching, expanding, and executing. You can argue with the valuation. You can't argue with the trajectory. The future doesn't wait for bears to get comfortable.