Surging by 70%, can Dell achieve a second takeoff with AI?
@Value_investing:
Dell is on fire again, with its stock price surging by 21.25% last Friday, reaching a historic high, and a total annual gain of up to 70%!What happened?Last Thursday after the market closed, Dell released its second-quarter earnings for the 2024 fiscal year (covering the three-month period ending on August 4th), with revenue and net profit significantly surpassing analyst expectations:Among these, second-quarter revenue was $22.9 billion, down 13.2% year-on-year, surpassing analyst expectations of $21 billion: Breaking it down by business segments, the Client Solutions Group (including branded hardware like desktops and laptops, as well as peripherals like monitors and projectors) reported revenue of $12.94 billion in the second quarter, down 16.4% year-over-year; Servers and Networki