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Bank of America Highlights Growing AI Infrastructure Spend for Dell Technologies (DELL) [Yahoo! Finance]

Dell Technologies Inc. Class C (DELL) 
Last dell technologies inc. class c earnings: 2/27 04:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Bank of America Highlights Growing AI Infrastructure Spend for Dell Technologies (DELL) On April 27, Bank of America raised the firm's price recommendation on Dell Technologies Inc. (NYSE:DELL) to $246 from $205. It reiterated a Buy rating on the shares. The analyst said the next phase of AI is agentic. For Dell and Hewlett-Packard Enterprise, that shift is driving higher demand for AI servers and storage, along with their traditional server business. The firm is applying higher valuation multiples to both companies, reflecting expected upside from growing demand across AI infrastructure and core compute. On April 22, Evercore raised its price target on Dell Technologies to $240 from $205 and kept an Outperform rating. This followed Boost Run's announcement of a $1.4 billion purchase agreement with Dell for AI-related infrastructure. The analyst noted that the deal includes both hardware and software, though it did not specify deployment timing. The firm described the agreement a Show less Read more
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