Dell Technologies (DELL) has spent years being dismissed as an old PC company in a new AI world. Wall Street was wrong.
This is not a hardware cyclical having a good quarter. This is a company that has quietly positioned itself as the infrastructure backbone for the global AI buildout, and the numbers are starting to show it.
The stock closed near $461 on Monday. It is up more than 330% from its 52-week low of $106.38. With a $302 billion market cap and analyst targets climbing fast, the question is no longer whether Dell belongs in the AI conversation. The question is how far it runs from here.
This post originally appeared at Money Morning.