Dell stock jumps after being named new top pick at JPMorgan
)' shares have risen more than 2% premarket Thursday after JPMorgan analysts named it a new top pick, highlighting the company's potential for significant long-term growth, particularly in the AI server market and traditional infrastructure.
"The AI Server revenue opportunity remains large," the analysts noted, adding that estimates related to the AI server total addressable market are likely to increase as cloud capital expenditure forecasts are revised higher. While AI PCs are not yet a major driver of market expansion, the investment bank feels they could contribute to near-term revenue growth through increased volumes and pricing.
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