Dell Technologies Inc. shares have been acting like market-leader Nvidia Corp. of late, and investors are betting the company will see a similar boost from artificial intelligence.
“Both the PC and the server businesses will drive growth in coming years, and that’s supportive of both the stock and the multiple. We really see it as both a growth and a value play, since the growth story is still under-appreciated and the multiple is very low relative to other AI plays.” The S&P 500 is rebalanced quarterly, with the next scheduled to occur in June. Becoming a component would open Dell up to a new universe of investors who use the S&P 500 as their benchmark, as well as flows into passive funds that track the index.
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