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Shares of Dell Technologies (DELL) have pulled back sharply in recent months, falling more than 29% from their 52-week high even as demand for its artificial intelligence (AI)-optimized servers continues to surge. With the company set to report fourth-quarter results on Feb. 26, does the recent decline represent an opportunity to buy ahead of the earnings print, or is it a warning sign?
Dell has benefited from robust demand for AI servers as enterprises and hyperscalers accelerate spending on data center upgrades to support generative AI workloads. This structural tailwind has translated into strong order activity, supporting Dell’s growth.