TradingKey – Dell begins trading on September 4 with a completed close of $516.39 and pre-market trading at around $515–quite close to the supplied $515.10. The stock has cleared the $503.67-$504.15 breakout zone following the conclusion of fiscal Q2 and the subsequent major re-evaluation of Dell’s AI opportunity. The bull case has expanded beyond GPU servers to include traditional servers, networking, storage and commercial PCs, while the major risks are still supply and execution, as well as the availability of power.
Q2 Revenue and Earnings Reset Expectations
Dell reported fiscal Q2 revenue of $47.0 billion, an increase of 58% year-over-year. GAAP EPS was $6.34 and non-GAAP EPS was $7.04. Revenue also surpassed the consensus estimate…
