Investors should be eyeing Dell as the company's macro outlook improves and an artificial intelligence opportunity grows, according to Daiwa Capital Markets.
Dell stock has climbed nearly 72% from the start of the year.
DELL YTD mountain Dell stock has climbed 72% from the start of the year.
He noted that the company already has a backlog for AI solutions, including its PowerEdge 9680 server, that extends into 2024.
"It is very encouraging that Dell is seeing material demand now for their AI solutions, specifically their PowerEdge 9680," Miscioscia said.
Persons:
Dell, Louis Miscioscia, Miscioscia, — CNBC's Michael Bloom
Organizations:
Daiwa, Dell, DELL
Locations:
1HCY24