Dell CEO: AI Spending Boom Just Getting Started

Despite some speculation about a potential slowdown in AI spending, Michael Dell, CEO of Dell Technologies, believes demand for AI remains strong and is only growing. He points to Dell`s recent earnings as proof, highlighting that the company`s AI server sales doubled in the second quarter. This growth in AI, along with Dell`s focus on managing operating expenses, has led analysts to believe that the company is undervalued by the market. JPMorgan, for example, maintains a "Buy" rating on Dell stock.