BofA raised the firm’s price target on Dell Technologies (DELL) to $98 from $82 and keeps a Buy rating on the shares ahead of the company reporting Q4 results after market close on Thursday, February 29. Nvidia (NVDA) recently reported strong data center revenues and spoke of strong AI-related demand that should sustain for years, notes the analyst, who sees continued momentum in Dell’s server business and expects orders continued to grow in Q4.
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