Dell Escapes Nvidia’s Shadow as Its Own AI Tailwinds Accelerate

Dell Technologies Inc. shares have been acting like market-leader Nvidia Corp. of late, and investors are betting the company will see a similar boost from artificial intelligence.

The maker of personal computers and servers has emerged as one of the biggest winners of the AI boom, and this narrative is likely to be reinforced when it reports its first-quarter results after the close. Confirmation of improving growth prospects could continue to support a stock that’s at a record high while trading at a discount to other tech favorites.

Dell recently generated excitement by unveiling a line of PCs optimized for AI, adding to hopes that such features could prompt a long-awaited upgrade cycle from customers and businesses. HP Inc. on Wednesday reported the first increase in PC sales in two years.

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