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Shares of Dell Technologies (DELL) have experienced impressive growth, significantly outperforming the broader market over the past year. The stock has surged over 88%, well ahead of the S&P 500 Index’s ($SPX) 35.9% gain, driven mainly by the company’s growing share in the thriving artificial intelligence (AI) server market.
While DELL stock has outperformed the broader markets, the key question is whether this momentum will persist. Let’s delve into the factors supporting Dell’s growth, and assess the sustainability of its stock performance.