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Shares of Dell Technologies (DELL) are down 47% from their high of $179.70. While the stock has lost substantial value, the company’s fundamentals remain solid, with its earnings growing at a compound annual growth rate (CAGR) of 10% since fiscal 2021. Further, Dell is poised to benefit from artificial intelligence (AI)-driven demand for its high-performance computing solutions, as seen in its increasing AI-driven shipments and backlog.
In this context, let’s explore Dell’s future growth prospects and valuation to determine whether its stock is currently undervalued.