Latest news with #AmitDaryanani
Yahoo
4 hours ago
- Business
- Yahoo
Applied Digital & CoreWeave, Dell, solar stocks: Trending Tickers
Applied Digital (APLD) announced a $7 billion deal with CoreWeave (CRWV), securing long-term lease agreements for AI data centers. Dell Technologies (DELL) and CDW (CDW) shares slip on a Wall Street Journal report that the White House is cutting down on employing tech contractors on the federal level. Energy stocks, such as First Solar (FSLR), Sunrun (RUN), and Plug Power (PLUG), are seeing declines after the US Department of Energy announced it will be canceling $3.7 billion worth of taxpayer funding for clean energy projects To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Now time for some of today's trending tickers. We're checking in on shares of Applied Digital, Dell, as well as some solar and hydrogen stocks getting hit today. First up, we've got Applied Digital. Those shares soaring today after it announced two long-term lease agreements with CoreWeave. Now, those leases span about 15 years. Applied Digital expects it to generate around $7 billion in total revenue over that period of time here. Um, and Applied Digital has been converting itself to a data center real estate investment trust. So this is part of that, uh, process. This deal is part of that. Um, and obviously, there's still been, as we were just discussing, still big demand for data centers. Yeah. See, analysts at Needham cited saying, "This is a good deal to get cash coming in." A lot of love for Applied Digital by the way in the street. Here's something you don't see too often, Julie. There's nothing but buys on this name. Got nine buys, zero holds, zero sells. Maybe it's bullish, or maybe it's a contrarian indicator. I don't know. Take your pick, Julie. Stock has already had a nice run this year. Up around 30%, up around 160% over the past 12 months on this one. And, and also, you know, I mentioned that they signed the deal with CoreWeave. CoreWeave shares are trading higher as well, um, in today's session. Now, recall they went public just in March at $40 a share. CoreWeave today, as I squint, 118.50 or so. So not a bad little return on the CoreWeave. No, for sure. Shares of Dell sinking today, meanwhile, after a report that the General Services Administration contacted 10 technology providers Wednesday, including Dell, asking executives to justify their work and find areas to cut. This is according to The Wall Street Journal. So, you saw CDW and Dell, they were under pressure both in today's trading. It was off that journal report from this GSA apparently sending this letter, listen, to these providers. Ask them, "Listen, justify your work. Find areas where you can cut costs for the US government." I did see some analysts weighing in though on, on at least some of these moves. For example, I did see team at Evercore, that's Amit Daryanani. He weighed in telling his clients about CDW, at least specifically, saying he, he thought that stock reaction overblown. He said in fact, "Limited exposure to the federal government. We don't expect CDW to lose all of its fed business." They remain outperform on that one. Yeah, it's been really interesting to see these cuts make their way across companies. Accenture was hit, Booz Allen Hamilton, which is a huge government contractor, gets most of its revenue from the government, um, affected by that as well. And I was really struck by the tally that was in the journal article. They say since January, the federal government has canceled 11,297 contracts across 60 agencies. That's gotten them $33 billion in savings. There you go. Um, also speaking of government hitting stocks, we've got solar and hydrogen power stocks like Sunrun for solar, Plug Power. They're all lower today. That's after the Energy Department canceled over 3 and a half billion dollars worth of grants for clean energy and climate projects. And this coming in an announcement from US Energy Secretary Chris Wright, he said 24 awards were being canceled there. Um, and many of them were signed between Election Day and January 20th, according to his order. Almost 70% of those were signed at that point in time. Presumably, the intimation here is that they were being rushed to sign them before, um, Trump took office in order to sort of lock them in. And now the Energy Department's reversing them. Yeah, there was a good meaty piece in the journal about this too, which was sort of just delving into, looking broadly, the different sub sectors and verticals, how in, in this industry, how they're having to navigate just so many moving parts right now with policy changes and tariffs and import restrictions. You know, previous administration that was sending billions and this new financial chapter here without as much public support. Yeah. And it's interesting because, you know, the all the CapEx that we have been talking about from large cap tech, they are still putting money into some of these solar projects because they need the power for their data centers. Nuclear's not up and running yet for, for those projects. You know, yes, they can get natural gas powered, uh, projects, but it's really hard to get new turbines right now. If you haven't ordered one, it's tough to get them. So, you know, solar is still an alternative for those companies. So we'll see how it works out. I wonder as this public support changes, Julie, does, does more building shift also to different countries, different regions, right? It might. Yeah. I mean, the incentivization is different, like in Europe for example, certainly than it is here. Sign in to access your portfolio
Globe and Mail
3 days ago
- Business
- Globe and Mail
DELL Stock Slides despite Praise from Wall Street
Yesterday, Dell Technologies (DELL) reported strong revenue results and provided a positive outlook, which suggests that the company is handling tariff issues effectively and increasing its share of the AI market. However, shares of the tech company are down at the time of writing. This is despite also receiving analyst praise for its performance and ability to benefit from increased AI spending in a tough economic environment. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Indeed, five-star Evercore ISI analyst Amit Daryanani, who rates Dell as Outperform with a $140 price target, said that Dell managed to limit the impact of tariffs and kept prices stable, unlike some of its competitors. He also pointed out that Dell's AI server business is growing fast, as its backlog increased by $5 billion from the previous quarter to $14.4 billion. As a result, he believes that customers are willing to pay more for Dell's strong supply chain and better execution, which should help the company gain market share even as a premium provider. Separately, five-star Wells Fargo analyst Aaron Rakers also kept an Overweight rating and a $150 price target on the stock. He said that Dell's results and outlook support the idea that the company is well-positioned for Nvidia's (NVDA) upcoming Blackwell chip cycle. Rakers also noted that Dell is handling its supply chain well, benefiting from a wave of commercial PC upgrades, and generating healthy free cash flow, which it is using to give money back to shareholders. Is DELL Stock a Buy? Overall, analysts have a Strong Buy consensus rating on DELL stock based on 10 Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average DELL price target of $134.55 per share implies 20% upside potential.
Yahoo
5 days ago
- Business
- Yahoo
How To Earn $500 A Month From Dell Stock Ahead Of Q1 Earnings
Dell Technologies Inc. (NYSE:DELL) will release its first-quarter earnings results after the closing bell on Thursday, May 29. Analysts expect the Texas-based company to report quarterly earnings at $1.69 per share, up from $1.27 per share in the year-ago period. According to data from Benzinga Pro, Dell projects quarterly revenue at $23.19 billion, compared to $22.24 billion a year earlier. On May 23, Evercore ISI Group analyst Amit Daryanani maintained Dell with an Outperform rating and raised the price target from $120 to $140. With the recent buzz around Dell, some investors may be eyeing potential gains from the company's dividends too. As of now, Dell offers an annual dividend yield of 1.85%, which is a quarterly dividend amount of 53 cents per share ($2.10 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $325,041 or around 2,857 shares. For a more modest $100 per month or $1,200 per year, you would need $64,963 or around 571 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.10 in this case). So, $6,000 / $2.10 = 2,857 ($500 per month), and $1,200 / $2.10 = 571 shares ($100 per month). View more earnings on DELL Note that dividend yield can change on a rolling basis, as the dividend payment and stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. DELL Price Action: Shares of Dell fell 0.2% to close at $113.77 on More: Photo: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? DELL TECHNOLOGIES (DELL): Free Stock Analysis Report This article How To Earn $500 A Month From Dell Stock Ahead Of Q1 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Vertiv (VRT) Could Be the Biggest Winner of the AI Data Center Boom
We recently published a list of . In this article, we are going to take a look at where Vertiv Holdings Co (NYSE:VRT) stands against other AI stocks that are on analyst's radar today. On May 27, Evercore ISI analyst Amit Daryanani raised the firm's price target on Vertiv Holdings Co (NYSE:VRT) to $150 from $100 and kept an 'Outperform' rating on the shares. Vertiv Holdings Co (NYSE:VRT) offers digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. According to the firm, Vertiv appears to be a strong option for investors who wish to benefit from the growth in artificial intelligence data centers, including hyperscale facilities. With data centers growing more complex by the minute, Vertiv's services are very likely to become critical to their operation. This is why the firm believes that Vertiv's stock 'looks like a compelling way for investors to play secular trends related to AI data centers' and is 'the best-positioned company to benefit from the AI tailwinds' on the data center physical infrastructure side. A close-up of a group of technicians working on complex data center systems. Vertiv Holdings Co (NYSE:VRT) is seen as a comprehensive provider based on its capabilities in liquid cooling, servicing, and lifecycle management. The transition towards liquid cooling is likely to result in growth for Vertiv. Meanwhile, the company is also recognized for its opportunities in power management. This is especially true now that AI data centers are demanding more equipment and shifting towards higher voltage infrastructure. The firm expects integrated systems and modular solutions to bring sustained leverage and margin expansion. Overall, VRT ranks 6th on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of VRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Arista, Cisco Poised to Dominate AI Switch Market
Arista Networks (NYSE:ANET) and Cisco Systems (NASDAQ:CSCO) stand to gain most from the $29 billion AI switch market by 2029, Evercore ISI says. Warning! GuruFocus has detected 2 Warning Sign with ANET. Back-end network switching for AI is set to grow from $6.3 billion in 2024 to $29 billion by 2029, with hyperscalers driving $17.6 billion of that demand. Evercore's Amit Daryanani estimates Arista could add $7 billion in revenue and over $2.00 in EPS by hitting market-share targetsroughly matching its 2024 run ratewhile Cisco could tack on $3.5 billion in revenue and $0.25 in EPS. Ethernet is forecast to capture the lion's share of growth, potentially up to 90%, as AI clusters at Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) scale out. Daryanani notes that traditional data-center switches won't cut it for AI workloads, and that large enterprises will lean on model-as-a-service rather than build full clusters in-house. He also flags upside for Celestica (NYSE:CLS) and NVIDIA (NASDAQ:NVDA) in supporting components and InfiniBand alternatives. Investors should care because Arista's and Cisco's AI-centric networking strength could drive outsized revenue and profit growth well beyond the broader IT spending cycle. This article first appeared on GuruFocus.
