Goldman Sachs analyst Michael Ng keeps a Buy rating and $140 price target on Dell Technologies (DELL) after its Q2 results but expects the stock to trade lower. The firm was “encouraged” by Dell’s “clear positioning” as an industry leader in AI servers, but the weaker-than-expected ISG – Infrastructure Solutions Group – segment margins heighten concerns about long-term AI server margins, the analyst tells investors in a research note.
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