Dell Technologies long-term potential

What happened: Jim Cramer, on Mad Money, recommended Dell Technologies (DELL) as a strong buy, citing its 155% gain since March. Analysts at UBS and Bernstein also expressed bullish views, raising price targets to $440 and $500 respectively, indicating potential upside of 12% and 25%.

Market impact: The bullish sentiment pushed DELL stock up, benefiting investors. The increased demand for servers, driven by AI and non-AI adoption, positively impacts DELL's hardware business. Competitors like HP Inc. (HPQ) and International Business Machines (IBM) may face increased pressure.

What to watch next: Dell's Q2 2023 earnings report on August 24 will provide insights into server demand and overall business performance. Additionally, UBS's price target review on September 15 and Bernstein's on November 30 will offer updates on analysts' views.