Reported 9 months ago
Michael Dell, the founder of Dell Technologies, is planning to sell 10 million shares worth $1.3 billion, representing a small percentage of his total holdings. While such a move might spark concerns among investors, it could simply be a diversification strategy. This comes as Dell's stock price has risen significantly in 2024, driven by the growth in its infrastructure solutions group, while the client solutions group has struggled. However, Dell is poised to tap into the AI-capable PC market, which is projected to see substantial growth in the coming years. Despite mixed performance in its segments, Dell's long-standing industry presence positions it well for the evolving tech landscape.
Source: YAHOO