What's Going On With Dell Technologies Stock Today?

Dell Technologies Inc DELL shares are moving higher Tuesday. The stock gained Monday on a bullish note from Morgan Stanley. Here’s a look at what you need to know.

What To Know: Dell Technologies stock trended higher for a majority of Monday’s trading session after Morgan Stanley analyst Erik Woodring maintained an Overweight rating and price target of $155.

In a “Money Movers” CNBC interview on Monday, CEO Michael Dell suggested that AI could be one of the biggest technological advancements of all time.

The Dell CEO compared the AI boom to the rise of the internet in the 90s, but noted that AI advancement is happening around 10 times faster. He suggested that the benefits of AI cannot be understated, noting that such is the reason why so many companies are racing to implement AI into existing compute systems.

Dell reported earnings for its fiscal first quarter at the end of May. The stock traded lower immediately following the print as expectations were elevated given the stock’s surge year-to-date.

The company stressed at the time that no one is better positioned to bring AI to the enterprise. Dell also highlighted accelerating orders for its AI-optimized servers and networking products.

See Also: Micron Stock Gets Boost From Wedbush Ahead Of Earnings: ‘Destined To Cycle Higher’

How To Buy DELL Stock

By now you're likely curious about how to participate in the market for Dell – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Dell, which is trading at $152.87 as of publishing time, $100 would buy you 0.65 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

DELL Price Action: Dell shares were up 7.56% at $152.78 at the time of publication, according to Benzinga Pro.

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