NoneDell Technologies ' ( DELL -1.33% ) remarkable stock market rally came to a halt after the company released fiscal 2025 third-quarter results (for the three months ended Nov. 1) on Nov. 26, with shares of the technology giant that's known for its personal computer (PC) and server solutions dropping more than 12% in a single day. It wasn't surprising to see investors pressing the panic button following Dell's results. The stock has delivered outstanding gains so far this year thanks to its improving financial performance. Moreover, Dell's growing artificial intelligence (AI) credentials have led to heightened expectations from the company. So, when Dell failed to deliver the numbers that Wall Street was looking for, the stock dropped big time. However, this looks like an opportunity for savvy investors to buy a solid AI stock on the cheap. Let's look at the reasons why. The PC market is weighing Dell down, but investors shouldn't miss the bigger picture Dell reported fiscal third-quarter revenue of $24.4 billion, an increase of 10% from the year-ago quarter. The company's non-GAAP (adjusted) earnings increased 14% year over year to $2.15 per share. Dell's top line missed the midpoint of its quarterly revenue guidance of $24 billion to $25 billion in revenue by a whisker. Analysts had set the bar even higher and were expecting Dell to deliver $24.7 billion in revenue. However, the company did beat the $2.06 earnings estimate comprehensively. Dell followed up its mixed quarterly numbers with weaker-than-expected guidance. The company is expecting fiscal Q4 revenue to land at $24.5 billion at the midpoint, which would be an increase of 10% from the year-ago quarter. Analysts, however, were looking for $25.6 billion in revenue from Dell. The slower-than-expected recovery in the PC market was a key factor behind Dell's lower-than-expected guidance. PC shipments in the third quarter of 2024 were down 2.4% from the prior-year period, according to market research firm IDC. Dell's shipments were down 4% year over year. This explains why the company's revenue from the client solutions group (CSG), through which it sells desktops, notebooks, workstations, and other PC-related hardware, fell 1% year over year to $12.1 billion. Though Dell's commercial PC revenue increased 3% from the year-ago period to $10.1 billion, slower-than-expected growth in consumer PCs weighed on this segment. Dell points out that the PC refresh cycle has moved into 2025, and that's the reason why its CSG business may take some time to step on the gas. However, Dell is confident of a turnaround in the consumer PC space, pointing out that tailwinds such as "an aging install base, AI-driven hardware enhancements like battery life, and Windows 10 end of life" are likely to inject some momentum into this market. The growing adoption of AI PCs, in particular, is expected to play a key role in this market's turnaround. Gartner estimates that AI PC shipments could increase an impressive 165% in 2025 to 114 million units, accounting for 43% of the overall market. So, there is a good chance that Dell will start witnessing growth in the CSG business next year. At the same time, investors shouldn't forget that the demand for Dell's servers is increasing at an incredible pace thanks to AI. The strong demand for Dell's AI servers led to a 34% year-over-year increase in the company's revenue from the infrastructure solutions group (ISG) business to $11.4 billion. Sales of the company's servers and networking solutions shot up 58% to $7.4 billion. The company sold $2.9 billion worth of AI servers last quarter. More importantly, the demand for those servers was even stronger as it received a record $3.6 billion worth of orders for AI servers last quarter. Dell management also pointed out that its revenue pipeline of AI servers for the next five quarters increased by more than 50% on a sequential basis. Looking ahead, AI servers should continue to move the needle in a significant way for Dell. That's because the market for AI servers is expected to clock an annual growth rate of 30% through 2033, generating an annual revenue of $430 billion at the end of the forecast period. The valuation makes buying Dell stock a no-brainer Dell's latest quarterly results may have evoked mixed emotions among investors, but the discussion above tells us that the company has terrific long-term prospects thanks to the growing adoption of AI in the server and PC markets. That's the reason why buying Dell stock right now looks like a smart thing to do. After all, Dell is trading at 22 times trailing earnings and 14 times forward earnings . Those multiples are lower than the tech-heavy Nasdaq-100 index's 32 times trailing earnings and 29 times forward earnings. As the chart below tells us, Dell is expected to clock healthy double-digit earnings growth going forward. DELL EPS Estimates for Current Fiscal Year data by YCharts It won't be surprising to see the stock sustaining this momentum for a longer period, considering the lucrative AI-related addressable markets that it is serving, which is why investors looking to buy an AI stock right now that's trading at an attractive valuation should take a closer look at Dell before it regains its mojo.
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Raising tuition fees to £9,535 a year passes the cost of national insurance hikes to students and 'won’t touch the sides' of a £100m shortfall, the Senedd heard. Opposition politicians quizzed Wales’ higher education minister after she announced fees for undergraduates will rise by £285 or three per cent to the same level as in England from August 2025. Vikki Howells, who was appointed in September, confirmed tuition fee loans will also rise to up to £9,535, with student support increasing by 1.6 per cent in the 2025/26 academic year. Ms Howells announced an extra £20m for Medr, a public body which was established this year to oversee all post-16 education and research in Wales. During education questions in the Senedd on December 4, Conservative Tom Giffard asked how much the UK Government’s national insurance increase will cost Welsh universities. Estimating the cost at about £20m, Ms Howells said: “The announcement I’ve made today to raise the tuition fee cap in Wales to £9,535 is estimated to cover those costs to universities.” Mr Giffard replied: “What you’ve done minister is offset the cost of a Labour UK policy by increasing tuition fees for students to pay for it.... “Before that announcement about employers’ national insurance, universities estimated that they run a deficit, cumulatively, of about £100m and yet nothing that has happened so far will address that blackhole.” The shadow education secretary said: “Taking those two policies in combination, it’s a zero-sum game ... the thing that students and universities have in common is that they were promised greater support ... and only received greater bills.” He pressed the minister about emergency funding, raising concerns about three years of cuts leaving Welsh universities worse off than counterparts in the UK. He said: “This crisis is real, the university funding crisis is very, very real and it’s immediate – so what are you going to do about it?” Ms Howells said an analysis of higher education fees and funding across the UK found Wales offers the most generous student maintenance support.
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Immigration reforms will ease entry, exit – TinubuThe claim: Marjorie Taylor Greene said ‘Democrats would have a supermajority’ if Congress members had to resign for doing what Matt Gaetz is accused of A Nov. 21 Threads post ( direct link , archive link ) offers a purported comment from a congresswoman about the scale of misconduct by her colleagues. “BREAKING: Marjorie Taylor Greene says if every member of Congress had to resign for doing what Matt Gaetz has been accused of, ‘Democrats would have a supermajority,” the post reads. The post was shared more than 200 times in five days. More from the Fact-Check Team: How we pick and research claims | Email newsletter | Facebook page Our rating: False The claim originated as satire on another social media account. There are no reliable reports of Rep. Marjorie Taylor Greene saying that, although she has insinuated that other members of Congress have had their misconduct covered up. No record of Greene making comment Former Florida Rep. Gaetz’s nomination to become President-elect Donald Trump’s attorney general quickly came to an end as allegations of him using drugs, paying women for sex and having sex with a minor gained national attention. Gaetz has denied the allegations . The claims had been investigated by the House ethics committee, which declined to release its report on Gaetz after he resigned from Congress to pursue the appointment. Greene, a Republican from Georgia, has been an ally of Gaetz in the House, but the post fabricates the quote from her alleging similar improprieties by other members of Congress. The quote appears to have originated with a Nov. 21 post on X from The Halfway Post. On its bio , the account says it provides “Halfway true comedy and satire,” and “I don't report the facts, I improve them.” The Threads post from the same day is an example of what could be called “stolen satire,” where stories written as satire and presented that way originally are captured and reposted in a way that makes them appear to be legitimate news. As a result, readers of the second-generation post are misled, as was the case here. Fact check : Special election will pick Matt Gaetz replacement, not Ron DeSantis Greene has, however, suggested that other members of Congress have covered up misconduct. In a Nov. 19 post on X addressed to her "Republican colleagues in the House and Senate" – when the House ethics committee was still considering releasing the report – she said “all the ethics reports and claims including the one I filed,” should be released, along with “sexual harassment and assault claims that were secretly settled paying off victims with tax payer money.” The post ends with, “If we’re going to dance, let’s all dance in the sunlight. I’ll make sure we do.” However, the specific claim that Democrats would have a supermajority if the reports were so numerous − and possibly lopsided to one political party − that they could flip control of the House is not something she said on social media or in any reports from reliable news outlets. A supermajority is usually defined in Congress as a two-thirds majority. Republicans will have slim majorities in both houses when the next Congress is seated in January.USA TODAY could not reach the social media user who shared the claim for comment. Lead Stories and Snopes also debunked the claim. Our fact-check sources Thank you for supporting our journalism. You can subscribe to our print edition, ad-free app or e-newspaper here . USA TODAY is a verified signatory of the International Fact-Checking Network, which requires a demonstrated commitment to nonpartisanship, fairness and transparency. Our fact-check work is supported in part by a grant from Meta .