Alger Growth & Income Fund on Dell Technologies Inc.
Thesis
Alger views Dell as an important enabler of the AI infrastructure buildout because enterprises and cloud customers need more computing capacity for increasingly complex workloads. The fund believes Dell's scale, customer reach and broad infrastructure portfolio position it to benefit from AI demand while traditional servers, networking, storage and PCs provide additional support. Strong operating results, raised revenue and earnings guidance and a higher AI-server revenue target reinforced the thesis.
“We believe Dell’s scale, customer reach, and broad infrastructure portfolio helped the company benefit from AI infrastructure demand”