Dell Technologies has emerged as a significant player in the artificial intelligence (AI) landscape. Despite entering the public market in 1988, the company is undergoing a transformation as a leading contender in the AI server industry. While Dell remains reasonably valued, recent concerns among analysts surround a potential pullback in AI infrastructure spending and inventory build concerns. However, the company’s dividend hike and positive rotation relative to its peers offer a glimmer of optimism. Technical analysis suggests a consolidation pattern in Dell’s stock price, and a potential buying opportunity on a pullback to $124.50.