Dell Technologies Stock Hits a New All-Time High: Is It Too Late to Buy?

Dell Technologies stock has surged over 320% year-to-date, hitting an all-time high, driven by strong demand for AI servers. Despite the impressive gains, the stock's valuation remains reasonable with a trailing P/E of 31x and forward P/E of 21x (in line with S&P 500 average). The company reported 58% revenue growth and more than tripled net income in its most recent quarter. Analysts suggest the stock could continue rising as businesses invest heavily in AI infrastructure.