|Bid||98.04 x 1000|
|Ask||98.09 x 1800|
|Day's Range||97.71 - 98.85|
|52 Week Range||37.20 - 98.85|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||23.33|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
DELL vs. DT: Which Stock Is the Better Value Option?
Dell Technologies Inc’s (NYSE: DELL) Michael S. Dell expects the semiconductor chip crisis to extend for several years despite the construction of global factories, Reuters reports based on a statement to Germany’s Handelsblatt newspaper. The crisis will loom for older and cheaper semiconductors, especially those available at the one-dollar range used practically everywhere. He also expressed concerns over the availability of newer technologies. The pandemic-induced demand surge for electronic gadgets triggered a chip crisis for items ranging from cars to computers and smartphones. Dell has to pay a premium to secure supply despite accounting for an annual order volume of $70 billion. Intel Corp (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) also estimate the crisis to extend beyond 2021. Other companies expressing concerns over the crisis include Qualcomm Inc (NASDAQ: QCOM) for its smartphone and gadget processor chips, Germany’s Robert Bosch GmbH, AutoNation Inc (NYSE: AN) due to the lack of crisis resolution. Price action: DELL shares closed lower by 1.37% at $99.68 on Monday. See more from BenzingaClick here for options trades from BenzingaDell To Sell iPaaS Provider Boomi For B© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies told Germany's Handelsblatt newspaper. A surge in demand for electronic devices, coupled with U.S. sanctions against Chinese technology firms, has caused a dearth of the chips, crimping output of items ranging from cars to computers and smartphones. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday.