JPMorgan: If supply constraints are eliminated, Dell may raise its expectations again

JPMorgan analysts stated in their report that Dell is expected to see sales decrease by $10 billion in the second half of the year compared to the first half, due to limited supply visibility rather than demand issues. They believe supply visibility has the potential to improve, and Dell has already demonstrated this possibility, as the company has a strong track record of leveraging its scale to deliver ahead of competitors. JPMorgan analysts said that demand currently appears to be indisputable. They noted that the company has strong underlying business and backlog orders across various sectors, which leads them to believe that demand overdraw will not become a major issue this year. The stock rose 32% to $419.27.