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Analyst maintains Buy on DELL with $165 price target, expects strong AI server sales and EPS growth, potential for $19+ EPS by 2030.

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Hon Hai Precision Industry (Foxconn) recorded a 27% surge in profit in the Q2 period that ended in June. It acknowledged that the growth came from accelerating sales in its key AI server venture.

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Foxconn expects strong year-on-year revenue growth in the third quarter, with AI server sales projected to surge more than 170% from a year earlier.