Dell Technologies (DELL) Touted as Stock to Own for Decades After 100% Surge; Qualcomm (QCOM), Dave & Buster’s (PLAY) Lag

Dell Technologies (NYSE: DELL) shares have soared 100% over the past month to $420.63, leading analysts to label it a long-term winner, while rallies in Qualcomm and Dave & Buster’s are deemed unsustainable. Qualcomm (NASDAQ: QCOM), up 41.7% to $250.85, trades at 24.9 times forward earnings, a valuation the report flags as a shortcoming. Dave & Buster’s (NASDAQ: PLAY) advanced 17.7% to $13.69, with an 8.3x forward EV-to-EBITDA ratio cited as underperforming. In contrast, Dell’s 17.4x forward price-to-earnings multiple is viewed as attractive, supported by its diversified IT infrastructure business that spans hardware, software and services. The analysis, published June 1, 2026, advises investors to avoid the short-term momentum in Qualcomm and Dave & Buster’s while accumulating Dell for long-term gains.