Dell has been on fire this year. Why UBS is downgrading the PC maker

Dell Technologies stock is likely to lose steam as demand for its servers tied to artificial intelligence appears to be fully baked in, according to UBS. The investment bank downgraded the hardware name to neutral from buy. It raised its price target on shares to $243 from $167, suggesting roughly 7% downside from Friday's close. "Accelerating AI server demand [is] largely priced in," analyst David Vogt said Sunday in a note to clients. …