Dell Technologies is a global leader in the technology industry, specializing in developing, selling, repairing, and supporting computers and other electronic devices. Headquartered in Round Rock, Texas, the company has a diverse portfolio that caters to a wide range of customers, from individuals and small businesses to large enterprises and governments.
**Company Overview (as per https://finance.yahoo.com/quote/DELL/profile):**
**Sector/Industry:** Technology/Computer Hardware
**Founded:** 1984 by Michael Dell (as PC's Limited, later renamed Dell Computer Corporation, and finally Dell Technologies in 2016 after acquiring EMC Corporation)
**Headquarters:** Round Rock, Texas, USA
**Key Products/Services:** Personal computers, data storage devices, information security services, network switches, software, and cloud computing services, among others.
**Employees:** Approximately 135,000 (as of the last public update, exact date not specified in the provided source)
**Joining the S&P 500 in 2024:** While the exact reasons for Dell Technologies' inclusion in the S&P 500 in 2024 are not detailed in the provided source, typical criteria for selection into the S&P 500 index include:
**Market Capitalization:** The company must have a market capitalization of $8.2 billion or more (this figure is subject to change and was correct as of the last public S&P Dow Jones Indices update).
**Liquidity:** Must have adequate liquidity, typically measured by the average daily trading volume over a certain period.
**Domicile:** Must be a U.S. company (headquartered in the United States).
**Public Float:** At least 50% of the company's shares must be publicly traded.
**Financial Viability:** Should have at least four consecutive quarters of profitability on a generally accepted accounting principles (GAAP) basis before being considered.
Given Dell Technologies' size, global influence, and financial performance, it's reasonable to infer that the company met these criteria, leading to its inclusion in the S&P 500 in 2024. However, without a direct statement from S&P Dow Jones Indices, the specific rationale remains an informed inference based on standard selection criteria.