Aureus Asset Management LLC v 1. čtvrtletí koupila nový podíl v Dell Technologies, a to 11 186 akcií za zhruba 1,836 milionu USD. Institucionální investoři drží 76,37 % akcií společnosti.
Aureus Asset Management LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,186 shares of the technology company’s stock, valued at approximately $1,836,000.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Dell Technologies by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after buying an additional 1,355,841 shares during the period. State Street Corp boosted its stake in Dell Technologies by 1.8% in the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock valued at $1,852,450,000 after acquiring an additional 265,740 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dell Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock worth $939,808,000 after acquiring an additional 108,011 shares during the period. Invesco Ltd. grew its holdings in Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after acquiring an additional 2,445,854 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Dell Technologies by 24.6% during the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company’s stock valued at $694,489,000 after acquiring an additional 1,090,336 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.
Trending Headlines about Dell Technologies Here are the key news stories impacting Dell Technologies this week:
Positive Sentiment: Super Micro Computer reported more than $60 billion in new orders and gross margins well above expectations, signaling that AI server demand remains exceptionally strong and lifting Dell along with other AI hardware peers. Stock Market Today, July 22: Super Micro Computer Surges on Record Q4 Orders and Surprise Margin Beat Positive Sentiment: Wall Street commentary suggested Dell could be one of the next winners from the AI buildout, with traders treating Dell, Super Micro, and Hewlett Packard Enterprise as a group trade on server demand. Dell Stock Surges as Super Micro Signals Strong New Order Growth Positive Sentiment: Recent coverage highlighted Dell’s AI infrastructure business as a major growth driver, reinforcing investor expectations that the company is benefiting from the broader AI hardware cycle. Dell: AI Infrastructure Drives Massive Growth Neutral Sentiment: Analyst and media coverage also pointed to Dell’s recent earnings strength and elevated guidance, but these were already known to investors and are more of a background support than a fresh catalyst. Dell Technologies stock and earnings background Insider Activity at Dell Technologies In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the sale, the director owned 24,287 shares of the company’s stock, valued at $11,123,203.13. This represents a 88.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the sale, the director owned 36,659 shares in the company, valued at approximately $16,789,455.41. The trade was a 82.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,434,758 shares of company stock valued at $1,448,870,683 in the last quarter. Corporate insiders own 41.50% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts recently commented on DELL shares. Bank of America lifted their price objective on Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Wolfe Research cut Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Piper Sandler boosted their target price on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. UBS Group set a $700.00 price target on Dell Technologies in a research note on Friday, May 29th. Finally, Daiwa Securities Group lifted their price objective on shares of Dell Technologies from $170.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $492.76.
Get Our Latest Report on Dell Technologies
Dell Technologies Trading Up 9.3% NYSE:DELL opened at $441.81 on Thursday. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $469.47. The stock has a 50-day moving average price of $382.63 and a two-hundred day moving average price of $235.36. The stock has a market cap of $286.34 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 0.86 and a beta of 1.31.
Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the firm posted $1.55 earnings per share. Dell Technologies’s revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 17.77 earnings per share for the current year.
Dell Technologies Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s payout ratio is presently 20.02%.
Dell Technologies Profile (Free Report)
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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Dell uvádí, že tržby z AI serverů rostou meziročně o více než 700 % a EPS má v tomto čtvrtletí vzrůst o více než 100 %. Společnost tak těží z rozmachu AI infrastruktury.
Key Takeaways Dell's AI server sales are growing 700% YoY.EPS is projected to double this quarter.Dell shares are forming a classic high-tight-flag pattern. Dell Technologies Company OverviewZacks Rank #1 (Strong Buy) stock Dell Technologies ((DELL - Free Report) ) is a leading provider of servers, storage, and PCs. The Round Rock, Texas-based company is a leader in the traditional PC space. However, over the past few years, Dell has transformed into a primary enterprise hardware vendor providing the “picks and shovels” needed for the massive global AI infrastructure buildout. Dell operates in more than 150 countries and reported over $100 billion in annual revenue last year.
Dell: An AI Infrastructure JuggernautDell’s fastest-growing business is its AI-optimized server segment, which is experiencing mind-boggling year-over-year growth of more than 700%! Dell’s AI servers are ultra-high-performance computers designed to process immense quantities of information at once. Unlike standard computers that can only handle one or two tasks simultaneously, these specialized servers can handle millions of complex math problems simultaneously. These AI servers perform the two most important AI tasks: training (feeding the AI massive quantities of data) and inference (hosting the AI so customers can use it).
Dell separates itself from competitors through its “plug-and-play” service. Instead of selling individual products to customers, Dell combines the chips, software, and power systems so clients receive a complete AI rack ready to use immediately. Dell’s expanding ecosystem supports a fuller stack for customers that want to run AI on infrastructure they control. Management recently highlighted partners including NVIDIA ((NVDA - Free Report) ), Google ((GOOGL - Free Report) ) Cloud, OpenAI, Palantir ((PLTR - Free Report) ), ServiceNow ((NOW - Free Report) ), and others.
The AI Buildout is Not Slowing Tuesday, Super Micro Computer ((SMCI - Free Report) ), a direct Dell competitor, trounced earnings and guided for gross margins to nearly double from ~8.8% to 15-17%. The news suggests that Dell, which has much higher margins than SMCI, will be able to increase those margins further in the coming quarters. Separately, Dell customer OpenAI raised its projected compute spending through 2030 to ~$750B from $600B earlier this year.
Dell’s Scorching-Hot GrowthDell is growing earnings at a rapid clip. Zacks Consensus Estimates suggest that the company’s EPS will more than double in the current quarter and will grow ~66% in 2026.
Image Source: Zacks Investment Research
Meanwhile, Dell has proven an ability to deliver positive EPS surprises in recent quarters. For instance, last quarter, Dell beat consensus estimates by a juicy 59.87%.
Image Source: Zacks Investment Research
Dell Sets Up High Tight FlagDELL shares are set up in a classic high tight flag pattern. An HTF occurs when a stock doubles in 8 weeks or less then corrects no more than 20%.
Image Source: TradingView
Bottom Line
Dell has successfully evolved from a traditional PC manufacturer to a hardware leader in the global AI buildout. With massive earnings growth, expanding partnerships, and a unique “plug-and-play” service, Dell’s bullish trajectory is likely to continue.
Akcie společnosti Dell ve středu vzrostly o 9 % po silné předběžné aktualizaci společnosti Super Micro Computer, která posílila očekávání dalšího utrácení za AI infrastrukturu.
Dell Technologies Inc. DELL shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure.
The rally followed Super Micro's announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to a record high.
The update lifted sentiment across AI hardware stocks as investors viewed the results as evidence of sustained demand from enterprise customers and hyperscale cloud providers.
Dell and Super Micro both assemble Nvidia graphics processing units into AI server racks, making Dell one of the companies expected to benefit from continued investment in AI infrastructure.
Investor optimism spread across the server hardware sector after Super Micro reported record order activity despite guiding revenue toward the lower end of its previously announced fourth-quarter range of $11 billion to $12.5 billion.
The company's outlook for gross margins, however, exceeded expectations, with projected margins of between 15% and 17%, well above previous guidance.
The strong order intake overshadowed the softer revenue outlook and suggested that demand for AI servers remains robust.
The update provided a positive read-through for companies supplying AI infrastructure, including Dell, which has positioned itself as a major provider of enterprise AI servers powered by Nvidia chips.
Dell has already reported an AI backlog of $51.3 billion, representing 85.5% of its annual sales target.
The company also said first-quarter fiscal 2027 AI-optimized server revenue reached $16.1 billion, a 757% increase from a year earlier, contributing to total quarterly revenue of $43.8 billion.
The company serves more than 5,000 active AI customers.
Analysts remain optimistic ahead of earningsWall Street analysts continue to maintain positive expectations for Dell as demand for AI computing infrastructure expands.
Evercore ISI recently raised its price target on Dell to $500 while maintaining an Outperform rating, citing confidence in the company's position within the AI infrastructure market.
JPMorgan also increased its target price to $550 and reiterated its Overweight rating.
Morgan Stanley lifted its target to $477, pointing to continued enterprise server demand driven by AI infrastructure spending, compute shortages and hardware refresh cycles.
The broader analyst consensus price target stands near $503, above Dell's recent share price.
According to Fiscal.ai estimates, analysts expect Dell to report revenue of $44.39 billion for the quarter ending July 2026, representing nearly 50% year-over-year growth.
Earnings per share are projected to reach $4.90, compared with $2.32 during the same period a year earlier.
Technical picture remains constructiveDell shares continue to trade above their major moving averages, reflecting a strong longer-term trend.
The stock remains approximately 5.2% above its 20-day simple moving average and nearly 17% above its 50-day moving average. It also trades well above its 200-day moving average, with the bullish golden cross formed earlier this year remaining intact.
Momentum indicators suggest that upside momentum has moderated.
The moving average convergence divergence indicator remains below its signal line, indicating that while the broader trend remains positive, the pace of gains has slowed.
Key technical levels include resistance around $463.50 and support near $378.50, an area that aligns closely with the 50-day moving average and may serve as an important level for investors monitoring the stock's trend.
Andra AP fonden v 1. čtvrtletí zvýšil podíl v Dell Technologies o 90,8 % na 74 268 akcií po nákupu dalších 35 335 kusů. Hodnota podílu činila 12,19 milionu USD.
Andra AP fonden lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 90.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,268 shares of the technology company’s stock after buying an additional 35,335 shares during the period. Andra AP fonden’s holdings in Dell Technologies were worth $12,190,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of DELL. Cassaday & Co Wealth Management LLC acquired a new position in Dell Technologies during the 1st quarter worth about $169,000. MWA Asset Management raised its holdings in Dell Technologies by 1.8% during the 1st quarter. MWA Asset Management now owns 23,533 shares of the technology company’s stock worth $3,862,000 after purchasing an additional 409 shares during the last quarter. Convergence Investment Partners LLC raised its holdings in Dell Technologies by 237.5% during the 1st quarter. Convergence Investment Partners LLC now owns 44,982 shares of the technology company’s stock worth $7,383,000 after purchasing an additional 31,653 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $1,018,000. Finally, Alta Advisers Ltd bought a new stake in shares of Dell Technologies in the 1st quarter valued at $202,000. Institutional investors and hedge funds own 76.37% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts recently commented on the company. Argus raised their target price on Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Guggenheim upgraded Dell Technologies to a “buy” rating in a report on Monday, June 1st. Loop Capital raised their price objective on shares of Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, UBS Group set a $700.00 target price on shares of Dell Technologies in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $492.76.
Check Out Our Latest Analysis on Dell Technologies
Trending Headlines about Dell Technologies Here are the key news stories impacting Dell Technologies this week:
Positive Sentiment: Shares moved higher after Super Micro Computer’s preliminary results showed booming margins and strong orders, which traders viewed as a positive read-through for Dell’s AI server demand. Super Micro Soars Late On Booming Margins, Orders; Dell, HP Enterprise Also Rally Positive Sentiment: Market commentary from Jim Cramer flagged Dell as a likely next winner after SMCI’s results, reinforcing the bullish AI-demand narrative around Dell Technologies. QUICK SPARK: Jim Cramer Flags Dell as the Next Winner After SMCI Preliminary Results Positive Sentiment: Analysts and market reports noted Dell was rallying alongside other AI hardware names as the Nasdaq rebounded, suggesting broad sector strength is helping support the stock. Super Micro Jumps 6%, Dell Climbs 7%, HPE Rises 5% as AI Hardware Rebounds With the Nasdaq Neutral Sentiment: Several articles highlighted Dell as a trending AI-PC and enterprise hardware stock, but these pieces were more commentary than fresh company-specific catalysts. Dell Technologies Inc. (DELL) Is a Trending Stock: Facts to Know Before Betting on It Negative Sentiment: Dell also saw a prior-day pullback, with reports saying the stock underperformed the broader market, which may have set up the stronger rebound seen today. Here’s Why Dell Technologies (DELL) Fell More Than Broader Market Insider Activity In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the transaction, the director directly owned 24,287 shares of the company’s stock, valued at $11,123,203.13. This represents a 88.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the sale, the director owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. The trade was a 82.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,434,758 shares of company stock valued at $1,448,870,683. 41.50% of the stock is owned by company insiders.
Dell Technologies Trading Up 5.7% Shares of NYSE:DELL opened at $403.55 on Wednesday. The stock has a market cap of $261.54 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.82 and a beta of 1.31. The stock’s fifty day simple moving average is $378.67 and its two-hundred day simple moving average is $233.13. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47.
Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the prior year, the firm posted $1.55 EPS. The firm’s quarterly revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.
Dell Technologies Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies’s dividend payout ratio is presently 20.02%.
About Dell Technologies (Free Report)
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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Key Takeaways Lenovo tops Dell, with price appreciation, valuation and analyst sentiment giving it the edge.Lenovo's $21B-plus AI server pipeline and enterprise AI expansion support long-term growth.Dell raised fiscal 2027 revenue guidance to $165-$169B and expects about $60B in AI server revenues. The microcomputer space is being driven by AI-enabled PCs, enterprise device refresh cycles, and the growing adoption of hybrid work. Rising demand for high-performance computing, cloud-connected workflows, and enhanced cybersecurity is accelerating hardware upgrades.
Advancements in processors, on-device AI capabilities, and energy-efficient architectures are supporting premiumization, while the approaching end of support for older operating systems is expected to further stimulate commercial PC replacement demand.
Against this backdrop, let’s assess which company offers stronger long-term growth prospects — Lenovo Group (LNVGY - Free Report) or Dell Technologies (DELL - Free Report) . Lenovo Group is a global technology leader with a diversified presence across PCs, enterprise infrastructure and intelligent solutions. Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud.
The Case for LNVGYLenovo Group remains one of the world’s largest PC manufacturers, but its evolution into a diversified technology company is strengthening its long-term growth prospects. Expansion into higher-margin areas such as AI infrastructure, hybrid cloud, enterprise services and AI-enabled devices is reducing its reliance on the cyclical PC market and creating multiple earnings drivers.
The Intelligent Devices Group remains a dependable cash generator, supported by commercial PC replacement cycles, premium-device demand and growing AI PC adoption. Meanwhile, the Infrastructure Solutions Group is becoming an important growth engine as demand rises for AI servers, data-center infrastructure and high-performance computing. An AI server pipeline exceeding $21 billion provides strong revenue visibility.
Lenovo is also expanding its enterprise AI capabilities. Its Hybrid AI Advantage solutions, developed with NVIDIA, help enterprises deploy scalable, real-time AI inferencing across cloud and on-premise environments. The acquisition of Infinidat further strengthens Lenovo’s high-end enterprise storage portfolio, creating opportunities for revenue growth and margin improvement.
The company’s broad presence across Asia, Europe and the Americas limits dependence on any single region, while established relationships with enterprises, governments and channel partners reinforce its competitive position.
As Lenovo works toward becoming a full-stack AI leader, continued investment in Personal AI and Enterprise AI should support sustainable growth. Disciplined cost control, healthy cash generation, a prudent balance sheet and consistent dividend payments also position the company to fund innovation while delivering long-term shareholder value.
The Case for DELLDell benefits from a diversified portfolio spanning servers, storage, networking, PCs, and IT services, providing resilience across business cycles. Dell Technologies is seeing demand for AI servers stay ahead of supply as customers accelerate deployments and lock in capacity. A key growth driver is Dell's position as a leading supplier of AI-optimized servers, supported by demand for accelerated computing and partnerships with major semiconductor providers.
Dell’s expanding ecosystem supports a fuller stack for customers that who want to run AI on infrastructure they control. Management highlighted partners including NVIDIA, Google Cloud, OpenAI, ServiceNow, Palantir, Mistral and CrowdStrike, alongside collaboration on validated designs and software integration. As enterprises continue investing in AI infrastructure, Dell is well-positioned to capture incremental market share through its end-to-end solutions and global customer relationships.
The company's large installed enterprise customer base creates recurring opportunities for hardware refreshes, storage expansion, and lifecycle services. While the PC business remains cyclical, it provides scale and distribution advantages, with potential upside from commercial PC replacement cycles and AI-enabled devices.
Management raised fiscal 2027 revenue guidance to $165-$169 billion and lifted expected AI server revenues to about $60 billion. As Dell continues to prioritize margin rate expansion, it is prudently managing expenses.
Dell generates robust free cash flow, enabling consistent debt reduction, share repurchases, and dividend growth. Its disciplined capital allocation and improved balance sheet enhance shareholder returns while maintaining financial flexibility.
Estimates for LNVGY and DELL The Zacks Consensus Estimate for LNVGY’s fiscal 2027 and 2028 revenues implies a 13% and 11.3% year-over-year increase, respectively. EPS estimates for fiscal 2027 and 2028 imply a 20.5% and 19.2% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 30.5% and 18.9%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for DELL’s fiscal 2027 and 2028 revenues implies a 57.3% and 9.3% year-over-year increase, respectively. EPS estimates for 2026 and 2027 indicate an 82.5% and a 21.1% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 0.8% and 1.4%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
Both carry a Growth Score of A.
Price Performance of LNVGY and DELLLNVGY shares have gained 98.4% in the past three months, while DELL shares have gained 86.6% in the same time.
Image Source: Zacks Investment Research
Are LNVGY and DELL Shares Expensive?LNVGY is trading at a forward 12-month price-to-sales multiple of 0.35, higher than its median of 0.19 over the past five years. DELL’s forward 12-month price-to-earnings multiple sits at 1.43, slightly higher than its median of 0.64 over the past five years.
While Lenovo has a Value Score of A, Dell carries a Value Score of C.
Image Source: Zacks Investment Research
ConclusionLenovo Group presents an attractive investment opportunity, supported by its leading position in the global PC market, growing AI-related demand and improving profitability. Management targets $100 billion in revenues within two years, driven by operational efficiency and sustained innovation across Personal AI and Enterprise AI.
Dell is well-positioned to benefit from sustained AI-driven demand, a strong competitive standing, solid cash flow generation and long-term investment in digital infrastructure.
Both stocks sport a Zacks Rank #1 (Strong Buy) and have a VGM Score of A. Price appreciation, valuation, and analyst sentiment give Lenovo an edge over Dell. You can see the complete list of today’s Zacks #1 Rank stocks here.
Akcie Dell, Micron a SanDisk ve středu prudce klesly, protože investoři vybírali zisky po několikaměsíčním růstu AI hardwaru. Trh zároveň znejistily obavy z valuací a slabšího výhledu poptávky po infrastruktuře pro AI.
A broad selloff hit AI-linked hardware and chip stocks on Wednesday as investors locked in gains from a months-long rally and questioned how long red-hot demand for AI infrastructure can support current valuations.
Dell Technologies Inc (NASDAQ:DELL) fell as much as 12%, touching a session low of $397.69, after a report that Meta Platforms is developing plans to lease out surplus AI training and inference capacity to enterprise customers. The news stoked concern that hyperscale cloud providers may have over-built data center infrastructure, a development that could slow future server orders for system integrators such as Dell.
Rising memory costs added to the pressure on Dell's margins, given that AI-optimized servers already carry lower gross margins than the company's traditional hardware lines. GF Securities recently downgraded the stock to "Hold" from "Buy," citing a stretched valuation after shares had rallied roughly 200% and traded near 34 times forward earnings. Extensive insider selling, totaling about $1.56 billion over three months with no offsetting purchases, has also weighed on sentiment.
Micron Technology Inc (NASDAQ:MU) dropped about 9%, extending losses as investors weighed reports that Washington is considering tighter unilateral restrictions on exports of high-bandwidth memory products, a step that would carry direct implications for the chipmaker's international revenue. Competition from Chinese memory manufacturers has also been cited as a growing longer-term threat to Micron's pricing power.
SanDisk (NASDAQ:SNDK) shares slid sharply after a research firm cut its near-term outlook for the NAND flash market, pointing to average selling prices falling faster than previously expected. That shift reinforced concern that the memory industry's supply-demand balance is tipping toward a surplus as capacity expansions across the sector outpace demand from enterprise and consumer electronics customers.
Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) shares also fell, caught up in the broader retreat across semiconductor and memory names. The stock has been especially sensitive to swings in sentiment after more than doubling year-to-date on optimism around its EPYC server processors and Instinct AI accelerators, leaving it vulnerable to profit-taking once the mood in AI hardware shifted.
The declines mark the latest bout of volatility in a sector that has posted extraordinary gains through 2026 on the back of surging AI infrastructure spending. Traders and analysts described Wednesday's moves largely as a valuation reset rather than a sign of a broader breakdown in AI demand, though the Meta capacity report and renewed scrutiny of hardware margins have added a fresh layer of uncertainty heading into the next round of quarterly earnings.
Michael Dell is the CEO and founder of Dell Technologies. Mandel NGAN / AFP via Getty Images It's a good year to be Michael Dell.
His net worth is up over $80 billion. His company's shares have risen 240% as it rides a wave of AI-driven growth. And, critically, Dell, 61, has found favor with perhaps the most influential man in the world: President Donald Trump.
Last week, Dell laptops received a ringing presidential endorsement that boosted the company's stock.
"Go out and buy a Dell computer," Trump told reporters at the White House at the launch of Trump Accounts on July 6, repeating a recommendation he had made in May. Later that day, Dell joined the president for lunch in the Rose Garden.
The tech CEO's recent public rapport with Trump has centered on Trump Accounts, the new investment savings account for children, and it has become one of the more visible — and steady — corporate relationships of the president's second term.
The Dells — Michael and his wife, Susan — made a $6.25 billion contribution to the program through their family foundation in December, and have appeared at several White House media days alongside the President.
Michael Dell (R) sits in the dorm room where he launched his namesake computing company. Harry Cabluck/AP The corporate world's attitude toward Trump has changed since his first term, when cultivating a relationship with the president was often seen as a reputational risk. Now, many business leaders are working more closely with him.
The dynamic has seen the president exert pressure on Big Law, media organizations, universities, and, most recently, World Cup organizers. For executives, gaining Trump's favor — or at least avoiding his criticism — can be a powerful incentive.
The Dell Foundation and Dell did not respond to requests for comment from Business Insider.
Earning Trump's favorDell is exactly the kind of homegrown American success story the president likes. Michael Dell started his PC company in his college dorm room and went on to become the youngest CEO ever to lead a Fortune 500 company, at 27.
Dell had some involvement with the first Trump administration, joining the president's American Manufacturing Council, and attending a "day 1" meeting of business leaders, but his dealings then with Trump were more limited.
Now, things are different.
The two men have an easy rapport, as seen in recent footage of Dell joking with the president about owning a "Dellicopter" instead of a helicopter.
Trump Accounts launched on July 4th; Dell's involvement in the program dates back at least a year — he was present at the first "Invest America" roundtable (which became Trump Accounts) in June 2025. Dell told CNBC in December that he first became interested in seeding investment accounts for children around 2021.
The Dell Foundation has long focused its philanthropic efforts on children, education, and economic opportunity, aligning with the mission of Trump Accounts.
The billionaire CEO has quietly appeared at other government functions. In March, he joined the President's Council of Advisors on Science and Technology, alongside Marc Andreessen, Jensen Huang, and Mark Zuckerberg. Dell was previously a member of the council during President George W. Bush's administration.
Dell also attended White House dinner for Saudi Crown Prince Mohammed bin Salman in May.
"Michael and Susan Dell are patriots who are generously contributing billions of dollars of their fortune to the Trump Accounts of millions of kids from working-class families," said White House spokesman Kush Desai.
The president "rightfully" praised Dell and others who have donated to the program, he added.
What stands out about Dell's recent appearances is that, unlike other big-name tech leaders, whose faces are often as well known as the products their companies make, the billionaire CEO has tended to limit his time in the spotlight.
Dell rarely gives interviews or attends "it-crowd" events, and he was absent from the lineup of tech moguls at Trump's inauguration.
Michael and Susan Dell take lunch with the president on Monday, July 6. Evan Vucci/Reuters "They aren't 'out there' as big backers of politicians like some of these other CEOs," said Douglas Schuler, a professor of Business and Public Policy at Rice Business School who specializes in corporate political activity.
"They seem to make political contributions to both sides of the aisle and to members of Congress where they have significant operations or with jurisdiction over their business activities," he said.
It's Dell's yearDell's relationship with Trump has coincided with a string of wins for the company.
Since the Dell Foundation announced its donation in December, the president has purchased more than $1 million in Dell stock. In April, he sold at least $50,000 worth of Dell shares and possibly as much as $100,000.
In February, Dell Technologies landed a $10 billion contract renewal with the US Department of Defense. Navy Chief Information Officer Barry Tanner told reporters the contract was awarded after a competitive evaluation process.
Shares of Dell popped in the days after Trump's promotion of the brand's laptops last week.
Dell's personal wealth is also surging. He's now the world's 6th-richest person with a net worth of $223 billion, adding $83.5 billion in 2026 alone, and trailing only Elon Musk in year-to-date wealth gain.
To be sure, Musk's own wealth boom shows that billionaires' net worth is hardly tied in the long term to how well they get along with the president.
After criticizing Trump's "big beautiful bill," Musk lost an estimated $34 billion in a single day, and Tesla's shares fell 14%. A year later, he's worth nearly $900 billion.
Dell owns roughly a 40% stake in his company, which has been enjoying a banner year driven by its AI offerings.
In May, the company reported its strongest quarterly earnings since its return to the public markets in 2018, with revenue of $43.8 billion.
Crucial to the company's growth has been its positioning as a key provider of AI infrastructure. Revenues in Dell's Infrastructure Solutions Group (ISG), which sells GPUs, memory, networking, cooling, storage, and services, were up 181% year over year in its first quarter earnings report.
The company has also been overhauling its internal operations as it seeks to position itself for its next era, modernizing all systems and programs used across the business and reducing its workforce by 36,000 over the past three years through layoffs and attrition. As of January, Dell employed roughly 97,000 people, per its latest 10-K filing.
Where business meets politicsNo matter what kind of approach executives take to Trump, there are no guarantees of a strong relationship with the president.
JPMorgan CEO Jamie Dimon, for instance, has tempered criticism of Trump's policies with praise over the years, but Trump still sued him and the bank for $5 billion in January, alleging JPMorgan closed his accounts for political reasons after the January 6 attack. The bank said the suit has no merit.
Dell CEO Michael Dell delivers a keynote address at the 2007 Oracle Open World conference November 14, 2007 in San Francisco, California. Justin Sullivan/Getty Images Businesses often combine their market strategy with non-market initiatives, such as lobbying governments, donating to charity, or working with NGOs, Schuler said. Some research suggests that companies taking this broader approach perform better financially, but it is much harder to show that corporate political activity itself leads to stronger financial results for companies or their executives, he said.
"Is it possible that they benefited personally or the company itself? Certainly," Schuler of Rice University said. "Is it easy to show? No."
Whether it's genuinely aligned interests, political pragmatism, or a more calculated bid for influence, the president is in the Dells' corner.
"They are truly incredible people," Trump said last week, with the Dells beside him at the launch of Trump Accounts. "We're going to get him that money back one way or another."
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Dell Technologies před zveřejněním výsledků za poslední měsíc vzrostl o 9,96 %. Tržní očekávání počítá s EPS ve výši 4,88 USD a tržbami 46,48 miliardy USD.
In the latest close session, Dell Technologies (DELL - Free Report) was down 1.81% at $427.11. The stock's change was less than the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 1.55%.
Shares of the computer and technology services provider witnessed a gain of 9.96% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.44%, and the S&P 500's gain of 4.28%.
The upcoming earnings release of Dell Technologies will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.88, reflecting a 110.34% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $46.48 billion, showing a 56.1% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.77 per share and a revenue of $170.55 billion, indicating changes of +82.23% and +50.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.75% increase. Dell Technologies presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 23.17. This denotes no noticeable deviation relative to the industry average Forward P/E of 23.17.
One should further note that DELL currently holds a PEG ratio of 0.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Micro Computers industry had an average PEG ratio of 2.74 as trading concluded yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
President Donald Trump has been more involved in the stock market than past presidents.
He's made some timely calls, notably telling investors to buy stocks after the market meltdown in April when he announced high tariff rates on most of the country's major trading partners.
The Trump administration has also had the U.S. government take stakes in companies it deems imperative to national security. Some of the government's picks, like Intel, have turned into extraordinary investments.
Recently, Trump has been touting and buying Dell (DELL +3.69%) stock. Should you?
Image source: Joyce N. Bhoghosian.
Why does Trump like Dell? Michael and Susan Dell donated $6 billion to power the new Trump Accounts, which are tax-advantaged accounts that parents can use to start building savings for their children as soon as they are born.
Eligible newborn babies born between the start of 2025 and the end of 2028 can also receive a free $1,000 contribution to the accounts.
"Go out and buy a Dell computer," Trump, who made a similar pitch in May, said on July 6. "We're going to get him that money back one way or the other -- and then I'll ask for another $6 billion. ... We'll start the whole process all over again."
Although the U.S. government doesn't hold a stake in Dell, 2025 financial disclosures show that Trump made 24 trades in Dell last year, with $545,000 in net purchases.
Dell has benefited from the AI trade Trump's bullish calls may help Dell, but the company has already benefited immensely from its involvement in the artificial intelligence trade, with the stock up more than 230% this year.
Similar to other AI plays that have done well, Dell is a pick-and-shovel play. The company builds servers that house graphics processing units (GPUs). Dell's servers help the GPUs run properly by cooling them, managing power distribution, and connecting them to other GPUs and storage within data centers.
So, as GPU clusters scale, Dell sees more demand for its servers. In Dell's first fiscal quarter of 2027, which ended May 1, revenue surged by 88% year over year, while diluted earnings per share surged 282%. More than 37% of Dell's total first-quarter revenue came from AI servers alone.
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After the earnings report, Piper Sandler analyst James Fish raised his price target on Dell to $497, implying about 19% upside from the July 7 closing price of about $417.
"This was not just a one-quarter phenomenon either, as the team is seeing backlog and pipelines outpace sales growth, though admitting that some of this is due to net pull-in of demand given the ongoing supply chain issues across the space and raised pricing," Fish wrote in his research note at the time.
One issue with Dell is that it's not exactly a high-margin story. Even as revenue has surged, the company's gross margin has declined by more than 300 basis points from 21.1% a year ago to 17.8% in its first quarter.
Should you buy the stock? The company's valuation reflects some of the margin issues. Dell trades at about 21 times forward earnings and 1.6 times forward sales, which isn't low per se, but not nearly as high as some other high-flying AI stocks.
Dell also has a large personal computer business, which, while no longer the company's main focus, remains a segment that management hopes to rejuvenate. The company wants to offer products with greater variety in price points and features.
While I am wary of all companies whose stocks have ripped higher on the AI trade right now, Dell by no means trades at an outlandish valuation compared to others. However, if you do buy the stock, I would dollar-cost average to smooth out your cost basis over time, as AI names are likely to experience high volatility.
Key Takeaways Dell shares have jumped 213.2% YTD as AI server revenues surged 757% y/y to $16.1 billion in Q1FY27.DELL expects $60 billion in FY27 AI server revenues, nearly 2.4 times last year.Dell faces memory constraints, lower AI server margins and competition in PCs and AI infrastructure. Dell Technologies (DELL - Free Report) shares have jumped a whopping 213.2% year to date (YTD), driven by strong AI infrastructure growth. In the first quarter of fiscal 2027, AI server orders reached $24.4 billion, AI server revenues surged 757% year over year to $16.1 billion and AI server backlog expanded to $51.3 billion. The company expects $60 billion in AI server revenues for fiscal 2027, nearly 2.4 times last year’s reported level.
Dell’s expanding customer base, which now exceeds 5,000 across hyperscalers, neocloud providers, sovereign AI projects and enterprises, provides strong visibility into growth. The company’s management expects fiscal 2027 revenues between $165 billion and $169 billion (up 47% year over year at the mid-point), and non-GAAP earnings of $17.90 per share (plus or minus 25 cents).
Do DELL shares have further room for appreciation? Let us find out.
DELL Shares Ride on AI ProspectsYTD, DELL shares have outperformed the broader Zacks Computer and Technology sector, as well as peers like Apple (AAPL - Free Report) , Super Micro Computer (SMCI - Free Report) and Hewlett Packard Enterprise (HPE - Free Report) . Shares of Hewlett Packard Enterprise and Apple have returned 71.6% and 13.5%, respectively, while Super Micro Computer has dropped 7% YTD.
DELL Stock’s Price Performance
Image Source: Zacks Investment Research
Dell has become a key supplier of AI-optimized servers and data center solutions, benefiting from surging enterprise demand for AI training and inference workloads. Dell’s partnerships with leading chipmakers such as NVIDIA allow it to deliver high-performance AI systems that enterprises increasingly need to modernize operations and deploy generative AI applications. The company’s integrated rack-scale systems and data center solutions allow customers to deploy AI clusters efficiently, while managing the total cost of ownership. These capabilities are helping Dell capture opportunities as organizations scale AI workloads across industries.
Growth is not limited to AI. Dell’s traditional server business grew 92% year over year in the first quarter of fiscal 2027, supported by enterprise data center modernization and replacement of aging installed infrastructure. Management highlighted broad-based demand across every geography, while storage revenues increased 8%, marking the fifth consecutive quarter of above-market Dell-IP storage growth. These trends lifted Infrastructure Solutions Group revenues 181% year over year and operating income 206%, demonstrating that both AI and traditional infrastructure are contributing to earnings growth.
The company continues to expand its AI Factory ecosystem with partners, including NVIDIA, Google Cloud, OpenAI, Palantir and ServiceNow, while new offerings such as Dell PowerRack, 18th-generation PowerEdge servers and the AI Data Platform position DELL as a full-stack AI infrastructure provider. Dell emphasized that customers increasingly prefer integrated, production-ready AI infrastructure rather than standalone hardware, supporting continued market share gains.
DELL’s Prospects Suffer From Competition, Supply ConstraintsAlthough expanding AI infrastructure footprint benefits DELL’s prospects, management repeatedly cited memory (DRAM and NAND) constraints as the primary supply bottleneck and acknowledged that demand continues to exceed supply. Large AI systems are complex to manufacture and deploy, making supply-chain execution crucial for sustaining current growth rates.
Dell’s gross margin rate declined to 18.1% because of the mix shift toward lower margin AI servers. Management stated that AI server profitability remains in the mid-single-digit operating margin range, which is below storage margins. As AI becomes a larger percentage of revenues, margin expansion may be more difficult than revenue growth suggests.
DELL continues to face stiff competition from Apple, HP and Lenovo in the PC market, as well as Hewlett Packard Enterprise and Super Micro Computer in the AI infrastructure space.
The PC segment climbed up 4% in the first quarter of calendar 2026, according to Gartner, while per IDC the growth was far more modest at 2.5%. In terms of shipments, Apple outperformed Dell and Lenovo’s growth of 9.5% and 7.6%, respectively, per the latest Gartner data. HP’s shipment declined 4.9%. According to IDC’s list, ASUS shipment growth was 17.1%, trailed by Apple’s 9.1%, Lenovo’s 8.6% and Dell Technologies’ 7.7% growth. HP’s shipment declined 4.9%.
DELL Shares Are Trading at a PremiumDell Technologies shares are trading at a premium, as suggested by a Value Score of C.
In terms of the forward 12-month price/sales (P/S), DELL is trading at 1.45X, higher than Super Micro Computer’s 0.32X and Hewlett Packard Enterprise’s 1.12X.
Valuation – DELL vs. SMCI
Image Source: Zacks Investment Research
Valuation – DELL vs. HPE
Image Source: Zacks Investment Research
Technically, Dell Technologies is trading above the 50 and 200-day moving averages (SMAs), indicating a bullish trend.
ConclusionDell’s prospects ride on strong AI infrastructure demand and an impressive liquidity position. An expanding clientele across neoclouds, sovereigns and enterprise customers bodes well for the company’s top-line growth. These drivers justify a premium valuation.
DELL currently sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell v 1. čtvrtletí vykázal rekordní tržby divize ISG ve výši 29 mld. USD, tažené servery pro AI, a objednávky na AI dosáhly 24,4 mld. USD. Firma má rekordní AI backlog 51,3 mld. USD a pro fiskální rok 2027 čeká tržby 165–169 mld. USD.
Key Takeaways Dell's ISG posted record $29B Q1 revenues as AI servers, traditional servers and storage all grew.Dell booked $24.4B in AI orders and exited Q1 with a record $51.3B AI backlog.Dell expects fiscal 2027 revenues of $165B-$169B and non-GAAP EPS of $17.90, plus or minus 25 cents. Dell Technologies (DELL - Free Report) Infrastructure Solutions Group (ISG) has become the company's primary growth engine, driven by exceptional demand for AI infrastructure alongside continued strength in traditional servers and storage. In first-quarter fiscal 2027, ISG generated a record $29 billion in revenues, up 181% year over year, with operating income surging 206% to $3.1 billion. AI-optimized server revenues soared 757% year over year to $16.1 billion. Meanwhile, traditional servers and networking grew 92%, and storage revenues increased 8%, demonstrating broad-based demand across Dell’s infrastructure portfolio.
Dell’s growing footprint in AI infrastructure is strengthening its long-term growth prospects. The company booked a massive $24.4 billion in AI orders during the fiscal first quarter and exited with a record $51.3 billion AI backlog. DELL management raised fiscal 2027 AI server revenue guidance to $60 billion. The company continues to expand its AI Factory ecosystem with partners including NVIDIA (NVDA - Free Report) , Google Cloud, OpenAI, Palantir and ServiceNow, while new offerings such as Dell PowerRack, 18th-generation PowerEdge servers and the AI Data Platform position DELL as a full-stack AI infrastructure provider. Management emphasized that customers increasingly prefer integrated, production-ready AI infrastructure rather than standalone hardware, supporting continued market share gains.
Dell is also benefiting from enterprise infrastructure modernization. Management noted that most of its installed server base remains seven years or older, creating a significant refresh opportunity, while AI inference workloads and agentic AI are driving incremental demand for traditional compute. Storage continues to outperform the market, led by PowerStore, PowerMax, PowerScale and ObjectScale, with higher-margin Dell-IP products boosting profitability. Dell has highlighted visibility into customer demand extending into 2027 and parts of 2028, with demand continuing to exceed supply, reinforcing confidence in sustained infrastructure-led growth.
DELL’s near-term outlook suggests demand remains durable, with customers continuing to prioritize infrastructure needs and proactively lock in supply. For the second quarter of fiscal 2027, Dell expects revenues between $44 billion and $45 billion, with non-GAAP earnings of $4.80 (plus or minus 10 cents). For fiscal 2027, Dell Technologies expects revenues between $165 billion and $169 billion and guided to non-GAAP earnings of $17.90 per share (plus or minus 25 cents).
DELL Faces Tough Competition in AI InfrastructureDell is facing significant competition from the likes of Super Micro Computer (SMCI - Free Report) and Hewlett Packard Enterprise (HPE - Free Report) in the AI infrastructure space.
Super Micro Computer is strengthening its AI infrastructure business through its Data Center Building Block Solutions, which provides end-to-end data center solutions, including liquid cooling, networking, power systems, software and services. Super Micro Computer continues to expand its partnerships with NVIDIA, AMD, Intel and Arm, while increasing manufacturing capacity globally. The company is often the first to market with the latest AI servers, including systems built on NVIDIA’s GB300 NVL72, HGX B300 and RTX6000Pro platforms, as well as AMD MI350/355 systems, giving it a strong edge.
Hewlett Packard Enterprise is benefiting from strong AI and networking demand, with AI systems orders reaching $1.8 billion and expanding into orchestration, data movement and agentic AI workloads. Hewlett Packard Enterprise is benefiting from rising demand for high-memory servers and AI inference, while the Juniper integration is driving networking momentum and cross-selling opportunities. Management expects durable demand, sustained AI adoption and continued growth across its Cloud & AI and Networking businesses through fiscal 2027.
DELL’s Share Price Performance, Valuation & EstimatesDell shares have appreciated 213.2% year to date, outperforming the broader Zacks Computer and Technology sector’s rise of 16.8%.
DELL Stock Outperforms Sector
Image Source: Zacks Investment Research
The DELL stock is trading at a premium, with a forward 12-month price/earnings of 19.34X compared with Super Micro Computer’s 10.51X and HPE’s 10.79X. Dell has a Value Score of C.
Valuation - DELL vs. SMCI
Image Source: Zacks Investment Research
Valuation - DELL vs. HPE
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2027 earnings is currently pegged at $18.77 per share, up 0.6% over the past 30 days, suggesting 82.2% growth from fiscal 2026’s reported figure.
Dell currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies posiluje v AI infrastruktuře: loňské tržby z infrastrukturních řešení vzrostly o 40 % na rekordních 60,8 miliardy USD a backlog AI serverů dosáhl 51,3 miliardy USD.
There's no denying that a slew of artificial intelligence stocks are suddenly on the defensive. Shares of cloud computing powerhouse Amazon are down 14% just since the end of last month. Microsoft's budding recovery effort was recently upended as well. Worries of a bigger reckoning are firming up, and understandably so.
There's one name in the artificial intelligence business, however, that may perform very well this year, even if most other AI stocks hit a wall. That's Dell Technologies (DELL 3.58%). Yes, that Dell.
Dell's simple turnkey solution Plenty of people don't realize that the personal computer maker is in the business of artificial intelligence infrastructure. And for a long time, it wasn't.
Recognizing an opportunity to solve a largely ignored problem, however, in 2024, Dell launched an arm it simply calls the Dell AI Factory, offering corporations and their employees alike a way of utilizing the power of artificial intelligence without requiring AI expertise. And this business got a respectable start, making a measurable impact on that year's top and bottom lines.
Something significant changed last year, though. Following the introduction of AI-optimized servers that integrate with its other tech, Dell was able to offer "end-to-end AI infrastructure to support everything from edge inferencing on an AI PC to managing massive enterprise AI workloads in the data center."
Image source: Getty Images.
And as it turns out, this turnkey option is precisely what the market wanted, if not outright needed. Last year's infrastructure solutions revenue soared 40% to a record-breaking $60.8 billion, led by a surge in sales of artificial intelligence-optimized servers -- growth that persisted and even accelerated in Q1 of this year, when the company reported year-over-year revenue growth of 88%. Indeed, its AI server backlog now stands at $51.3 billion, well up from $43 billion just three months earlier.
What gives? Dell is undoubtedly leveraging its well-respected name within the business computing world. Mostly, though, it's institutional customers like that these AI-optimized servers easily integrate with other Dell-made solutions, and increasingly institutions appreciate the option of moving away from the public cloud and toward private, on-prem infrastructure, which is cheaper in the long run.
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Enough value, resiliency It's a compelling story for anyone looking for their next great artificial intelligence pick and, now, the AI industry's most resilient stocks. But much of whatever outsize performance this ticker is going to dole out for the year may already be in place. Dell shares are up more than 300% just since the end of last year. It could simply move sideways from here and still be one of 2026's top performers.
Nevertheless, keep this unexpected AI infrastructure name on your watch list. Priced at only 20 times next year's expected per-share profit of $22.13 (up 20% from this year's projection), the value already in place here is not only likely to bring a quick end to any pullbacks but also means there should be upside ahead even from its current price.
But the possibility of a broader reckoning for all artificial intelligence stocks? It's nothing to dismiss. It's arguable, however, that Dell's simple, cost-effective AI solutions may be relatively immune to such a headwind. After all, the world's still going to need this tech, even if it needs less of it than initially envisioned.
Melius Research doporučuje kupovat čipy při poklesu, ale vyhýbat se hyperscalerům, dokud nebude jasné, jak z AI vydělají. Mezi favority řadí Nvidia, Broadcom, Micron, AMD a Dell.
Melius Research’s head of tech research, Ben Reitzes, told CNBC to lean into chip-stock weakness and stay clear of the cloud giants paying for the buildout. “I’m telling them to buy on the dip. These have been opportunities in the past, and we just don’t really see any change,” Reitzes said. His list of buys covers Nvidia, Broadcom, Micron, AMD, and Dell, while Microsoft, Oracle, and Google are on hold until their AI monetization model becomes legible.
The framing matters because the broader debate has shifted from whether AI demand exists to whether the spenders can ever earn it back. Reitzes argues the answer is to own the sellers of compute. “The world is shifting towards compute… It’s been three years into this, and we’re probably in a 20-year trend. Compute is really the fuel. It’s the oil, and it’s going to be bigger than oil ever was,” he said.
The chip side of the trade Nvidia (NASDAQ: NVDA) | NVDA Price Prediction anchors the call. The Q1 FY27 earnings report showed revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue of $75.25 billion and an $80 billion additional buyback authorization disclosed in the company’s SEC 8-K filing. Shares trade at a forward P/E of 24, with shares up 12.01% year to date.
Broadcom (NASDAQ: AVGO) delivered $10.8 billion in AI semiconductor revenue, up 143% year over year, in its Q2 FY26 report. The stock is up 13.72% year to date and carries a forward P/E of 36.
Micron Technology (NASDAQ: MU) is the cleanest expression of the “single-digit multiple” pitch. Forward P/E sits at 11, despite an FQ2 26 print of $23.86 billion in revenue and $12.20 in non-GAAP EPS, beating consensus by 39.74%. CEO Sanjay Mehrotra said, “In the AI era, memory has become a strategic asset for our customers.” The stock has run 324.63% year to date.
AMD (NASDAQ: AMD) posted Q1 FY26 revenue of $10.25 billion, up 37.9% year over year, with Data Center revenue of $5.78 billion, up 57%. CEO Lisa Su flagged the Meta partnership to deploy up to 6 GW of AMD Instinct GPUs. Shares are up 157.58% year to date.
Dell Technologies (NYSE: DELL) sits on Reitzes’ buy list as the lone hardware name. AI-optimized server revenue hit $16.13 billion, up 757% year over year, on $24.4 billion of AI orders booked. Gross margin compressed to 17.8% from 21.1%, illustrating the cost of being a reseller in this cycle.
Why is he skipping the hyperscalers? Reitzes’ capital-allocation argument is direct. “Why bother owning hyperscalers? They’re handing money to my other companies… They don’t generate cash. They may not generate cash next year, and they don’t buy back stock,” he said.
Microsoft is the cautionary tale. CapEx surged to $30.88 billion, up 84.4% year over year, in Q3 FY26. Satya Nadella said, “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.” Yet the stock is down 23.7% year to date. A Polymarket contract gives a 69% probability that Anthropic plus OpenAI will exceed Microsoft’s valuation by December 31, 2026.
Alphabet shows the same pattern. CapEx ran $35.67 billion, up 107.4% year over year, and free cash flow fell 46.6% year over year to $10.12 billion. Google Cloud grew 63% to $20.03 billion with backlog nearly doubling to over $460 billion, but shares dropped 6% on June 23 after John Jumper departed for Anthropic and Noam Shazeer for OpenAI.
What to watch next Reitzes’ wait-and-see line was blunt. “Call me when they figure it out. I don’t want to invest in that stuff while they’re figuring out the consumption versus subscription. What a mess you got,” he said. The next checkpoints arrive with hyperscaler July earnings, where CapEx guidance and any AI revenue disclosures will determine whether the picks-and-shovels gap keeps widening. Until then, the data favors the sellers.
Akcie Dell Technologies ve čtvrtek klesly o více než 6 % po snížení doporučení od GF Securities na Hold z Buy kvůli obavám z ocenění. Akcie tak částečně vybírají zisky po prudkém růstu.
Dell Technologies Inc. (NYSE:DELL) stock fell more than 6% on Thursday, underperforming a stronger broader market, after a brokerage downgrade raised concerns about its valuation.
GF Securities downgraded Dell to Hold from Buy on Wednesday, citing valuation concerns following the stock’s sharp rally. The downgrade came as Piper Sandler analyst James Fish reiterated an Overweight rating and maintained a $497 price forecast.
AI Market Trends and Analyst CommentaryFish said Micron’s latest earnings and supply-demand commentary point to continued strength in AI infrastructure spending. The analyst noted that persistent memory supply constraints, accelerating AI server demand, and higher server shipment expectations support Dell’s outlook, along with other AI infrastructure names.
The pullback also comes after a strong run. Dell shares have gained more than 235% over the past 12 months, prompting some investors to lock in profits.
The broader market remained supportive. The Nasdaq gained 0.45%, while the S&P 500 added 0.19%. The Technology sector also traded modestly higher, suggesting Dell’s decline was driven by company-specific factors rather than broader market weakness.
Technical AnalysisDell is trading just below its 20-day simple moving average (SMA) of $407.12, indicating that near-term momentum has weakened after months of strong gains.
However, the longer-term trend remains intact. The stock is still 34.5% above its 50-day SMA, 80.7% above its 100-day SMA and 125.8% above its 200-day SMA.
Momentum indicators have cooled. The moving average convergence divergence (MACD) remains below its signal line, with a negative histogram, suggesting buying pressure has eased in the short term.
The stock continues to trade above its longer-term moving averages, and the “golden cross” formed in March remains in place. However, after reaching a fresh 52-week high in June, Dell could face additional profit-taking if buyers fail to defend current levels.
Key resistance stands near $469.50, while initial support is around $357.00.
Earnings and Analyst OutlookDell is expected to report fiscal second-quarter results on Aug. 27, 2026.
Wall Street expects earnings of $4.83 per share, up from $2.32 a year earlier, on revenue of $44.47 billion, compared with $29.78 billion in the prior-year quarter.
The stock trades at about 34.6 times forward earnings, reflecting a premium valuation.
Analysts maintain an overall Buy consensus with an average price forecast of $472.06. Recent analyst actions include:
Piper Sandler: Overweight, maintained $497 price forecast (June 24) GF Securities: Downgraded to Hold from Buy (June 24) Morgan Stanley: Equal-Weight, raised price forecast to $477 (June 23) Goldman Sachs: Buy, raised price forecast to $500 (June 1) Mizuho: Outperform, raised price forecast to $500 (June 1) Benzinga Edge RankingsDell continues to score highly on momentum despite Thursday’s decline.
Its Momentum score stands at 98.77, reflecting the stock’s strong long-term uptrend. Growth is rated 61.43, while Value scores 25.42, indicating investors continue to assign a premium valuation to the shares.
ETF ExposureDell remains a significant holding in several exchange-traded funds, including:
Large inflows or outflows in these funds can influence trading activity in Dell shares.
Price ActionDELL Stock Price Activity: Dell Technologies shares were down 6.35% at $406.50 at the time of publication on Thursday, according to Benzinga Pro data.
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Dell Technologies v 1. čtvrtletí fiskálního roku 2027 získala AI objednávky ve výši 24,4 mld. USD a uzavřela rekordní AI backlog ve výši 51,3 mld. USD. Firma zároveň čeká výhled tržeb za 2. čtvrtletí na úrovni 44–45 mld. USD.
Key Takeaways DELL booked $24.4B in AI orders and ended Q1 FY2027 with a record $51.3B AI backlog. DELL launched the PowerEdge XE8812 with NVIDIA to meet rising AI and HPC infrastructure demand. DELL expects Q2 FY2027 revenues of $44B-$45B, supported by AI servers and enterprise demand. Dell Technologies (DELL - Free Report) shares have surged 239.8% year to date, significantly outperforming the broader Zacks Computer & Technology sector's return of 18.6%.
The outperformance can be attributed to an innovative portfolio, expanding partner base, and growing AI footprint. In the first quarter of fiscal 2027, the company booked $24.4 billion in AI orders and recognized $16.1 billion in AI server revenues, exiting the quarter with a record $51.3 billion AI backlog.
The customer base for AI solutions surpassed 5,000, representing more than 50% over the past six months, with gains across neocloud, sovereign and enterprise customers.
DELL Benefits From Rising AI Infrastructure DemandDell Technologies’ expansion of its AI portfolio remains noteworthy. The company continues to strengthen the Dell AI Factory through collaborations with NVIDIA (NVDA - Free Report) , Alphabet’s (GOOGL - Free Report) cloud computing platform Google Cloud, OpenAI, xAI, ServiceNow, Palantir, Mistral and CrowdStrike, enabling integrated AI solutions across compute, storage, networking, software and services.
Building on this momentum, the company recently introduced the new PowerEdge XE8812 server as part of the Dell AI Factory with NVIDIA, aimed at addressing the growing demand for artificial intelligence and high-performance computing workloads. Powered by NVIDIA's Vera Rubin NVL4 architecture, the platform supports up to 144 GPUs per rack, making it one of the industry’s highest-density AI infrastructure offerings.
The new server is designed to support demanding workloads, including AI training, inference and scientific simulations, while delivering higher memory capacity, greater compute density and improved energy efficiency. These capabilities are expected to help enterprises and research institutions accelerate AI adoption and large-scale innovation initiatives.
The PowerEdge XE8812 strengthens Dell Technologies’ AI infrastructure portfolio and is expected to drive broader adoption of Dell AI Factory solutions, supporting the company's long-term growth prospects.
DELL’s Rich Partner Base Supports ProspectsDell Technologies’ growing partner base, which includes NVIDIA, Alphabet, OpenAI, ServiceNow, Palantir, Mistral, CrowdStrike and Advanced Micro Devices (AMD - Free Report) , is expected to support its long-term growth prospects.
DELL is bringing Alphabet’s Google Distributed Cloud and Gemini models on-premises with confidential compute to address data residency and sovereignty needs. The company is advancing the Dell AI Data Platform to help customers make enterprise data AI-ready at scale, with stronger orchestration, faster indexing of unstructured data and improved analytics performance.
In May 2026, Dell Technologies announced that Dell PowerEdge servers will support Advanced Micro Devices Instinct MI350P PCIe GPUs, equipping enterprises with a high-performance, cost-effective option to scale agentic and generative AI deployments. The company is enhancing the Dell AI Platform with Advanced Micro Devices to help scale AI workloads from pilot to production.
DELL Initiates Strong Q2 GuidanceDell Technologies’ expanding AI portfolio and growing partner ecosystem reflect strong long-term growth prospects.
For the second quarter of fiscal 2027, Dell expects revenues to be in the range of $44-$45 billion, implying year-over-year growth of roughly 50% at the midpoint, driven by continued strength in AI servers and enterprise demand.
The Zacks Consensus Estimate for second-quarter fiscal 2027 revenues is pegged at $44.85 billion, indicating year-over-year growth of 50.62%.
Non-GAAP earnings are expected to be $4.80 (plus or minus 10 cents). The consensus mark for earnings is pegged at $4.83 per share, up 52.8% over the past 30 days. The figure implies a year-over-year increase of 108.19%.
What Should Investors do With DELL Stock?Dell Technologies’ strong position in the rapidly expanding AI infrastructure market, robust AI demand and continued market share gains across servers, storage and PCs position the company well for sustained long-term growth.
Dell Technologies’ currently sports a Zacks Rank #1 (Strong Buy), making the stock an attractive investment option for growth-oriented investors. You can see the complete list of today’s Zacks #1 Rank stocks here.
Celestica, Dell a Astera Labs těží z AI infrastruktury: všechny tři společnosti zvýšily výhled a překonaly odhady. Dell navíc vykázal tržby 43,84 miliardy USD a tržby z AI serverů 16,13 miliardy USD.
The Magnificent Seven stocks dominate AI headlines, but the most interesting institutional positioning is happening one rung down the supply chain. The companies actually building, wiring, and connecting the AI factories trade at a fraction of the attention, despite reporting revenue growth that puts the mega caps to shame.
Three names stand out in June: a contract manufacturer, an enterprise server giant and a connectivity silicon designer. All three have raised guidance, beaten estimates and quietly compounded while retail flow chased flashier tickers.
Here is the case for each.
Celestica (CLS) Celestica (NYSE:CLS | CLS Price Prediction) is a Toronto-headquartered, US-listed electronics manufacturing services firm that has quietly become a pure-play AI data center infrastructure name. The market cap sits near $44.58 billion, and the stock is up 222% over the past year and 36% year to date.
The Q1 FY26 report on April 27, 2026 delivered revenue of $4.05 billion, up 53% year over year, with adjusted EPS of $2.16 versus the $2.08 estimate, the fourth consecutive EPS beat. The Connectivity & Cloud Solutions segment grew 76% year over year to $3.24 billion. Management raised the 2026 outlook to $19.0 billion in revenue and $10.15 in adjusted EPS, with CEO Rob Mionis stating, “Our outlook for 2027 also continues to strengthen.”
The bull case is simple. Celestica won a co-packaged optics Ethernet switch program with a hyperscaler customer on 1.6T silicon, ramping in 2027. Sentiment scoring across news and social channels reads bullish at 65.29 with medium confidence.
The caveat: customer concentration is extreme. The top three customers represented 36%, 15%, and 12% of Q4 revenue. A single hyperscaler order cut would hit hard.
Dell Technologies (DELL) Dell Technologies (NYSE:DELL) is the under-the-radar AI play hiding in plain sight. Market cap sits near $132.85 billion, the stock trades around $408.84, and it carries a P/E of roughly 22 with a dividend yield near 1%. The shares are up 279% over the past year and 227% year to date.
The Q1 FY27 report on May 28, 2026 was a blowout. Revenue of $43.84 billion grew 88% year over year, beating the $35.77 billion estimate. Non-GAAP EPS of $4.86 crushed the $2.96 consensus. AI-optimized server revenue hit $16.13 billion, up 757% year over year, with $24.4 billion in AI orders booked in the quarter. Dell raised its FY27 outlook to $165 billion to $169 billion in revenue, AI server revenue near $60 billion, and non-GAAP EPS of $17.90 at the midpoint.
The thesis: Dell is the largest enterprise AI server vendor by scale, sitting on a $43 billion AI server backlog entering FY27 after booking $64 billion in FY26 AI orders. Management returned $2.1 billion to shareholders in Q1 on the back of a 20% dividend increase and a $10 billion buyback authorization. At a forward earnings multiple in the low 20s on triple-digit AI growth, the valuation looks restrained.
The risk: gross margin compressed to 18% from 21% as the mix shifted toward lower-margin AI servers. Dell is converting revenue at thinner profitability than legacy ISG.
Astera Labs (ALAB) Astera Labs (NASDAQ:ALAB) is the connectivity silicon designer most retail investors still cannot place. Market cap sits near $63.61 billion, with analyst coverage skewing constructive: seven Strong Buy ratings, 11 Buy ratings, eight Hold ratings and zero Sell ratings. The stock is up 334% over the past year.
The Q1 FY26 report on May 5, 2026 showed revenue of $308.36 million, up 93% year over year and 14% sequentially, with non-GAAP EPS of $0.61 versus the $0.54 estimate. That marks four consecutive EPS beats. GAAP gross margin expanded to 76%. Q2 guidance calls for $355 million to $365 million in revenue and $0.68 to $0.70 in EPS.
CEO Jitendra Mohan framed the runway: “We believe the opportunity ahead is significant, and we are investing to be a leader for rack-scale AI technologies in close partnership with our customers.” The newly launched Scorpio X-Series 320-lane Smart Fabric Switch targets a merchant scale-up market projected at $20 billion by 2030, with production ramping in the second half of 2026.
The caveat: Q2 gross margin guides to roughly 73% as new switch products ramp, and the stock trades at a forward earnings multiple of 132. Beta of 3.963 means any AI capex wobble gets amplified violently in the share price.
What to watch next The common thread across all three is hyperscaler CapEx. PineBridge estimates datacenter equipment growth is essentially locked in for the next four to five years at around 25% annually, constrained more by electrical infrastructure than demand. If that holds, Celestica, Dell, and Astera Labs are positioned where the capital actually lands. The next catalysts: Dell’s Q2 FY27 report, Celestica’s CPO program ramp commentary, and Astera Labs’ Scorpio X-Series production milestones in the second half of 2026.
