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Dow Jones Futures: Apple Earnings, Iran News, Fed Meeting Loom As AI Stocks Sell Off As AI-related stocks weaken, investors are rotating into other sectors, such as energy and health care. Thus, this week's stocks to watch include Energy Transfer (ET), Eli Lilly (LLY), ATI (ATI) and J.B. Hunt Transport Services (JBHT). But Dell Technologies (DELL), whose growth is coming largely from AI products, is forming a sturdy base and is a tech stock to…
[url="]Texas A&M Engineering Experiment Station[/url] (TEES) has selected [url="]Dell Technologies[/url] (NYSE: DELL) to design and build the Innovative Growth
Key Takeaways Dividend-growth stocks can offer a mix of income and stability during periods of market uncertainty. The screen focused on companies with consistent dividend, sales and earnings growth, plus solid valuations.GormanRupp' 2026 revenue growth is projected to be 6.5% 2026, with a 13% long-term earnings growth rate. Wall Street ended the trading session on July 23, on a disappointing note, as soaring oil prices amid fresh tension in the Middle East spooked investors. Meanwhile, Alphabet’s $811 billion in future spending commitments fueled fresh concerns among investors about increased artificial intelligence (AI) spending, which, in turn, caused tech stocks to slip.
Against this backdrop, risk-averse investors may find that steady dividend-growth stocks offer a more balanced mix of income and stability than high-beta growth plays at this stage.
These dividend-growth stocks boast a consistent track record of raising payouts, underscoring the balance-sheet strength and cash-flow resilience required to navigate a period in which the traditional growth narrative is being reassessed.
Stocks with a strong history of year-over-year dividend growth can help build a resilient portfolio with greater potential for capital appreciation compared to simple dividend-paying or high-yield stocks.
We have selected three dividend growth stocks — Dell Technologies (DELL - Free Report) , Hewlett Packard (HPE - Free Report) and GormanRupp (GRC - Free Report) — that could be solid choices for your portfolio.
Why Is Dividend Growth Better?Stocks with a strong history of dividend growth are typically associated with mature companies that are less prone to sharp market swings, allowing them to serve as a hedge against economic or political uncertainty, as well as broader market volatility. Their steadily rising payouts provide a measure of downside protection.
These companies are generally backed by solid fundamentals, making them attractive long-term dividend-growth investments. Key strengths include durable business models, consistent profitability, expanding cash flows, healthy liquidity, strong balance sheets and attractive valuations.
A consistent history of dividend growth underscores the potential for continued growth ahead.
Although these stocks do not necessarily have the highest yields, they have outperformed the broader stock market or any other dividend-paying stock for an extended period.
As a result, selecting dividend-growth stocks appears to be a winning strategy when other key parameters are taken into account.
5-Year Historical Dividend Growth Greater Than Zero: This selects stocks with a solid dividend growth history.
5-Year Historical Sales Growth Greater Than Zero: This represents stocks with a strong record of growing revenues.
5-Year Historical EPS Growth Greater Than Zero: This represents stocks with a solid earnings growth history.
Next 3-5 Year EPS Growth Rate Greater Than Zero: This represents the rate at which a company’s earnings are expected to grow. Improving earnings should help companies sustain dividend payments.
Price/Cash Flow Less Than M-Industry: A ratio lower than the industry median indicates that a stock is undervalued within its industry, meaning an investor would pay less for the company’s cash flow.
52-Week Price Change Greater Than S&P 500 (Market Weight): This ensures that a stock has appreciated more than the S&P 500 over the past year.
Top Zacks Rank: Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally outperform their peers in all types of market environments.
Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
These few criteria alone narrowed the universe from more than 7,700 stocks to just three.
Here are the three stocks that fit the bill:
Texas-based Dell Technologies is a leading provider of servers, storage, and personal computers. The company’s IT solutions support customers in traditional infrastructure and multi-cloud environments. The Zacks Consensus Estimate for DELL’s fiscal 2026 revenues suggests a year-over-year improvement of 53.7%. The stock boasts a long-term (three-to-five years) earnings growth rate of 26.40%. It has an annual dividend yield of 0.57%.
DELL currently sports a Zacks Rank #1 and has a Growth Score of A.
Headquartered in Texas, Hewlett Packard is an enterprise-facing hardware and service business that focuses on servers, supercomputers, storage, networking and cloud services. The Zacks Consensus Estimate for HPE’s fiscal 2026 revenues suggests a year-over-year improvement of 31.5%. The stock boasts a long-term earnings growth rate of 32% and has an annual dividend yield of 1.20%.
HPE currently sports a Zacks Rank #1 and a Growth Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ohio-based GormanRupp designs, manufactures and sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agricultural, fire protection, military and other liquid-handling applications. The Zacks Consensus Estimate for GRC’s 2026 revenues suggests a year-over-year improvement of 6.5%. The stock boasts a long-term earnings growth rate of 13% and has an annual dividend yield of 0.95%.
GRC currently sports a Zacks Rank #1 and a Growth Score of B.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Considering buying DELL stock? Here’s what analysts think:
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ROUND ROCK, Texas--(BUSINESS WIRE)--Texas A&M Engineering Experiment Station (TEES) has selected Dell Technologies (NYSE: DELL) to design and build the Innovative Growth in Next Generation AI Technology Ecosystem (IGNITE), a new AI and high-performance computing (HPC) platformi. Funded by the State of Texas, IGNITE will support large scale, AI-driven research across engineering, national security, scientific discovery and other research disciplines using shared infrastructure built to handl.
Dell Technologies (NYSE:DELL | DELL Price Prediction | DELL Price Prediction) has quietly become one of the most important AI infrastructure names on the market. Shares have ripped 224% higher year to date, and the last earnings report made clear why.
AI-optimized server revenue jumped 757% year over year to $16.13 billion in a single quarter, and Dell booked $24.4 billion in AI orders in that same three-month window. I think $525 by this time next year is the target.
Why Dell Shares Have Cooled Off in the Last Month Dell has cooled recently. Shares are down 11.53% over the past week and 1.15% over the past month, cooling from a 52-week high of $468.70. The reason is straightforward.
Gross margin compressed to 17.8% from 21.1% as AI servers, which carry lower margins than legacy hardware, took over the revenue mix. With a beta of 1.376, shares swing harder than the market in both directions. Investors are wrestling with whether Dell is a fat-margin IT vendor or a thin-margin AI systems integrator. That debate is capping the multiple.
Wall Street Sees Roughly 24% Upside. Our Model Sees More The Street is constructive. Analyst consensus sits at $501.04, with 5 Strong Buys, 14 Buys, 8 Holds, and zero Sells. Our base case lands at $487.57, implying 20.64% upside with a bull case of $507.78. Confidence on the model reads 0.9, or high.
Consensus is directionally right but hasn’t fully priced the earnings acceleration. With 70% of analysts bullish and quarterly EPS growing 2.825x year over year, estimates should keep chasing reality higher.
The Path to $525 Per Share Reaching $525 from today’s price of $404.15 requires a gain of 29.9%. With forward EPS of $18.20, a price of $525 implies a forward P/E of 29x. Our base case of $487.57 already implies roughly 30x, so the bold target simply needs earnings to deliver, not additional multiple expansion.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today.
Dell’s FY27 guidance calls for non-GAAP EPS of $17.90 at the midpoint, up 74% year over year, and revenue between $165 billion and $169 billion. Full-year AI-optimized server revenue is guided to approximately $60 billion, up 144%. CEO Jeff Clarke framed the setup bluntly on the last call: “Our momentum in AI is unmatched.”
With over 3,000 enterprise AI customers and a five-quarter pipeline running at multiples of backlog, the earnings power is real. The primary risk is margin compression outpacing volume growth if AI mix accelerates too fast.
Where Dell Trades Today vs Its Earnings Power At $404.15, Dell trades at roughly 22x forward EPS of $18.20, versus a trailing P/E of 30x. Shares sit between a 52-week low of $109.70 and a high of $468.70. Over ten years, the stock has returned 1,980.61%.
A 22x forward multiple on a business growing earnings 74% is arguably cheap relative to peers generating a fraction of that growth. The PEG ratio at 0.65 tells the same story.
Is $525 Realistic? My Verdict $525 requires a 29.9% gain and a forward P/E of 28.8x. I think it’s realistic.
For it to happen, three things need to go right: Dell needs to convert the $43 billion AI backlog without slippage, gross margin needs to stabilize as ISG operating leverage kicks in, and analysts need to keep revising estimates higher. A sharp slowdown in hyperscaler AI capex would derail it. We’ve outlined the blueprint for how Dell Technologies could reach $525 in 2027.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today.
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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Trump and Michael Dell have formed a strong relationship during his second term in the White House. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images President Donald Trump really wants you to buy a Dell.
"You know what I say? Go out and buy a Dell computer," Trump said during an appearance on Wednesday in Marietta, Georgia. "As far as I'm concerned, that's great stuff."
It was the third time since May that the president has promoted the brand.
"They are truly incredible people. Go out and buy a Dell computer," Trump told reporters earlier in July. "I have a son that loves their laptop."
The president's run of endorsements has coincided with the Dell family's $6.25 billion donation to Trump Accounts — the new investment savings accounts for children launched by the administration in July.
"We're going to get him that money back one way or another," the president told reporters at the launch of Trump Accounts.
Shares of Dell popped as much as 9% after Trump's promotion of the brand's laptops on July 4. They traded flat on Wednesday.
Michael Dell's involvement in Trump Accounts has led to one of the more visible and steady corporate relationships of the president's second term.
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.
The growing friendship between the president and Dell has coincided with a banner year for the billionaire CEO.
Dell is now the world's 5th-richest person with a net worth of $229 billion, adding $89.1 billion in 2026 alone, according to the Bloomberg Billionaires Index. In May, his company reported its strongest quarterly earnings since its return to the public markets in 2018. Shares in Dell are up 250% so far this year.
"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," White House spokesman Kush Desai previously told Business Insider earlier in July.
The president "rightfully" praised Dell and others who have donated to the program, he added.
Trump praised other wealthy donors for contributing to his child savings scheme in Georgia on Wednesday. He said that he had invoked the Dells' sizable donation to encourage a friend planning to give $50 million to contribute more.
"I said, 'That's peanuts. That's not even close to the 250 million that Michael Dell gave.' I said, 'What are you doing? You can do better than that.'"
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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.
Key Takeaways The AI server market is growing rapidly.OpenAI boosted its 2030 compute projection to $750B.Anthropic & AMD announced a multi-billion-dollar chip partnership on Wednesday. Although many AI-related stocks have corrected from extended levels in recent weeks, the latest AI news suggests that the AI revolution is still well intact. Below are three of the most important AI-related headlines.
Super Micro Computer Margins Expected to ExplodeSuper Micro Computer ((SMCI - Free Report) ) builds and sells high-performance AI servers, storage systems, and advanced liquid-cooling technology for enterprise data centers. On Tuesday night, SMCI reported preliminary Q4 financial results that blew away Wall Street expectations. Q4 revenue is expected to be near the low end of its $11 billion to $12.5 billion guidance. However, the company expects gross margins to explode to ~15% to ~17% from ~8%. Additionally, SMCI recorded more than $60 billion in fresh orders during the quarter, pushing its backlog to a record high. SMCI shares, which have been weighed down by legal difficulties, bolted more than 20% in midday trading on Wednesday.
Image Source: Zacks Investment Research
SMCI industry peers and competitors Dell Technologies ((DELL - Free Report) ) and Hewlett Packard ((HPE - Free Report) ) jumped in unison after a Wolfe analyst said that SMCI’s margin surprise could be a positive read-through for the two companies. Read more about the bull case for Dell here.
AI Spending and Demand is Not SlowingA key argument of AI bears is that the massive spending on AI infrastructure will soon slow. Although it will have to slow eventually, the most recent headlines suggest that insatiable AI spending will continue into the foreseeable future. For example, on Wednesday, ChatGPT parent OpenAI raised its projected compute spending through 2030 to $750B from its previous forecast of $600B earlier this year. OpenAI is also investing $20B in a 3.2GW Georgia data center, which will be its first major site designed and developed in-house rather than leased from cloud providers. According to the latest projections, data center demand will nearly quadruple by 2035.
Image Source: Zacks Investment Research
Anthropic & AMD Announce PartnershipMeanwhile, OpenAI is not the only one looking to increase its AI infrastructure. Claude parent Anthropic, currently considered the AI leader, announced Wednesday that it will purchase up to 2 gigawatts of Advanced Micro Devices’ ((AMD - Free Report) ) next-generation MI450 chips starting in the first half of 2027. AMD will separately invest up to $5 billion into Anthropic (which will trigger when certain deployment milestones are met).
Bottom Line
While recent stock pullbacks in AI stocks have concerned investors, the underlying fundamentals of the AI revolution tell a vastly different narrative. Soaring margins, long-term compute commitments, and burgeoning partnerships all suggest that the AI buildout is far from over.
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.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Dell Technologies (DELL - Free Report) .
Dell Technologies currently has an average brokerage recommendation (ABR) of 1.64, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 25 brokerage firms. An ABR of 1.64 approximates between Strong Buy and Buy.
Of the 25 recommendations that derive the current ABR, 16 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 64% and 8% of all recommendations.
Brokerage Recommendation Trends for DELL
Check price target & stock forecast for Dell Technologies here>>>
The ABR suggests buying Dell Technologies, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is DELL Worth Investing In?Looking at the earnings estimate revisions for Dell Technologies, the Zacks Consensus Estimate for the current year has increased 0.9% over the past month to $18.8.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Dell Technologies. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Dell Technologies may serve as a useful guide for investors.
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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Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) shares are up 13% to $28.75 in Wednesday morning trading after the company delivered a preliminary Q4 FY2026 business update that stunned the margin bears. The rally appears to be pulling Super Micro’s AI server peers higher, with Dell Technologies (NYSE:DELL) stock up 2% to $414 and Hewlett Packard Enterprise (NYSE:HPE) shares up 1% to $47.22.
The move caps a bruising stretch for Super Micro Computer shares, which entered the session down 13% year to date (YTD) and off 50% over the past year. Wednesday’s pop reframes the setup heading into the full August 11 report.
Margin Guide Silences the Bears The catalyst is a preliminary update Super Micro Computer released after Tuesday’s close. The company disclosed more than $60 billion in new orders booked during the quarter ended June 30, with backlog at record levels.
The bigger surprise sits in the margin line. Super Micro Computer guided fiscal Q4 gross margin to 15% to 17%, materially above prior guidance of 8.2% to 8.4%, citing a “favorable customer and product mix.” Revenue is expected near the low end of the $11 billion to $12.5 billion range, versus analyst estimates near $11.67 billion per LSEG.
Wall Street responded quickly. Barclays raised its price target on Super Micro Computer stock to $38 from $34, keeping an Equal Weight rating. Rosenblatt lifted its target to $45 from $40 with a Buy rating, arguing that Super Micro’s Q4 order book reinforces the company’s “industry-leading” time-to-market advantage in the AI infrastructure buildout.
Peers Ride the AI Server Read-Through Dell and HPE aren’t reporting news of their own today. The rally reflects a read-through: if Super Micro Computer’s book is filling that fast, hyperscaler and enterprise AI capex is still accelerating, and both peers already have proof points on the board.
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Dell entered Wednesday up 224% YTD, backed by Q1 FY27 AI-optimized server revenue of $16.13 billion, up 757% year over year (YoY), and a full-year AI server revenue target near $60 billion. HPE is up 96% YTD after Q2 FY26 server revenue of $5.45 billion, up 33% YoY, and raised full-year revenue growth guidance to 29% to 33%.
The common thread runs through NVIDIA (NASDAQ:NVDA) silicon, with supporting exposure from Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD). Super Micro Computer’s transcript flagged AI GPU-related platforms contributing over 80% of revenue last quarter.
The broad tech tape isn’t cooperating, though. The iShares U.S. Technology ETF (NYSEARCA:IYW) is down 2% to $241.45 with the NASDAQ 100 off 0.88%. IYW isn’t a clean proxy here: the fund is mega-cap heavy, with NVIDIA at 16.23% and Apple at 13.63%, while SMCI, DELL, and HPE combined sit at less than 1% of net assets.
What to Watch The bull case on Super Micro Computer shares now rests on the margin turnaround, the record AI backlog, and short-squeeze potential. The bear case still centers on governance questions and dilution overhang from the June $7 billion financing tied to roughly $39 billion in AI-server orders.
The next real test arrives August 11, when Super Micro Computer reports its full fiscal Q4 results. Traders can watch for whether the 15% to 17% margin range holds up under audited numbers, and whether the enterprise mix keeps building. Position sizing should reflect SMCI stock’s volatility, as this remains a name that swings hard in both directions.
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Acumen Wealth Advisors LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 681.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,442 shares of the technology company’s stock after buying an additional 5,618 shares during the period. Acumen Wealth Advisors LLC’s holdings in Dell Technologies were worth $1,057,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in Dell Technologies in the 4th quarter valued at $25,000. Rossby Financial LCC boosted its stake in Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Portus Wealth Advisors LLC acquired a new stake in Dell Technologies in the 1st quarter valued at approximately $35,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $29,000. Finally, Navalign LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. Institutional investors own 76.37% of the company’s stock.
Dell Technologies Trading Up 5.7% NYSE DELL opened at $403.55 on Wednesday. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47. The company has a market capitalization of $261.54 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 0.82 and a beta of 1.31. The stock’s 50 day moving average is $378.67 and its two-hundred day moving average is $233.13.
Dell Technologies (NYSE:DELL – Get Free Report) last issued its earnings results 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 negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the prior year, the firm posted $1.55 EPS. Dell Technologies’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, analysts predict that Dell Technologies Inc. will post 17.77 earnings per share for the current year.
Dell Technologies Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s payout ratio is currently 20.02%.
Key Stories Impacting 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 related news, Director Spv-2 L.P. Sl sold 59,492 shares of Dell Technologies stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the transaction, the director directly owned 89,222 shares of the company’s stock, valued at $40,465,745.88. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 16,679 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $396.37, for a total value of $6,611,055.23. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,434,758 shares of company stock worth $1,448,870,683. Company insiders own 41.50% of the company’s stock.
Wall Street Analysts Forecast Growth DELL has been the topic of several research analyst reports. Citic Securities raised their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada began coverage on shares of Dell Technologies in a research note on Friday, May 29th. They issued an “outperform” rating for the company. HSBC upgraded Dell Technologies to a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group downgraded Dell Technologies to a “hold” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. One equities 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 company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $492.76.
View Our Latest Stock Report on Dell Technologies
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 Technologies (DELL - Free Report) ended the recent trading session at $381.88, demonstrating a -3.65% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the computer and technology services provider had lost 3.21% over the past month, outpacing the Computer and Technology sector's loss of 4.32% and lagging the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Dell Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.89, showcasing a 110.78% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $46.48 billion, indicating a 56.1% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.8 per share and a revenue of $174.48 billion, indicating changes of +82.52% and +53.68%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.93% rise in the Zacks Consensus EPS estimate. Dell Technologies currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 21.08. This expresses no noticeable deviation compared to the average Forward P/E of 21.08 of its industry.
It is also worth noting that DELL currently has a PEG ratio of 0.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 2.9 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 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.
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.
ToplineMark Zuckerberg became the world’s fifth-richest person on Monday, reclaiming the rank from Michael Dell as shares in his hardware firm declined, extending a cooling period for the stock since climbing to an all-time high last month.
The hardware firm’s stock has cooled since skyrocketing to an all-time high last month.
Copyright 2026 The Associated Press. All rights reserved
Key FactsShares of Dell dropped 3.3% as of Monday afternoon, adding to an 8.8% slide the previous week and a more than 18% decline since hitting an intraday all-time record high of $469 on June 1.
Dell, who holds about 265.7 million Dell shares, saw his net worth cut by $2 billion to $221.1 billion, ranking him directly below Zuckerberg ($222.1 billion) on Forbes’ list of the world’s wealthiest people.
Meta’s stock, which traded down as much as 1.6%, rose to roughly break even on the day shortly before market close.
big number200%. That’s how much Dell shares have swelled by this year as they more than tripled in value, despite a recent selloff. Michael Dell’s fortune opened 2026 at $141 billion, ranking him as the 13th-richest person in the world, and his wealth has surged 864% since hitting $22.9 billion in 2020.
what to watch forDell will report Q2 earnings next month, while Meta reports next week.
key backgroundDell has become one of the largest beneficiaries of the broader buildup of AI infrastructure, as the hardware firm has become a key supplier to data centers. The company reported an 88% surge in revenue through its previous quarter, boosting Dell’s stock by 39% in its best trading session ever. AI server revenue skyrocketed by 757% over the previous year, Dell reported, with expectations for annual sales topping $60 billion. President Donald Trump, who became a shareholder in the first quarter, has urged investors to buy Dell, urging traders to “go out and buy a Dell.”
further readingForbesMichael Dell’s Net Worth Surges Up $35 Billion From Dell’s Best Day Ever—Passing Zuckerberg As 6th RichestBy Ty Roush
Dell Technologies (DELL - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this computer and technology services provider have returned -3.2%, compared to the Zacks S&P 500 composite's +0.6% change. During this period, the Zacks Computer - Micro Computers industry, which Dell Technologies falls in, has gained 11.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Dell Technologies is expected to post earnings of $4.89 per share for the current quarter, representing a year-over-year change of +110.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.7%.
The consensus earnings estimate of $18.8 for the current fiscal year indicates a year-over-year change of +82.5%. This estimate has changed +0.9% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $22.76 indicates a change of +21.1% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed +1.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Dell Technologies, the consensus sales estimate of $46.48 billion for the current quarter points to a year-over-year change of +56.1%. The $174.48 billion and $190.75 billion estimates for the current and next fiscal years indicate changes of +53.7% and +9.3%, respectively.
Last Reported Results and Surprise HistoryDell Technologies reported revenues of $43.84 billion in the last reported quarter, representing a year-over-year change of +87.5%. EPS of $4.86 for the same period compares with $1.55 a year ago.
Compared to the Zacks Consensus Estimate of $35.46 billion, the reported revenues represent a surprise of +23.62%. The EPS surprise was +59.87%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
In a widely circulated essay published on July 12, Microsoft (MSFT 0.74%) CEO Satya Nadella identified a fundamental imbalance in how companies deploy artificial intelligence (AI). He argued that enterprises essentially pay for intelligence twice, first through tokens and again with the proprietary knowledge they must reveal to make AI useful.
Every prompt and correction an organization feeds a model becomes "exhaust," a trail of insights about how an organization operates that leaks out, "trace by trace." To counter this "Reverse Information Paradox," Nadella argued that companies must take control of their data by running AI within their own "tenant boundary."
Microsoft CEO Satya Nadella. Image source: Microsoft Corporation.
The cost of protecting enterprise IP Today, companies use three primary paths to access frontier AI models. They can use large cloud platforms such as Azure OpenAI Service or Amazon's (AMZN +0.74%) AWS Bedrock, a direct application programming interface (API) from model providers, or a hybrid of both.
The cloud path doesn't require expensive hardware, and the direct route is well established by companies like Anthropic, which built a multibillion-dollar business on direct enterprise contracts. Regardless of the path, the risks Nadella described remain.
The model provider's infrastructure inevitably captures the usage patterns and query data that reveal how an enterprise operates. In response, sovereign nations and regulated entities are increasingly investing in their own hardware.
Hewlett Packard Enterprise (HPE 0.59%) closed its second quarter with a $6 billion AI server backlog, roughly 60% of which came from sovereign nations and enterprise clients. Through its acquisition of Juniper Networks last year, HPE can now sell an integrated on-premise stack of servers, storage, and networking to organizations building their own AI capabilities.
Meanwhile, Dell Technologies' (DELL +1.43%) backlog continues to grow. The company reported over $24 billion in AI orders last quarter and exited with a $51 billion backlog. Management noted that customers are seeking integrated solutions they can deploy on infrastructure they control, with specific products designed to keep sensitive data and IP on-premise.
The hyperscalers are positioned to profit either way Once enterprises own the hardware, they need orchestration tools to route between models without getting locked into a single provider. Microsoft's Azure AI Foundry, AWS Bedrock, and Alphabet's Vertex AI offer model-agnostic capabilities.
The architecture supports hybrid adoption, enabling companies to run workloads across multiple clouds and on-premises systems. Nadella's essay makes more sense against this backdrop, as his company positions itself to capture value from the shift he warned about.
After a volatile week in the markets, AI-related stocks are taking a breather following a historic run. With shares trading at just 13 times this year's earnings estimates, HPE warrants a closer look.
Today's Change
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45.55
The company assembles AI server systems, but margin expansion depends on its ability to attach networking and storage contracts. At this valuation, the stock offers a reasonable entry point for investors seeking exposure to enterprise infrastructure spending.
Investors choosing between Salesforce (CRM 0.86%) and Dell Technologies (DELL +1.27%) are weighing the merits of software-as-a-service (SaaS) against physical infrastructure in an era increasingly defined by artificial intelligence integration and cloud computing.
Salesforce focuses on customer relationship management (CRM) through its digital platform, while Dell provides the hardware and servers necessary to power modern computing. Both companies are adapting their business models to capture a larger share of enterprise spending.
The case for SalesforceSalesforce is a major player among tech stocks because of its dominance in customer relationship management. The company provides cloud-based software and AI tools that help businesses manage sales, marketing, and customer service on a single platform. A recent strategic move includes the June 2026 acquisition of Fin for nearly $3.6 billion to enhance its autonomous agent capabilities.
In its 2026 fiscal year (FY), revenue reached $41.5 billion, representing a growth of nearly 10% over the previous year. This revenue expansion contributed to a net income of $7.5 billion for the period. These figures indicate a net margin of 18%, reflecting the company's ability to convert sales into profit.
As of its January 2026 balance sheet, the company reported a debt-to-equity ratio of 0.3x. This ratio compares total debt to shareholder equity, while the current ratio of 0.8x measures its ability to cover short-term liabilities with short-term assets. Free cash flow, which is the cash remaining after operating costs and capital expenditures, reached $14.4 billion. Note that stock-based compensation (SBC) represented 23.4% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for Dell TechnologiesDell provides a wide range of technology solutions, including personal devices, storage, and AI-focused infrastructure. The company serves a diverse global audience across commercial and consumer segments. Recently, it refined its North American distribution strategy by terminating its enterprise computing partnership with Arrow Electronics-owned Arrow Enterprise Computing Solutions.
For FY 2026, the company reported revenue of $113.5 billion, which is growth of nearly 19% compared to the prior year. This led to net income of $5.9 billion. This performance resulted in a net margin of 5% for the fiscal year.
As of its January 2026 balance sheet, the current ratio was 0.9x. The debt-to-equity ratio was -12.8x, which indicates that total liabilities exceed shareholder equity. This negative value is primarily attributed to Dell’s aggressive stock repurchase initiative, which significantly reduced the outstanding share count. Free cash flow for the year reached $8.6 billion, representing the cash generated from operations minus money spent on capital assets.
Risk profile comparisonSalesforce faces significant competition from established enterprise vendors like Microsoft and various AI-native startups. The company is currently engaged in an antitrust lawsuit against Microsoft regarding the bundling of collaboration software. Additionally, it faces legal scrutiny through a class action investigation and must manage persistent cybersecurity threats to its cloud data.
Dell Technologies relies heavily on third-party vendors and contract manufacturers in Asia, creating potential supply chain vulnerabilities. It faces intense pressure in the hardware market. The company also faces litigation from XTX Markets, and must defend against ongoing cyber threats targeting its supply chain.
Valuation comparisonSalesforce currently trades at a significantly lower earnings multiple than Dell, although Dell offers a more attractive valuation when looking at total sales.
MetricSalesforceDell TechnologiesSector BenchmarkForward P/E12.1x21.7x33.8xP/S ratio3.4x2.3xn/aSector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Artificial intelligence has impacted the share price performance for both Salesforce and Dell this year, but in exactly opposite ways. Wall Street’s fear that AI would eat into Salesforce’s CRM business caused a sell-off that drove shares to a 52-week low of $146.32 in June. Meanwhile, AI’s need for massive amounts of computing hardware resulted in a surge in sales that powered Dell’s stock to a 52-week high of $469.47 that same month.
It would seem Dell is obviously the better stock to buy. After all, the company reported record revenue of $43.8 billion for its fiscal first quarter, ended May 1, which represents an impressive 88% year-over-year increase. Dell’s soaring sales contributes to the stock’s low P/S ratio.
However, Salesforce’s business does not appear impacted by AI. In reality, revenue in its fiscal first quarter, ended April 30, rose 13% year over year to $11.1 billion. The company has responded to the AI threat by launching its own AI solutions tailored specifically to CRM, and that contributed to its decision to acquire Fin.
Because of Wall Street’s sell-off, Salesforce is the better stock to buy. Its low forward earnings multiple suggests it is at a compelling share price, and once investors begin to realize AI is not a danger to its business, Salesforce shares will be poised to rise.
Choosing between established hardware leaders and high-growth chipmakers requires balancing value with momentum. Should you bet on Dell Technologies (DELL +1.27%) or the chip powerhouse NVIDIA (NVDA 1.97%) for your portfolio?
Dell provides critical end-to-end IT solutions for enterprises, while NVIDIA designs the sophisticated semiconductors powering the global artificial intelligence boom. Both companies are central to modern computing infrastructure, yet they offer vastly different risk and reward profiles for individual investors looking to capitalize on the next wave of digital transformation.
The case for Dell TechnologiesDell Technologies sells a vast range of hardware including laptops, servers, and storage solutions. They serve a diverse customer base ranging from small businesses to massive government agencies, recently securing a $9.7 billion contract with the Pentagon. The company also recently ended a distribution partnership with Arrow Electronics-owned Arrow Enterprise Computing Solutions to streamline its go-to-market strategy.
In its 2026 fiscal year (FY) ended Jan. 30, revenue reached $113.5 billion, representing a growth of 18.8% over the previous year. Net income for the same period was $5.9 billion. This performance follows a steady three-year trend of rising sales and improved net margins for the hardware giant.
As of its January 2026 balance sheet, the current ratio was 0.9x, a metric comparing short-term assets to liabilities. The debt-to-equity ratio was -12.8x, which means total liabilities exceed shareholder equity. This is a result of Dell’s aggressive stock repurchase program, reducing the number of shares. Free cash flow, defined as cash from operations minus capital expenditures, reached $8.6 billion for the year.
The case for NVIDIANVIDIA engineers high-performance chips and software for accelerated computing and artificial intelligence. They provide the backbone for the semiconductor stocks industry through their ubiquitous CUDA software platform. The company supports over 7.5 million developers and recently acquired Kumo AI in June 2026 to enhance its predictive modeling capabilities.
In FY 2026, revenue reached $215.9 billion, a significant 65.5% increase compared to the prior fiscal year. Net income for the period was $120.1 billion, resulting in a net margin of 55.6%. This explosive growth reflects the massive demand for specialized chips used in generative AI applications.
As of its January 2026 balance sheet, the current ratio was 3.9x, indicating a strong ability to cover short-term debts using liquid assets. The debt-to-equity ratio was 0.1x, suggesting a conservative level of debt relative to equity. Free cash flow for the year reached $96.7 billion, providing ample capital for further innovation.
Risk profile comparisonDell faces intense competition in the AI-optimized server market, where it must execute flawlessly to maintain market share. Its heavy reliance on a concentrated group of third-party suppliers creates vulnerability to geopolitical shocks or component shortages. Furthermore, the company faces a $70 million lawsuit over server pricing, illustrating the legal risks inherent in complex enterprise contracts.
Geopolitical tensions and export controls represent major hurdles for NVIDIA, as U.S. government restrictions limit sales to certain regions like China. The company also depends on TSMC for chip fabrication, meaning any disruption in Asia could halt production. Additionally, NVIDIA faces growing competition from the likes of AMD and Amazon, the latter of which is developing its own internal AI chips.
Valuation comparisonDell looks cheaper on a P/S ratio basis, while both carry similar Forward P/E multiples.
MetricDell TechnologiesNVIDIASector BenchmarkForward P/E21.7x22.8x33.8xP/S ratio2.3x23.0xn/aSector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
In comparing Dell and NVIDIA, the irony is that, while the latter’s shares are up less than 10% in 2026, Dell’s stock has soared over 200% in that time thanks to strong sales of computer servers housing NVIDIA products.
Dell reported record revenue of $43.8 billion for its fiscal first quarter, ended May 1, which represents an outstanding 88% year-over-year increase. AI requires enormous computing power to operate, and as businesses ramp up AI adoption, Dell is poised to see ongoing sales growth.
That same tailwind should bode well for NVIDIA’s business too. However, Wall Street already has sky-high expectations of the semiconductor giant, making any share price increase difficult to attain. That’s why Dell stock looks like an attractive investment.
Even so, for the long-term investor, NVIDIA remains the better stock to buy. That’s because the company possesses many advantages. It’s the leader in AI chips, and its market share won’t be impacted any time soon because its CUDA software has become an industry standard. It continues to evolve its AI solutions and is even investing in quantum computing. Its financials are stronger than Dell’s. These factors mean its business is likely to outlast the current AI boom that is propelling Dell’s sales right now.
Robert Izquierdo has positions in Advanced Micro Devices, Amazon, Dell Technologies, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Dell Technologies (DELL) has emerged as one of the biggest beneficiaries of the AI infrastructure boom, with record demand for its AI-optimized servers driving explosive revenue and earnings growth. In this Tech Corner, George Tsilis breaks down Dell's expanding AI server backlog, partnership with Nvidia, and why enterprises and governments are increasingly turning to Dell for next-generation data center infrastructure.
Live Coverage Updates appear automatically as they are published.
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BofA remains firmly in the bullish camp on Alphabet (Nasdaq: GOOGL) ahead of July 22 earnings, reemphasizing a “buy” rating with a $430 target on the stock. The analyst’s channel checks point to solid retail search activity, even as consumer packaged goods and travel appear a little softer. BofA trimmed its search forecast to account for FX, but its roughly 17% growth view still sits slightly above Wall Street’s bar. Alphabet stock is up fractionally at last check.
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In a sign of a fatigued consumer, June retail sales slowed but held up, rising 0.2% from May and matching expectations. The softer pace versus May’s revised 1% gain gives the market a mixed read: consumers are still spending, but momentum is easing just as investors are watching whether higher rates and sticky prices are starting to bite.
This article will be updated throughout the day, so check back often for more daily updates.
Here’s a look at where things stand as of early morning trading:
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Dow Jones Industrial Average: 52,731 Up 0.14%
Nasdaq Composite: 26,057 Down 0.77%
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Market Movers TSMC (TSM) gave the AI chip trade another data point, posting a record Q2 while raising its 2026 capex plan to $60 billion to $64 billion. Revenue rose 33.7% to $40.2 billion, net profit jumped 77.4% to about $22.4 billion, and Q3 guidance came in ahead of expectations. In Arizona, TSMC plans another $100 billion investment, boosting its U.S. manufacturing commitment to roughly $265 billion.
SpaceX (Nasdaq: SPCX) is hitting post-IPO turbulence, with shares slipping below the $135 IPO price intraday as lockup risk starts to overtake debut euphoria. The stock is now down about 33% from its post-IPO peak, with up to 911.5 million insider and early-investor shares reportedly eligible to come unlocked after the company’s first earnings report, creating a fresh supply overhang.
Dell Technologies (Nasdaq: DELL) stayed under pressure in premarket trading after a 10% slide in the prior session, as investors grew more cautious on whether the AI server buildout is getting ahead of itself. The stock has become a proxy for the AI infrastructure trade, which cuts both ways: demand is still strong, but any hint of overcapacity can hit the hardware names first.
Microsoft (Nasdaq: MSFT) is reportedly sharpening its AI sales pitch against OpenAI, Anthropic and Google, training teams to sell Azure as the full-stack enterprise AI platform. Microsoft is not just pushing model access or cloud capacity. Microsoft’s Jay Parikh said in a motivational speech to employees, “Everyone else is selling parts, we’re selling the full end-to-end system.”
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Dell Technologies (DELL - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Dell Technologies is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for DELL's full-year earnings has moved 49.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, DELL has returned 227.8% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.5%. This shows that Dell Technologies is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is FormFactor (FORM - Free Report) . The stock has returned 107.6% year-to-date.
Over the past three months, FormFactor's consensus EPS estimate for the current year has increased 43.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dell Technologies belongs to the Computer - Micro Computers industry, a group that includes 5 individual companies and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 24.7% so far this year, so DELL is performing better in this area.
FormFactor, however, belongs to the Electronics - Semiconductors industry. Currently, this 50-stock industry is ranked #43. The industry has moved +44% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Dell Technologies and FormFactor as they attempt to continue their solid performance.
Dell Technologies stock has moved sideways since May, when it peaked at a record high of $469.60. It retreated to $412 as investors remained jittery about the AI sector and its hefty valuation metrics.
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.
Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF, FRA:5CT) CEO Eddy Travia joined Proactive's Stephen Gunnion alongside Predictive Labs CEO Johann Evrard to discuss the company's increased investment in Predictive Labs and the launch of Nijinn, a discovery terminal for prediction markets.
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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.
Key Takeaways CPI saw its largest monthly decline since 2020.The data offers crucial breathing room for newly appointed Fed Chair Warsh.2026 rate hike odds plunged following the data release. “Earnings don’t move the overall market; it’s the Federal Reserve Board. Focus on the central banks and focus on the movement of liquidity. Most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.” ~Stanley DruckenmillerStubborn Inflation Continues to LingerOver the past 5 years, cumulative inflation is up a staggering 25% following the rampant stimulus and government spending synonymous with the COVID era. According to the Federal Reserve, the central bank’s target consumer price index (CPI) is 2%. However, since January 2020, CPI has been 4.0% annualized, and 13% above the 2% inflation trend.
Image Source: Charlie Bilello, Creative Planning
Latest CPI Reading is a Relief for Kevin WarshTwo months ago, Kevin Warsh took the reins as U.S. Fed Chair Jerome Powell. President Trump’s Warsh selection was a surprise to many Wall Street analysts as he was seen as more “hawkish” than the other candidates he had interviewed. Since taking over, Warsh has promised to push a neutral, data-dependent central bank playbook. That said, prior to today’s CPI reading, it appeared that Warsh would be stuck between a rock and a hard place. Before Tuesday, the data suggested that a 2026 rate cut would be necessary due to the energy spike caused by the ongoing U.S.-Iran conflict. Worse yet, half of the FOMC voting members have been modeling potential rate hikes. Combine the troubling inflationary data with President Trump’s ongoing push for lower rates, and you can see why Warsh has a tough job.
However, Tuesday’s inflation reading was a relief for Warsh. June CPI inflation fell to 3.5% (below expectations of 3.8%). Meanwhile, month-over-month CPI inflation fell -0.4%, marking the largest monthly drop since 2020. A big part of the drop was falling energy prices. That said, dig deeper, and the under-the-hood numbers are far more bullish than the headline number. Shelter, which has been one of the stickiest inflationary components, gained only 0.1% (the smallest monthly increase in 5 years). Additionally, used car and truck prices dropped -0.6% YoY, marking six consecutive monthly drops. Finally, apparel prices dropped -0.6% month over month. In other words, today’s CPI data shows that cooling energy prices are not the only bullish inflationary inputs.
As a result, major market index ETFs, such as the Nasdaq 100 ((QQQ - Free Report) ) and S&P 500 ETF ((SPY - Free Report) ) gained ground Tuesday. Meanwhile, tech stocks such as SanDisk ((SNDK - Free Report) ), Micron ((MU - Free Report) ), and Dell ((DELL - Free Report) ) also gained ground.
Will the Fed Hike Rates in 2026?According to betting markets, the chances of a rate hike in 2026 are about a coin flip (53% chance of a hike in 2026).
Image Source: Polymarket
Nevertheless, the recent movement in the PolyMarket Rate Hike market tells the story. Prior to Tuesday’s freezing-cold CPI number, the odds of a rate hike in 2026 were as high as 73%.
Bottom Line
June’s softer-than-expected CPI reading is a vital variable that keeps new Fed Chair Kevin Warsh from being forced to choke off market liquidity with aggressive rate hikes.
Americké akciové trhy během probíhajícího obchodování převážně rostou, k čemuž přispívají mírnější data o americké inflaci, která oslabují obavy z brzkého zvyšování úrokových sazeb.
Zatímco technologický Nasdaq Composite posiluje o 1,01 % na 26134,09 bodu a širší S&P 500 si připisuje 0,4 % na úroveň 7545,34 bodu, index Dow Jones mírně ztrácí 0,14 % na 52422,92 bodu. Dobrou náladu na trhu podporují solidní výsledky velkých bank na začátku výsledkové sezóny a oživení u výrobců čipů, a to i přes prudký pád akcií International Business Machines Corp (IBM).
Mezi jednotlivými odvětvími indexu S&P 500 vykazují nejsilnější výkon informační technologie s růstem o 1,4 %, následované komunikačními službami, které si připisují 1 % a základními materiály s drobným ziskem 0,2 %. Naopak největší ztráty utrpěla zdravotní péče, která odepisuje 1,7 %. Oslabuje také nezbytná spotřeba o 1,1 % a reality, které klesají o 0,5 %.
V čele růstu stojí společnost Crowdstrike Holdings (CRWD), jejíž akcie posilují o 11 %. Výrazně se daří také Monolithic Power Systems (MPWR) a Goldman Sachs Group (GS), které shodně připisují 7,7 %. Dobře si vede také Dell Technologies (DELL) o 7,2 % a Palo Alto Networks (PANW) s růstem o 6,8 %. Na druhé straně zažívá propad o 25 % společnost IBM (IBM) kvůli slabším tržbám. Výrazně oslabují také HCA Healthcare (HCA) o 7,0 %, GE HealthCare Technologies (GEHC) o 6,7 %, Biogen (BIIB) o 6,6 % a Intuitive Surgical (ISRG) se ztrátou 5,8 %.
Nižší inflační tlaky tlačí dolů výnosy desetiletých amerických vládních dluhopisů, které klesají o čtyři bazické body na 4,58 %. Americký dolar v reakci na data oslabuje, takže euro vůči němu zpevňuje o 0,4 % na 1,1427 dolaru a britská libra posiluje o 0,2 % na 1,3381 dolaru, přičemž japonský jen roste rovněž o 0,2 % na 162,18 jenu za dolar. Na komoditním trhu se daří ropě i drahým kovům. Severoamerická lehká ropa WTI přidává 1,3 % na 79,12 dolaru za barel a spotové zlato roste o 1,4 % na 4058,60 dolaru za unci. V zelených číslech se pohybuje také Bitcoin, který posiluje o 3,9 % na 64556,63 dolaru.
Index Dow Jones -0,14 % na 52422,92 b.
S&P 500 +0,4 % na 7545,34 b.
Nasdaq Composite +1,01 % na 26134,09 b.
Index S&P 500 +0,4 % na 7545,34 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,4 % Zdravotní péče -1,7 % Komunikační služby +1 % Nezbytná spotřeba -1,1 % Základní materiály +0,2 % Reality -0,5 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Crowdstrike Holdings (CRWD) +11 % IBM (IBM) -25 % Monolithic Power Systems (MPWR) +7,7 % HCA Healthcare (HCA) -7,0 % Goldman Sachs Group (GS) +7,7 % GE HealthCare Technologies (GEHC) -6,7 % Dell Technologies (DELL) +7,2 % Biogen (BIIB) -6,6 % Palo Alto Networks (PANW) +6,8 % Intuitive Surgical (ISRG) -5,8 %
Daniel Marván, Fio banka, a.s.
Dell Technologies (NYSE:DELL | DELL Price Prediction) has quietly become one of the biggest AI infrastructure winners on the market. Shares are up 241.91% year to date, moving from $119.66 in mid-January to $427.11.
With a $43 billion AI server backlog and full-year revenue guidance recently raised by $27 billion at the midpoint, the run may not be finished. Can Dell shares reach $500 within the next 12 months?
Why Dell Shares Have Cooled Off This Month After a vertical move, the stock is digesting. Dell trades roughly 4% below its 52-week high of $469.47, with a one-week return of 3.72% and the last session down 1.81%. The one-month gain of 7.97% pales next to the YTD number: momentum has slowed as investors weigh gross margin compression against volume.
Q1 FY27 gross margin came in at 17.8%, down 3.3 points year over year, as AI server mix expanded. With a beta of 1.376, sharp pullbacks in tech drag Dell down harder than peers.
Wall Street Is Bullish, and I Think It Is Still Behind Analyst consensus sits at $487.26, with 5 Strong Buy, 14 Buy, 8 Hold, and zero Sell ratings. Our base case sits at $512.13, or 19.91% upside, with a bull case of $533.49 and a bear case of $388.16. Confidence: 90%.
The sell side is anchored to backward-looking multiples on a business that just guided FY27 non-GAAP EPS to $17.90 at the midpoint, up 74%. With 70% bullish analyst sentiment and earnings growth accelerating, consensus has room to move higher.
The Path to $500 Per Share Reaching $500 from today’s price of $427.11 would require a gain of 17.1%. With forward EPS of $18.20, a $500 share price implies a forward P/E of 27x. Our base case of $512.13 already implies 31x forward earnings, so the $500 target sits below our base multiple and demands no incremental expansion.
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Q1 FY27 revenue grew 87.54% to $43.84 billion, AI server revenue exploded 757% to $16.13 billion, and non-GAAP EPS of $4.86 beat consensus by 63.99%. CEO Jeff Clarke told investors, “We are innovating at breakneck speed, designing bespoke custom solutions for customers while being agile to respond quickly to evolving next-generation architectures. Our ecosystem in this space is unmatched, with key partners such as NVIDIA, AMD, Hugging Face, Cohere, Meta, Mistral, and Google.”
With $24.4 billion in AI orders booked in a single quarter and a $43 billion backlog, revenue visibility is unusually clean. The primary risk is continued gross margin compression outrunning volume leverage.
Where Dell Trades Today vs Its Earnings Power At $427.11 against forward EPS of $18.20, Dell trades at roughly 23x forward earnings. For a company guiding 47% revenue growth and 74% EPS growth this fiscal year, that is not expensive.
The stock sits between a 52-week low of $109.88 and a high of $469.47, and long holders have been rewarded: shares are up 2,095.39% over the past ten years. Earnings power is finally catching up to the enterprise IT story that has been in place for years.
Is $500 Realistic? My Verdict A move to $500 requires a 17.1% gain from here, and I think that is realistic within the next 12 months.
What needs to go right: AI order flow must stay in the double-digit-billions per quarter, FY27 EPS needs to track the $17.90 midpoint or better, and ISG operating margin must hold near 10.5% as mix shifts. A sharp AI capex pause from hyperscalers would derail it. Dell Technologies could reach $500 in 2027 if these conditions hold.
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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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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.
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Stock Market Week Ahead: Watching Big Banks, Warsh, TSMC For Signals Unabated demand for artificial intelligence continues to drive demand for industry giants like Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT) and Intel (INTC). It also fuels demand for key AI integrators like Dell Technologies (DELL). Those industry trends have propelled Dell stock to record highs — and a new buy zone. In addition to making the latest monthly list of…
Every feed you open right now has the same story: Dell Technologies (NYSE:DELL | DELL Price Prediction) is on a tear. The stock closed at $434.97 on July 10, 2026, and the year-to-date chart looks like a launch ramp. If you didn’t buy it, the FOMO is real.
Here is the part nobody is posting about. The Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT), a basket of AI and next-generation software names, also had a monster run over the exact same stretch. Exposure to the theme was enough to catch the move; picking the single winner was optional.
Same Window, Same Story From December 31, 2025 through July 10, 2026, Dell returned 248.21%, with shares moving from $124.92 to $434.97. Over that same window, IGPT gained 66.4%, climbing from $59.47 to $98.96.
Put a dollar sign on it. A share of IGPT bought on New Year’s Eve for under sixty bucks is now worth nearly a hundred. Half a year. No earnings roulette, no single-name blowup risk, no staring at one ticker every morning.
Why Dell Ran, and Why the Theme Ran With It Dell’s move was pure math. In fiscal Q1 2027, reported May 28, 2026, revenue hit $43.84 billion, up 87.5% year over year, and non-GAAP EPS came in at $4.86 versus a $2.96 consensus. AI-optimized server revenue alone was $16.13 billion, up 757% year over year. Dell booked $24.40 billion in AI orders in that quarter alone and guided full-year AI server revenue to roughly $60 billion.
That is a hyperscaler-and-enterprise AI infrastructure story with Dell as one beneficiary. The same capex wave lifting Dell is lifting the semiconductor supply chain, the networking vendors, the software companies selling into those data centers, and the cloud platforms renting the compute back out. IGPT is built around that theme: AI and next-generation software companies, held as a diversified basket rather than a single bet.
The Trade-off You Made By Not Chasing Yes, DELL holders made much more. 248.21% versus 66.4% is not close. The reality is that concentrating in the right single stock beat the basket. It usually does, when you nail it.
The other side of that coin is the graveyard of AI darlings that did not work out. Super Micro Computer (NASDAQ:SMCI), another AI server story, spent 2024 and 2025 giving back enormous gains after accounting concerns and delayed filings scared holders out. That is the tax you pay for single-stock exposure: the top of the trade comes with the possibility of the bottom of one. IGPT spreads that risk across dozens of AI and software names for an expense ratio of roughly 0.60% a year.
Worth noting: Dell itself now trades at a forward P/E of 21, with 14 Buy and 5 Strong Buy ratings from analysts. The stock trades at a fair multiple and stands as the highest-beta expression of a theme that has many expressions.
Process Beats Prediction Chasing hot tickers is stock-picking with extra regret attached. When you win, you celebrate. When you lose, you replay the entry every night. Owning the theme through something like IGPT hands you most of the move with a fraction of the emotional overhead, and it does not ask you to be right about which server vendor, which chip designer, or which software layer captures the most enterprise AI dollars.
The AI buildout is a multi-year capex cycle that extends well beyond any single earnings report. If your worry today is that you missed the Dell trade, the more useful question is whether your portfolio has any structural exposure to the driver behind it. Process over prediction. That is the whole game.
Contact [email protected] for any questions or corrections.
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Stock Market Mixed As Chips Rise While Small Caps, Dow, SpaceX Struggle; Ned Davis On Cash Dell Technologies (DELL) stock approached a buy point on Thursday after getting a price-target hike from a Wall Street analyst and an endorsement from President Donald Trump. On the stock market today, Dell stock rose 4.2% to close at 450.22. After this week, Dell stock is on track to have a new base with a 469.47 buy point, based on…
White House Comments Draw ScrutinyThis comment followed a $6 billion pledge from CEO Michael Dell to the administration’s Trump Accounts program.
Former chief White House ethics lawyer Richard Painter criticized Trump’s remarks and financial disclosures to Fortune, stating, “The baseline rule is, even if the president is not trading, there should never be an endorsement of a particular company.”
AI Demand Drives Market FundamentalsPatrick Moorhead of Moor Insights & Strategy told Fortune that Dell’s rally is driven by AI server demand rather than political endorsements.
Competing with Super Micro Computer, Inc. for large server deals, Moorhead stated, “Once they got attached to the AI trade, and they started selling a ton to the big neoclouds, that’s how this whole thing started.”
Critical Technical Levels for Dell StockFrom a trend perspective, Dell remains firmly in control: the stock is trading 9.3% above its 20-day SMA ($413.35), 32.8% above its 50-day SMA ($340.18), and 134.3% above its 200-day SMA ($192.73).
That kind of spacing typically signals a strong, extended uptrend—but it also means the chart can be more vulnerable to sharper pullbacks if buyers step away.
The bigger-picture structure still leans bullish after the golden cross in March (50-day SMA above the 200-day SMA), but traders will remember the stock broke below support in June—so overhead supply can show up quickly near prior highs.
With the 52-week high set in June and price still below that peak, the next push higher may need a clean breakout attempt rather than a grind.
Key Resistance: $469.50 — sitting right at the 52-week high area, where prior upside attempts can stall Key Support: $378.50 — a nearby pivot zone that sits well above the 50-day SMA, making it a key “trend health” level if tested DELL Stock Price Activity: Dell Technologies shares were up 3.78% at $448.32 at the time of publication on Thursday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) shares are trading at $28.82 in Thursday's midday session, extending a brutal stretch that has wiped out roughly a third of the stock's value in four weeks.
Key Takeaways Dividend-growth stocks may offer income and stability as AI valuation concerns pressure chip stocks. DELL is one of five stocks screened for dividend growth, sales growth, EPS growth and valuation metrics. TSM and TTDKY also met the article's dividend-growth screening criteria. Major U.S. stock indices ended the July 8, 2026, trading session on a dismal note, primarily due to escalating geopolitical tensions with Iran and rising Treasury yields. In particular, chip stocks that have been driving the equity markets lately, tumbled yesterday, thanks to persistent investor anxiety over artificial intelligence (AI) valuations.
Against this backdrop, risk-averse investors may find that steady dividend-growth stocks offer a more balanced mix of income and stability than high-beta growth plays at this stage.
These dividend-growth stocks boast a consistent track record of raising payouts, underscoring the balance-sheet strength and cash-flow resilience required to navigate a period in which the traditional growth narrative is being reassessed.
Stocks with a strong history of year-over-year dividend growth can help build a resilient portfolio with greater potential for capital appreciation compared to simple dividend-paying or high-yield stocks.
We have selected five dividend growth stocks — TDK Corp. (TTDKY - Free Report) , Dell Technologies (DELL - Free Report) , Corning Inc. (GLW - Free Report) , Hewlett Packard (HPE - Free Report) and Taiwan Semiconductor (TSM - Free Report) — that could be solid choices for your portfolio.
Why Is Dividend Growth Better?Stocks with a strong history of dividend growth are typically associated with mature companies that are less prone to sharp market swings, allowing them to serve as a hedge against economic or political uncertainty, as well as broader market volatility. Their steadily rising payouts provide a measure of downside protection.
These companies are generally backed by solid fundamentals, making them attractive long-term dividend-growth investments. Key strengths include durable business models, consistent profitability, expanding cash flows, healthy liquidity, strong balance sheets and attractive valuations.
A consistent history of dividend growth underscores the potential for continued growth ahead.
Although these stocks do not necessarily have the highest yields, they have outperformed the broader stock market or any other dividend-paying stock for an extended period.
As a result, selecting dividend-growth stocks appears to be a winning strategy when other key parameters are taken into account.
5-Year Historical Dividend Growth Greater Than Zero: This selects stocks with a solid dividend growth history.
5-Year Historical Sales Growth Greater Than Zero: This represents stocks with a strong record of growing revenues.
5-Year Historical EPS Growth Greater Than Zero: This represents stocks with a solid earnings growth history.
Next 3-5 Year EPS Growth Rate Greater Than Zero: This represents the rate at which a company’s earnings are expected to grow. Improving earnings should help companies sustain dividend payments.
Price/Cash Flow Less Than M-Industry: A ratio lower than the industry median indicates that a stock is undervalued within its industry, meaning an investor would pay less for the company’s cash flow.
52-Week Price Change Greater Than S&P 500 (Market Weight): This ensures that a stock has appreciated more than the S&P 500 over the past year.
Top Zacks Rank: Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally outperform their peers in all types of market environments.
Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
These few criteria alone narrowed the universe from more than 7,700 stocks to just six.
Here are the five out of those six stocks that fit the bill:
Tokyo-based TDK Corp. is an electronics manufacturer specializing in magnetic and material sciences. It primarily designs and produces passive electronic components (like capacitors and inductors), sensors, energy storage devices, and magnetic recording heads, which are foundational to smartphones, automobiles, and industrial equipment. The Zacks Consensus Estimate for TDK’s fiscal 2027 revenues suggests a year-over-year improvement of 2.7%. The stock boasts a long-term (three-to-five years) earnings growth rate of 15.60%. It has an annual dividend yield of 0.77%.
TTDKY currently carries a Zacks Rank #2 and has a Growth Score of B.
Texas-based Dell Technologies is a leading provider of servers, storage, and personal computers. The company’s IT solutions support customers in traditional infrastructure and multi-cloud environments. The Zacks Consensus Estimate for DELL’s fiscal 2026 revenues suggests a year-over-year improvement of 50.2%. The stock boasts a long-term earnings growth rate of 26.40%. It has an annual dividend yield of 0.60%.
DELL currently sports a Zacks Rank #1 and has a Growth Score of A.
New York-based Corning Inc. specializes in manufacturing advanced glass, ceramics, and optical fiber. The Zacks Consensus Estimate for GLW’s 2026 revenues suggests a year-over-year improvement of 13.9%. The stock boasts a long-term earnings growth rate of 23.90% and has an annual dividend yield of 0.60%.
GLW currently carries a Zacks Rank #2 and a Growth Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Headquartered in Texas, Hewlett Packard is an enterprise-facing hardware and service business that focuses on servers, supercomputers, storage, networking and cloud services. The Zacks Consensus Estimate for HPE’s fiscal 2026 revenues suggests a year-over-year improvement of 31.5%. The stock boasts a long-term earnings growth rate of 32% and has an annual dividend yield of 1.31%.
HPE currently sports a Zacks Rank #1 and a Growth Score of B.
Taiwan-based Taiwan Semiconductor is the world's first dedicated semiconductor foundry. It manufactures integrated circuits for its customers based on their proprietary IC designs using its advanced production processes. The Zacks Consensus Estimate for TSM’s 2026 revenues suggests a year-over-year improvement of 32.3%. The stock boasts a long-term earnings growth rate of 25.90% and has an annual dividend yield of 0.69%.
TSM currently carries a Zacks Rank #2 and a Growth Score of B.
Listen to the audio version of this article (generated by AI).
The AI infrastructure story that has dominated markets for the past two years has had one assumed ending: eventually, every enterprise will migrate its AI workloads to the hyperscaler cloud. AWS, Azure, Google Cloud, Oracle (ORCL) — pick your platform, pay per token, and let someone else worry about the hardware.
JPMorgan Chase (JPM) just added an important asterisk.
This week, SambaNova Systems — an AI chip company that Intel (INTC) reportedly tried to acquire for about $1.6 billion less than a year ago — raised $1 billion at an $11 billion valuation.
The customer that made the announcement so interesting was JPMorgan Chase, which selected SambaNova as its inference-infrastructure partner, deploying its systems to power secure, on-premises AI inference at the bank.
The speed of the startup’s re-rating — and who signed on as the anchor customer — isn’t an accident.
JPMorgan Just Put an Asterisk on the Cloud-Only AI Thesis The mainstream AI infrastructure thesis assumes that inference demand — the workload created every time an AI model answers a query, writes code, or completes a task — primarily flows through hyperscaler cloud platforms.
That’s been true so far, and it will remain true for most of the market.
But JPMorgan’s decision points to a segment that the cloud-first narrative underweights: enterprises and institutions that simply cannot send their most sensitive data to a third-party server.
Banks hold client data and proprietary trading strategies they can’t expose. Hospitals manage patient records that federal law requires them to protect. Defense contractors and government agencies often face outright restrictions on running sensitive workloads on commercial cloud infrastructure.
For these organizations, cloud economics are appealing on paper. But that architecture comes with a data exposure risk they can’t accept.
SambaNova’s CEO framed the JPMorgan win as a signal to the whole banking industry: banks want control over their most sensitive inference, and they’re starting to build for it. And the vendors that give them that control are about to have a very interesting few years.
Why Enterprise AI Inference Looks Different From Chatbots We’ve written at length about the inference supercycle — the shift from AI as a training-era story to AI as a persistent, always-on workload running inside enterprise operations. Agentic AI is accelerating that shift, with agent-based workflows consuming more compute than single-shot queries ever did.
What SambaNova’s round shows is that the inference supercycle has a niche the market hasn’t fully accounted for.
A meaningful slice of enterprise inference demand won’t flow through hyperscaler APIs. It will run on-premises, inside the firewall, on hardware owned and operated by the enterprise itself.
Liang noted that enterprises and governments are just starting their AI journey, with most growth so far concentrated among tech’s model makers and frontier labs — leaving substantial revenue still on the table. In regulated industries specifically, that revenue goes to whoever sells the hardware, the networking, the storage, and the software stack that makes on-premises inference work.
But the next phase of the AI trade has more moving parts than most investors realize. If you want to hear where I think the smartest money in AI is moving next — my highest-conviction ideas, live and in-person — I’ll be at the Stansberry Conference & Alliance Meeting in Las Vegas later this year. Interested? Reserve your discounted seat before they sell out.
The AI Infrastructure Trade Is Splitting Between Cloud and On-Prem The picks-and-shovels thesis for AI infrastructure remains intact. The global AI inference market is valued at roughly $120 billion in 2026 and projected to reach $300-plus billion by 2034. That demand has to live somewhere.
Now that “somewhere” is looking a bit more bifurcated.
Hyperscaler cloud captures the majority of it. Within regulated industries, on-premises inference is forming as its own distinct market. Banks, hospital systems, and government agencies can build a compelling economic case for owning their own hardware. The cost per token math favors on-premises at sufficient utilization. And when the regulatory constraints are real, the economics almost don’t matter. Cloud simply isn’t a viable option for their most sensitive workloads.
The names positioned for this are the same ones we’ve been writing about. Dell‘s (DELL) AI Factory already has more than 4,000 enterprise customers. Everpure (P) — formerly Pure Storage — has rebuilt its platform specifically to make enterprise data accessible to AI workloads without the overhead of replication.
JPMorgan’s decision just made their pitch to the next bank a lot easier.
The Bottom Line SambaNova going from a rumored $1.6 billion acquisition target to raising at $11 billion in under a year reflects something real: private capital has decided that secure, on-premises enterprise AI inference is a durable market, and the price of getting in has changed accordingly.
The frontier labs and hyperscalers drove the first phase of this trade. The enterprise and sovereign deployment wave is the second phase — and within regulated industries, it plays by different rules. Banks, hospital systems, and government agencies don’t move fast. But when they do, they move at scale, under long-term contracts, with infrastructure budgets that tend to be sticky.
Other banks are likely watching JPMorgan’s move. So are certain corners of healthcare and government. For data-sensitive organizations, this could be the new blueprint.
The inference supercycle is real, and the hyperscaler cloud will capture most of it. But within sensitive sectors, a structurally distinct market is forming for secure, on-premises inference infrastructure. For the companies best positioned to serve it, it’s a durable one.
And durable infrastructure spend is exactly what the most sophisticated private capital has been positioning around… not at the application layer or the model layer, but underneath all of it.
The energy systems, nuclear capacity, and physical fabrication that make persistent AI compute possible — whether it runs in a hyperscaler’s data center or inside JPMorgan’s firewall — are being secured through private funds and bilateral agreements that most investors never see.
And though most of those positions aren’t accessible publicly, there are seven publicly traded stocks that mirror those same bets almost exactly — the hard-asset backbone of an infrastructure build that isn’t slowing down regardless of where enterprises decide to run their workloads.
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.
Dell Technologies Inc. (NYSE:DELL) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.
Understanding the Power Inflow Signal
Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.
DELL Intraday Performance
At the time of the Power Inflow, DELL was priced at $419.72. Following the signal:
• Intraday High As Of 2:00 PM EST: $437.24 (+4.17%)
This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
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In the latest trading session, Dell Technologies (DELL - Free Report) closed at $416.98, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 1.16%.
Heading into today, shares of the computer and technology services provider had gained 2.75% over the past month, outpacing the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of Dell Technologies in its upcoming release. It is anticipated that the company will report an EPS of $4.88, marking a 110.34% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $46.48 billion, up 56.1% from the prior-year 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.75% higher. As of now, Dell Technologies holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 21.93. This expresses no noticeable deviation compared to the average Forward P/E of 21.93 of its industry.
Investors should also note that DELL has a PEG ratio of 0.83 right now. 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 average PEG ratio for the Computer - Micro Computers industry stood at 2.72 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 21, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
Dell Technologies (DELL - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this computer and technology services provider have returned +2.8%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Computer - Micro Computers industry, which Dell Technologies falls in, has gained 1.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Dell Technologies is expected to post earnings of $4.88 per share, indicating a change of +110.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.3% over the last 30 days.
The consensus earnings estimate of $18.77 for the current fiscal year indicates a year-over-year change of +82.2%. This estimate has changed +0.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $22.63 indicates a change of +20.6% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed +0.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Dell Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Dell Technologies, the consensus sales estimate of $46.48 billion for the current quarter points to a year-over-year change of +56.1%. The $170.55 billion and $190.09 billion estimates for the current and next fiscal years indicate changes of +50.2% and +11.5%, respectively.
Last Reported Results and Surprise HistoryDell Technologies reported revenues of $43.84 billion in the last reported quarter, representing a year-over-year change of +87.5%. EPS of $4.86 for the same period compares with $1.55 a year ago.
Compared to the Zacks Consensus Estimate of $35.46 billion, the reported revenues represent a surprise of +23.62%. The EPS surprise was +59.87%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
HomeIndustriesComputers/ElectronicsTech StocksTech StocksThe president recommended that people buy Dell computers while speaking about the launch of ‘Trump accounts’ on MondayUpdated July 6, 2026, 4:14 p.m. ET
Dell Technologies’ stock got another bump from President Donald Trump on Monday as he spoke about the launch of a new type of investment account for children.
Shares of the electronics maker DELL closed up 4.4% on Monday, but they had risen as much as 8.9% earlier in the session, according to Dow Jones Market Data. That came after the president thanked company founder Michael Dell for his investment in “Trump accounts” and advised people to “go out and buy a Dell computer.”
President Trump told Americans to “go out and buy a Dell computer” on Monday — sending shares of the Texas-based tech giant soaring as much as 7.8% in intraday trading.
Dell shares shot up after the president praised founder Michael Dell and his wife, Susan, during a launch event for Trump Accounts, the savings accounts that the billionaire couple has prominently backed.
“Michael and Susan Dell, they are truly incredible,” Trump said from the Oval Office after ringing the opening bell for Monday’s trading session on Wall Street.
Michael (second from left) and Susan Dell (far left) pledged more than $6 billion to help fund the Trump Accounts initiative. REUTERS The Dells have pledged more than $6 billion to the Trump Accounts initiative, which launched July 4.
“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,” Trump said of Michael Dell.
Trump’s investment accounts bought between $1 million and $5 million of Dell stock in February.
The government has deposited the first $1,000 into over 500,000 Trump Accounts, Trump said Monday.
The program provides tax-advantaged investment accounts for children, including the one-time contributions of $1,000 from the Treasury Department for babies born between 2025 and 2028. Companies can make additional contributions.
Dell — the Houston native whose estimated $210 billion fortune ranks him as the world’s fifth-richest person on the Bloomberg Billionaires Index — hailed the initiative as a way to give millions of American children a financial stake in the country’s future.
“This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism,” Dell wrote on X over the July 4 weekend.
President Trump called Michael and Susan Dell “truly incredible” after the couple pledged more than $6 billion to Trump Accounts. REUTERS “Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.”
The White House event drew a roster of Wall Street executives and administration officials, including Altimeter Capital founder Brad Gerstner, Treasury Secretary Scott Bessent, Securities and Exchange Commission Chairman Paul Atkins, New York Stock Exchange President Lynn Martin, Intercontinental Exchange CEO Jeffrey Sprecher and Sen. Ted Cruz (R-Texas).
Dell shares jumped as much as 7.8% after Trump praised the company during the launch of Trump Accounts. Google Market Gerstner, whose Invest America charitable foundation has championed the program, said the accounts would help fulfill “the promise of the American dream, not for some but for everybody.”
A growing list of companies — including Goldman Sachs, Morgan Stanley, BlackRock, JPMorgan Chase, Robinhood and Intel, along with News Corp., The Post’s parent company — have also pledged to match the government’s $1,000 contribution for eligible employees’ children.
Robinhood CEO Vlad Tenev called the accounts potentially “life changing,” while SpaceX President Gwynne Shotwell said she would donate a share of SpaceX stock to a Trump Account for each of more than two million children nationwide.
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.
