Dell

Morgan Stanle

2026-09-22 06:31:00

Morgan Stanley says storage is still early-cycle, servers lag behind, and PCs are deteriorating fast

Morgan Stanley said in a Sept. 21 IT hardware report that enterprise hardware spending stayed strong in the second quarter, with traditional server revenue up 87% year over year, storage up 34%, and PC revenue up 14%, each at their fastest pace in more than a decade outside the pandemic period. The firm’s main call is that storage remains in the early stage of an upward cycle, the server cycle is later, and the PC opportunity has already worsened quickly. It said the market is now looking past the recent strength and focusing on how long the cycle can last, noting that six of eight enterprise hardware OEM, VAR, and distributor stocks traded at lower valuation multiples after earnings even though next-fiscal-year EPS estimates were revised up by an average of 12%. Among names under coverage, Morgan Stanley said its top picks are P and SNX, followed by HPE. It kept Dell at Equal-weight despite raising its price target to $511 from $499, arguing that strong execution is already reflected in valuation and that late-cycle earnings durability is less clear. It reiterated Overweight on P with a $119 target and highlighted Sept. 23 analyst day as a key event. It also kept Underweight on HPQ with a $19 target, citing pressure from weakening PC demand and margins. The report flagged a heavy catalyst calendar stretching from Dell’s Sept. 22 COO meeting through early-October IDC PC data and Taiwan ODM monthly revenue disclosures.

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Morgan Stanle

2026-09-22 06:14:08

Morgan Stanley says enterprise hardware spending stayed strong in Q2, with storage still early in the cycle

Morgan Stanley’s Sept. 21, 2026 IT hardware report argued that the key debate in enterprise hardware is no longer whether spending is strong, but how long the cycle can last. The bank said second-quarter revenue growth reached 87% for traditional servers, 34% for storage, and 14% for PCs, marking the fastest pace in more than a decade outside the pandemic period. Even so, valuation multiples fell after earnings for six of eight enterprise hardware names Morgan Stanley tracks, despite an average 12% upward revision to next-fiscal-year EPS. The firm’s main call is that storage remains in the early phase of an upswing, the server cycle is further along, and the PC opportunity has deteriorated quickly. Morgan Stanley said its top picks are P and SNX, followed by HPE. It kept Dell at Equal-weight, saying execution has been the strongest in the group but valuation already reflects much of that strength. HPQ remained Underweight as the bank pointed to pressure from both PC demand and margins. Morgan Stanley also highlighted a dense catalyst calendar over the next few weeks, including Dell’s COO event on Sept. 22, P’s analyst day on Sept. 23, SNX earnings on Sept. 24, HPE’s networking analyst day on Sept. 30, early IDC third-quarter PC data in early October, and monthly Taiwan ODM revenue updates before Oct. 10.

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WEEX

2026-09-14 07:39:50

WEEX Labs flags Dell, HPE rally as markets turn to CLARITY Act vote and Fed decision

WEEX TradFi data showed Dell Technologies (DELL) surged more than 12% last Friday to a record high, while Hewlett Packard Enterprise (HPE) also posted a gain of about 12%. WEEX Labs said Dell’s sharp move was driven by two factors cited in its market read: rising expectations for AI server orders and shipments, which have improved visibility on demand from major computing clients, and a firmer fundamental case for hardware names as cloud providers expand capital spending. The firm also warned that this week will test macro policy expectations. It pointed to two dates at the center of market attention: a key procedural vote on the CLARITY Act on Sept. 15 Eastern Time, and the Federal Reserve’s Federal Open Market Committee rate decision on Sept. 16. According to WEEX Labs, the strength of any move in U.S. equities and crypto will depend on how the Fed frames the probability of further rate hikes, what its dot plot signals about the path ahead, and how the bill progresses.

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Oracle

2026-09-12 14:10:59

Oracle names Dell and HPE as AI data center suppliers; both stocks jump more than 12%

Oracle Chief Financial Officer Hilary Maxson said on a Sept. 10 post-earnings call that the company expects fiscal 2027 capital expenditures of $90 billion to $95 billion, with most of the spending going to racks, liquid cooling and networking gear for AI data centers. She explicitly identified Hewlett Packard Enterprise and Dell as suppliers. The next trading day, Dell rose 11.98% to close at $567.29, setting a record high and lifting its market capitalization to $360.6 billion, while HPE gained 12.44%. Oracle itself moved in the opposite direction, falling 1.74% on the same day, and was down about 7% across two trading sessions including its Sept. 10 earnings-day decline. The report also noted that Dell had another catalyst: RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target. Separately, Dell had already disclosed in its Sept. 1 earnings report that its fiscal 2027 second-quarter AI server revenue reached $16.4 billion, new AI server orders came in at $60.9 billion, and backlog hit a record $95 billion.

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Oracle

2026-09-12 07:32:17

Dell jumps nearly 12% to a record after Oracle names it in AI spending push

Oracle management said during its earnings call that fiscal 2027 capital expenditure of $90 billion to $95 billion will be focused on expanding AI data centers, and specifically named suppliers including Dell and HPE. The comments lifted Dell Technologies shares 11.98% on Friday, sending the stock to an all-time high and pushing its market capitalization above $360 billion. The company is now up nearly 350% for the year. Oracle had previously said fiscal 2027 capex would rise sharply, with spending aimed mainly at AI server racks, liquid cooling and networking equipment. At the same time, continued growth in Oracle’s AI cloud orders has improved visibility into Dell’s future AI server demand. RBC Capital also initiated coverage on Dell with an Outperform rating, arguing the company stands to benefit from a multiyear AI infrastructure investment cycle and that its supply chain capabilities form a competitive barrier. Dell said it now has more than 6,500 AI server customers. Its second-quarter AI server revenue reached $16.4 billion, up 100% year over year, while AI server backlog stood at $95 billion at the end of the quarter.

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US stocks

2026-09-12 01:00:14

U.S. stocks close higher as AI names rally, with Dell up 11.98%

U.S. equities finished higher, according to data from MSX.COM, with the Dow Jones Industrial Average rising 0.98%, the S&P 500 gaining 0.86%, and the Nasdaq advancing 0.96%. The VIX volatility index fell 11.21% by the close. AI-related stocks posted broad gains. Dell rose 11.98%, onsemi added 8.51%, Super Micro Computer climbed 7.28%, Arista Networks gained 5.61%, and NXP advanced 4.48%. The report also noted that MSX is a major RWA trading platform. It has listed hundreds of RWA tokens tied to popular U.S. stocks and ETFs, including NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

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AI

2026-09-08 12:30:00

Storage chip rally and S&P reshuffle put Bloom Energy, Dell and SanDisk in focus

U.S. stocks tied to memory, AI hardware and related infrastructure moved sharply higher in late trading Friday, with SanDisk jumping 11.9%, SK Hynix rising more than 8%, and Micron Technology gaining more than 6%. After the close, S&P Dow Jones Indices announced its quarterly index changes, adding Bloom Energy, Illumina and Everpure to the S&P 500, while Dell, Palo Alto Networks, Arista Networks and SanDisk were added to the S&P 100. The moves came as the market digested Nvidia’s confirmed plan to acquire AI development platform Hugging Face for about $12.9 billion, a deal the article frames as a push beyond compute and into the full AI development and deployment workflow. That shift has renewed attention on memory and storage suppliers, as AI model training and deployment require both GPUs and large amounts of high-bandwidth and flash memory. The report also highlights Bloom Energy’s latest quarter, in which revenue reached $1.07 billion, up 166% year over year, and adjusted EBITDA came in at $253.4 million, well above Wall Street expectations of $149.4 million. Against that backdrop, the article reviews the latest S&P index additions and breaks down several names investors are tracking across AI cybersecurity, data center networking, power infrastructure, storage and AI servers.

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Dell

2026-09-04 22:44:51

Dell Ships First Nvidia Vera Rubin NVL72 AI Server Racks to CoreWeave

Dell Technologies has delivered the inaugural Nvidia Vera Rubin NVL72 AI server racks to CoreWeave, marking a milestone in AI efficiency and potential cost-energy reduction.

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