Sep. 22 at 7:55 AM
$SMCI $NVDA $DELL At the moment, Dell has successfully leveraged its corporate relationships to fuel AI server contracts from the likes of Tesla, xAI, and CoreWeave, competing with SMCI for these contracts.
However, if the economy shifts to a model where owning the physical capability to build without human intervention is the supreme asset, the advantage swings heavily to whoever owns the domestic factories, not just the sales contracts.
SMCI is winning the domestic manufacturing capability, it has the largest capacity for US based production of the two and this gives them a protective moat for future regulation when it comes to domestic manufacturing.
DELL does manufacture some of their systems within the US, however the majority is contracted out to overseas third parties.
