Jul. 2 at 7:53 AM
$DELL from Morgan Stanley: AI servers remain a source of momentum for DELL, with recent checks suggesting up to 50% upside vs. our
$17B FY26 est - Following our trip to Taiwan earlier this month, our confidence in DELL’s ability to outperform its
$15B+ AI server revenue guide increased dramatically. Recent checks suggest DELL AI server builds could reach
$25B in FY26, ~50% above our current
$17B forecast and ~70% above management's guidance.
$8B of AI server upside would represent ~50c of EPS upside in FY26
