DELL Rides on Growing AI Clientele: Can the Stock Outpace SMCI & CSCO?

Dell Technologies is capitalizing on surging AI infrastructure demand with over 6,500 AI Factory customers and a $95B backlog. The company expects fiscal 2027 AI-server revenues of $74B, roughly triple prior-year levels. However, Dell faces intensifying competition from Super Micro Computer and Cisco Systems, both expanding their AI customer bases and capabilities.