Core Viewpoint - The personal computer (PC) market is projected to experience modest growth, with Apple and Dell Technologies positioned differently in terms of market share and product offerings, particularly in the context of AI integration and evolving consumer demands [1][3][17]. Market Overview - Global PC shipment is expected to grow by 2.1% year-over-year in 2025, reaching a total of 422.6 million units by 2029, with a compound annual growth rate (CAGR) of 0.4% from 2025 to 2029 [1]. - U.S. PC shipment growth is anticipated to be 1.7% in 2025, reaching 70.4 million units, with commercial shipments expected to grow by 6.3% [2]. Company Performance Apple - Apple's Mac business is benefiting from strong demand for its M4 chip series, with a new MacBook Air offering up to 18 hours of battery life and advanced camera features [6]. - In Q1 2025, Apple gained market share, achieving 8.7%, an increase of 70 basis points year-over-year, with shipments growing 14.1% to 5.5 million units [7]. - The consensus estimate for Apple's fiscal 2025 earnings has decreased by 0.6% to $7.18 per share, indicating a growth of 6.37% over fiscal 2024 [12]. Dell Technologies - Dell's Client Solutions Group reported revenues of $11.88 billion in Q4 fiscal 2025, a 1% increase year-over-year, with commercial client revenues rising by 5% [10]. - Dell's market share in Q1 2025 was 15.1%, down 30 basis points year-over-year, with shipments growing 3% to 9.6 million units [10]. - The earnings estimate for Dell's fiscal 2026 is $8.97 per share, unchanged over the past 60 days, reflecting a 10.2% increase from fiscal 2025 [11]. Valuation Comparison - Dell Technologies shares are considered cheaper than Apple's, with a Price/Sales ratio of 0.57X compared to Apple's 7.13X, indicating a more favorable valuation for Dell [13][14]. - Dell has a Value Score of B, while Apple has a Value Score of D, suggesting that Dell may offer better value at current prices [13]. Conclusion - Dell Technologies is viewed as a better investment option due to its strong AI-powered PC portfolio, solid partnerships, and more attractive valuation compared to Apple, despite both companies holding a Zacks Rank of 3 (Hold) [17].

Core Insights - The article discusses the concept of shareholder yield, which combines dividend yield, buyback yield, and debt paydown yield to assess a company's capital allocation and its commitment to returning value to shareholders [1][2][13]. Group 1: Shareholder Yield Overview - Shareholder yield is a comprehensive metric that includes dividend yield, buyback yield, and debt paydown yield, providing insight into how much capital a company returns to its shareholders [1][2]. - Debt paydown yield reflects the reduction of a company's debt relative to its market capitalization, which can enhance shareholder value by making the company appear less risky [2]. Group 2: Company Analyses - **Synchrony Financial**: Achieved a shareholder yield of just under 11% through buybacks (approximately $1 billion, 5.5% buyback yield), dividends (2.1% yield), and a debt paydown yield of 3% with a net debt reduction of over $500 million [4][5][6]. - **Tapestry**: Reported an extraordinary shareholder yield of 55%, with a 2.2% dividend yield, over 14% buyback yield from $1.9 billion in net share repurchases, and a significant debt paydown yield of over 38% after retiring $8.3 billion in debt [7][8][9]. - **Dell Technologies**: Recorded a shareholder yield of just under 10%, with a 2.1% dividend yield, over 5% buyback yield from $3.1 billion in repurchases, and a debt paydown yield of around 2.2% after repaying $10.6 billion in debt [11][12]. Group 3: Market Performance - Synchrony Financial experienced a total return of over 70% in 2024, while Tapestry achieved a total return of over 77% [5][9]. - Dell Technologies faced a challenging 2025, with shares dropping approximately 25% due to tariff impacts on international manufacturing [12].

Dell Technologies (DELL) closed the latest trading day at $85.49, indicating a +0.35% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. On the other hand, the Dow registered a loss of 0.39%, and the technology-centric Nasdaq decreased by 0.05%.The computer and technology services provider's stock has dropped by 12.77% in the past month, falling short of the Computer and Technology sector's loss of 6.26% and the S&P 500's loss of 3.94%.Market ...

For Immediate ReleaseChicago, IL – April 15, 2025 – Today, Zacks Equity Research Equity are Dell Technologies (DELL) and HP (HPQ) .Industry: Computer and TechnologyLink: https://www.zacks.com/commentary/2448493/2-stocks-to-watch-from-the-challenging-computer-industry?art_rec=home-home-investment_ideas_stocks-ID10-txt-2448493The Zacks Computer – Micro Computers industry participants are suffering from waning demand for consumer PCs. Heightened geopolitical challenges, post U.S. President Donald Trump’s decis ...

4月14日，市场调查机构Gartner发布报告称，2025年第一季度全球PC（个人电脑）出货量达5900万台， 同比增长4.8%，其中联想以1528万台出货量稳坐头把交椅。不过PC市场逆势增长背后，终端需求其实 仍未摆脱低迷状态，一个重要原因就是厂商为应对可能的关税政策而大幅增加库存，导致出货量增长。 同时，近日，市场研究公司Canalys和IDC的报告分别显示，2025年第一季度全球PC出货量同比增长超 过9%、4.9%。对于今年一季度PC出货量超预期增长的原因，两家机构均提及，经销商为了避开即将到 来的报复性关税，提前囤货，而PC厂商也在进行配合。 《中国经营报》记者注意到，已有多家企业和机构提醒PC零部件价格将迎来上调，推动电脑价格上 涨。其中，美国最大定制PC制造商之一的META PC预测：零部件价格最高将上涨50%。多位业内人士 向记者表示，"对等关税"政策下，PC市场及供应链将迎来考验，电脑价格上涨或难避免，市场格局也 会出现变动，产业链及消费者可提前做好准备。 PC出货量超预期增长市场集中度提高 Gartner报告显示，具体到厂商方面，全球前六大厂商排名未发生重大变化，联想以1527.5万台的出 ...

智通财经APP获悉，根据Insider Mondey近期发布的一份"亿万富翁眼中值得买入的30只最佳AI股票"榜 单，戴尔科技(DELL.US)位列其中，该股受到亿万富翁及对冲基金青睐，大摩等机构也看好其未来借力 AI热潮的积极发展。 过去几个月，受AI热潮推动，美国经济前景一片乐观。但近期特朗普为扶持美国制造业所采取的关税 政策出台转头就泼了冷水。这一系列举措迅速冲击全球股市，各大主要指数皆呈螺旋式下跌。而最新一 轮关税上调，已使"七巨头"市值蒸发数万亿美元。七巨头主导着美国基准指数，且在AI领域投入巨大。 戴尔科技受到众多亿万富翁投资者及对冲基金的青睐，持有其股票的对冲基金数量为63家，持有其股票 的亿万富翁投资者数量为11位，其中亿万富翁持股市值为2.58亿美元。 戴尔科技从事各类综合集成解决方案、产品及服务的设计、开发、制造、营销、销售和技术支持。该公 司通过与超大规模数据中心运营商在服务器领域的合作，以及生产具备AI功能的个人电脑，涉足AI领 域。 市场研究公司国际数据公司(IDC)的最新报告指出，如果关税持续存在，预计将在包括IT行业在内的多 个市场引发供应链中断和通胀挑战。据路透社报道，在上周特 ...

Tech and electronics stocks are charging higher to kick off the week, following a temporary exemption from President Donald Trump’s reciprocal tariffs. Best Buy Co Inc (NYSE:BBY) and Dell Technologies Inc (NYSE:DELL) are among the biggest beneficiaries, both rallying on news that smartphones, computers, and key components like semiconductors will be excluded from the latest round of trade duties, returning to just the 20% tariff related to the fentanyl crisis. The White House’s move appears to have sparked ...

智通财经4月14日电，花旗集团将戴尔科技目标价从145美元下调至105美元。 ...

智通财经4月14日电，部分电子产品关税豁免后，美股计算机硬件制造商盘前上涨。戴尔上涨6.8%，惠 普上涨6.3%，希捷上涨4.8%。 ...

Group 1: AI Market Overview - The artificial intelligence (AI) revolution is advancing rapidly, significantly impacting global business productivity and creativity despite stock market volatility at the start of 2025 [1] - High-performance data centers are crucial to the AI ecosystem, with Super Micro Computer and Dell Technologies being key players providing essential server equipment and storage hardware [2] Group 2: Supermicro Analysis - Supermicro has shown remarkable growth, with a 1,470% return over the past five years, despite a 66% decline from its 52-week high [3] - The company specializes in rack-scale computer systems that support GPU-based AI chips, leveraging its technical leadership in direct-liquid cooling (DLC) technology for energy efficiency [4] - Supermicro anticipates revenue of $23.5 billion to $25.0 billion in fiscal 2025, representing a 62% year-over-year increase, with a potential path to $40 billion in revenue by next year [5] - The company faced challenges, including a DOJ investigation and auditor resignation, but has since resolved some issues and released an audited report, although uncertainties remain [6] Group 3: Dell Technologies Analysis - Dell Technologies benefits from diversification, generating $96 billion in revenue in fiscal 2025, making it four times larger than Supermicro [8] - The company reported an 8% year-over-year revenue increase, with adjusted EPS rising 10% to $8.14, and its AI servers and networking segment revenue grew 54% annually [9] - Dell's focus on AI-powered PCs positions it well for an anticipated industry-wide replacement cycle for AI-ready devices [10] - Dell shares trade at a forward P/E ratio of 9.2, indicating potential undervaluation compared to Supermicro's 14.3, along with a 2.1% dividend yield supported by strong free cash flow [11][12] Group 4: Investment Considerations - Supermicro is considered the better AI stock due to its specialized focus on AI infrastructure and leadership in liquid cooling solutions, despite being riskier than Dell [13] - The growth outlook for Supermicro may offer more upside potential if regulatory uncertainties are managed effectively [13]