Core Insights - Dell Technologies (DELL) shares have increased by 24.3% over the past six months, lagging behind the Zacks Computer & Technology sector's 27.7% return and the Computer - Micro Computers industry's 40.8% growth [1][9] - The underperformance is attributed to supply-chain constraints and competitive pressures in the PC and AI server markets [2][19] - Strong demand for AI servers is benefiting Dell, driven by digital transformation and interest in generative AI applications [2][19] Dell's Performance and Growth - Dell's Infrastructure Solutions Group (ISG) revenue grew by 24% year over year to $14.10 billion in Q3 of fiscal 2026, marking seven consecutive quarters of double-digit growth [5][9] - The company recorded $12.3 billion in AI server orders in Q3, totaling $30 billion year-to-date, with $5.6 billion worth of AI servers shipped in the same quarter [6][9] - Dell ended Q3 with a record backlog of $18.4 billion in AI server orders, indicating sustained demand from a diverse customer base [7][9] - For Q4 of fiscal 2026, revenues are projected between $31 billion and $32 billion, suggesting a 32% year-over-year growth [10] - Non-GAAP earnings for Q4 are expected to be $3.50 per share, indicating a 31% growth year over year [11] Fiscal 2026 Guidance - For fiscal 2026, revenues are anticipated to be between $111.2 billion and $112.2 billion, reflecting a 17% year-over-year growth [12] - Non-GAAP earnings are expected to be $9.92 per share, up 22% year over year [13] Valuation and Competition - Dell shares are considered undervalued, with a forward 12-month Price/Sales ratio of 0.78X compared to the sector's 6.73X [14] - Despite its strengths, Dell faces stiff competition from companies like Cisco Systems, Hewlett-Packard, and Super Micro Computers in the AI infrastructure space [16][19] - Cisco Systems reported over $1.3 billion in AI Infrastructure orders in Q1 of fiscal 2026, while Super Micro Computer is noted for being first to market with the latest AI servers [17][18]

Core Insights - The article discusses the investment potential in the shares of SMCI and DELL, highlighting a beneficial long position in these stocks [1]. Company Analysis - SMCI and DELL are identified as companies of interest for investment, with the author expressing a personal beneficial long position in their shares [1]. Industry Context - The article does not provide specific industry analysis or broader market context, focusing instead on the individual companies mentioned [1].

Core Insights - Tech stocks have experienced significant declines due to fears surrounding the AI bubble, with this sector being the hardest hit over the past 30 days as investors seek to recover losses [1] Group 1: Company Overview - Steven Cress is the Head of Quantitative Strategies at Seeking Alpha, managing quant ratings and factor grades for stocks and ETFs [1] - Cress leads Alpha Picks, a tool that identifies two attractive stocks to buy each month and advises on selling them [1] - The Seeking Alpha Quant Rating system, created by Cress, aims to interpret data for investors and provide insights on investment directions [1] Group 2: Investment Strategy - Cress emphasizes a data-driven approach to investment, utilizing sophisticated algorithms to simplify complex research [1] - The Alpha Picks tool is designed to assist long-term investors in building a high-quality portfolio [1] - Cress has over 30 years of experience in equity research, quantitative strategies, and portfolio management, enhancing his credibility in investment discussions [1]

Core Viewpoint - Dell is positioned to benefit from the AI boom by providing essential infrastructure rather than developing AI models itself [1] Company Analysis - Dell is seen as a bullish case due to its strategic positioning in the AI market [1] - The company has a strong understanding of the macroeconomic factors that influence asset performance, which enhances its investment potential [1] Industry Context - The AI boom presents significant opportunities for companies like Dell that focus on providing necessary technology and infrastructure [1]

Group 1 - Wang Jianlin's Wanda Group has made a rare "redemption" move by regaining control of a Wanda Plaza after selling over 80 plazas previously, indicating a strategic shift in management and ownership [3][5] - The management team of the company underwent a complete overhaul, with key positions being filled by new executives from Shanghai Wanda Ruichi Enterprise Management Co., Ltd., which is fully owned by Wanda [5] - Oriental Selection is expanding its offline presence by opening its first flagship store in Beijing, aiming to enhance its retail strategy after facing challenges in the past two years [5] Group 2 - Prada Group has completed the acquisition of Versace for €1.25 billion (approximately ¥102.78 billion), marking a significant consolidation in the luxury fashion sector [10] - TikTok plans to invest over 200 billion Brazilian Reais (approximately $377 million) to build a data center in Brazil, which will be its first project in Latin America [21] - JD.com has acquired approximately 59.8% of the shares in German retail giant CECONOMY, increasing its total stake to 85.2%, pending regulatory approval [23]

Core Viewpoint - The article maintains a bullish outlook on Dell Technologies (DELL) due to strong growth in the Infrastructure Solutions Group (ISG) and strategic actions to address weaknesses in the storage business [1] Group 1: Company Performance - Dell Technologies has shown robust growth in its Infrastructure Solutions Group (ISG) [1] - The company is taking strategic actions to mitigate weaknesses in its storage business [1] Group 2: Analyst Background - The author has extensive experience in risk management and financial analysis, with a strong technical background in data analysis using SQL, Python, and machine learning tools [1] - The author's expertise includes risk management, financial analysis, data science, and the impact of economic factors on financial markets [1]

Core Viewpoint - The article maintains a bullish outlook on Dell Technologies (DELL) due to strong growth in the Infrastructure Solutions Group (ISG) and strategic actions to address weaknesses in the storage business [1] Group 1: Company Performance - Dell Technologies has shown robust growth in its Infrastructure Solutions Group (ISG) [1] - The company is taking strategic actions to mitigate weaknesses in its storage business [1] Group 2: Analyst Background - The author has extensive experience in risk management and financial analysis, with a strong technical background in data analysis using SQL, Python, and machine learning tools [1] - The author's expertise includes risk management, financial analysis, data science, and the impact of economic factors on financial markets [1]

每经编辑｜何小桃 特朗普又有大动作。 据红星新闻报道，当地时间2日，美国白宫宣布，将为未满18岁的美国儿童开设"特朗普账户"，而在2025-2028年间出生的宝宝还将额外获得美国财政部 1000美元的注资。 尽管具体细节还未完全公布，目前可以确定的是，"特朗普账户"将成为美国儿童的税收优惠投资账户，主要用途是投资一些低成本的美股指数基金。而在 特朗普官宣的现场，戴尔电脑创始人迈克尔·戴尔和他的夫人苏珊成了最重要的座上宾。戴尔夫妇宣布，将为大约2500万名已出生的儿童每人捐赠250美元 的"种子基金"。 特朗普与戴尔夫妇握手，视频截图 儿童可注册税收优惠投资账户 特朗普任期内新生儿获1000美元注资 白宫官网公布的计划显示，每一个未满18岁的美国儿童只要持有效的社会安全号码，都能注册一个"特朗普账户"。父母/监护人、祖父母、其他家庭成 员、雇主等都能为"特朗普账户"注资，此外慈善机构和巨头企业也可以有选择地对符合条件的"特朗普账户"进行捐赠。 孩子年满18岁之前，这些资金不得动用。在孩子年满18岁之后，"特朗普账户"将转为退休账户性质，可取出一定比例的资金用于大学教育、购房首付、创 业成本等支出。只要不在年满5 ...

Core Insights - The tech sector's investment in AI infrastructure is driving Dell Technologies' growth, with the company reporting better-than-expected earnings and guidance due to strong demand for AI servers [2][4][5]. Financial Performance - For the quarter ending October 31, Dell's revenue increased by 11% year-over-year to $27 billion, marking a record for its fiscal Q3, with adjusted earnings rising 17% to $2.59 per share, surpassing analyst expectations [4]. - Dell anticipates a 32% year-over-year revenue increase in the current fiscal quarter, projecting $31.5 billion, significantly above the $27.6 billion consensus estimate [5]. AI Server Business Growth - Dell is expected to generate $25 billion in revenue from AI server sales for the fiscal year, reflecting a 150% increase from fiscal 2025 [6]. - The company received $30 billion in AI server orders during the first three quarters of the fiscal year, including $12.3 billion in fiscal Q3, resulting in a record AI server order backlog of $18.4 billion [7]. Market Outlook - The AI server market is projected to grow at a compound annual growth rate of nearly 39% through 2030, reaching $854 billion, with Dell currently outpacing this growth rate [8]. - Analysts have set an average 12-month price target for Dell at $170, indicating a potential gain of about 26% from current levels, with expectations for earnings to increase by 15% next fiscal year [10][11]. Valuation Metrics - Dell's stock is currently trading at 17 times trailing earnings, significantly lower than the Nasdaq 100 index's average of 32, suggesting potential for a higher valuation as growth accelerates [11]. - If Dell's earnings increase by 20% to $11.87 per share next fiscal year, and the stock trades at 25 times earnings, the price could reach $297, more than double its current price [12].

Core Insights - The Dell family, led by Michael Dell, has pledged to contribute an additional $6.5 billion to "Trump accounts" for children, specifically targeting those aged 10 and under who were born before 2025 [3] - The "Trump account" initiative allows for a one-time government deposit of $1,000 at birth, with parents able to contribute up to $5,000 annually, while employers can add up to $2,500 [6][7] - The Treasury Department estimates that these accounts could grow to $1.9 million over 28 years, assuming maximum contributions are made [5][19] Investment Structure - The "Trump account" is designed to provide a tax-advantaged investment option for children, with the potential for significant growth through compound interest [19] - Contributions from parents are not tax-deductible, but employer contributions are tax-free [7] - The accounts are intended to encourage long-term savings for children's futures, with funds accessible at age 18 [19] Financial Context - The average annual cost of raising a child is reported to be $29,419, reflecting a 35.7% increase from previous surveys [8] - Financial experts suggest that while the "Trump account" offers a government seed fund, other options like Roth IRAs and 529 accounts may provide better long-term benefits [21][22][23] - The initiative aims to fill a gap for children born before the end of 2024, as the government will provide the initial investment for those born after [4]