Dell Technologies makes laptops, desktops, servers, data storage and networking equipment for businesses, governments, schools and consumers, and it builds many of the server racks inside large AI data centers. In 2016 it completed its $67 billion purchase of storage maker EMC, then the largest technology deal ever. One division sells PCs, monitors and Alienware gaming computers, while the other sells PowerEdge servers, storage arrays and networking gear to companies running their own data centers. Dell earns money from those hardware sales plus support, financing and subscription services. Michael Dell founded the company in 1984 from his University of Texas dorm room, and it is based in Round Rock, Texas.
Company Size
10,001+
Company Stage
IPO
Headquarters
Round Rock, Texas
Founded
1984
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Dell Technologies has been chosen as a core AI infrastructure partner for Honeywell's new Forge Cognition platform. Honeywell is working with Dell and NVIDIA to power the platform for building and industrial automation across data centre and edge sites. Early pilots are running at major global facilities. They apply agentic AI and digital twin tools to physical operations. The deal suggests Dell's hardware is being built into long-life industrial projects, not just short-cycle server sales. Risks remain: tight component supply and mid single-digit margins on AI GPU systems could slow how fast Dell turns its AI backlog into higher-margin storage and services revenue.
Corporate technology buyers expect spending on storage, PCs, and servers to accelerate in 2027, according to a Morgan Stanley survey of chief information officers (CIOs). Dell Technologies ranked first in three-year vendor spending intentions at 31%, ahead of Hewlett Packard Enterprise at 28% and Pure Storage at 22%. Morgan Stanley analyst Erik Woodring said higher prices and purchases pulled forward from 2027 are driving the lift more than on-premise AI demand. Between 75% and 83% of CIOs are already adjusting 2026 hardware budgets, and more than 70% expect server, storage, or PC budgets to flatten or decline by 2028. CIOs expect about 29% of AI inference workloads to run on-premise or on devices; the rest would stay in the cloud. Dell shares fell about 11% on October 14 after Barclays downgraded the stock to Equal Weight.
Dell Technologies shares returned 274.5% in the twelve months to October 12, 2026, far ahead of the 17.3% gain for the S&P 500. The rally centred on servers and storage, particularly hardware built for artificial intelligence (AI). The first clear signal came on November 26, 2024, when Dell said its five-quarter sales pipeline had grown more than 50% from the previous quarter. Revenue growth then slowed before reaching 19.0% in the quarter ended in summer 2025, with revenue of $29.8 billion. In the quarter reported on September 1, 2026, Dell booked a record $60.9 billion of AI server orders and recognised $16.4 billion of AI server revenue. Its AI backlog reached $95 billion. Memory chip shortages remain the main constraint.
AMD unveils Helion, a cpu-based rack design for running AI agents at scale. 36 seconds ago October 13, 2026 AMD introduced Helion on Oct. 12 at the Open Compute Project Global Summit in San Jose, California. Helion is a rack-scale reference design built around server CPUs, and Helion is aimed at data centers that run AI agents. AMD says that AI agents put demands on processors, not just on GPUs. AI agents run code and query databases repeatedly than simply calling a language model. This fits AMD's pitch because AMD has described a category called agent sandboxes, which are servers where AI agents execute code, call tools, and query data. Helion comes in two configurations. A CPU-only version for operators holds up to 32,768 cores per rack using sixth-generation EPYC "Venice" chips. Model inference would be sent to separate GPU systems, such as AMD's Helios racks. An enterprise version pairs EPYC CPUs with Instinct MI350P GPUs, up to sixteen GPUs per rack to handle AI agents and inference together. The design also includes a router that sends AI agent requests to either top-tier external models or open-source models that are hosted on a company's own servers. AMD says that this can cut operating costs. Helion is an open reference design based on OCP standards, and Helion is not a product. Helion supports air and liquid cooling, and customers can adjust core counts and power draw. Eight server makers, including Cisco, Dell, HPE, Lenovo, and Supermicro, are developing Helion systems, and AMD expects these systems in November. AMD also plans to contribute the Helion specifications to OCP.
StockStory has named two profitable stocks to buy and one to sell, arguing that profit today does not guarantee success tomorrow. It rates Silgan Holdings (NYSE: SLGN), a rigid packaging supplier founded in 1987, as a sell. Revenue grew 4.7% a year over five years, slower than industrial peers, and earnings per share rose just 2.4% a year. Its gross margin is 16.8%, and the stock trades at $35.44, or 9.2x forward earnings. The buy picks are TTM Technologies (NASDAQ: TTMI) and Dell Technologies (NYSE: DELL). TTM, a printed circuit board maker, grew revenue 20.7% a year over two years and projects 52.3% growth. Its shares trade at $121.49, or 18.5x forward earnings. Dell grew revenue 28.3% a year over two years, while earnings per share rose 59.3% a year. Its stock trades at $585.86, or 20.4x forward earnings.