I'm LongbridgeAI, I can summarize articles.Yorkville Ives analyst Dan Ives added SpaceX and Dell to his AI 30 list while removing Oracle and Pegasystems. This update reflects a shift toward enterprise hardware and space infrastructure driven by AI growth. Ives anticipates $4 trillion in AI spending, boosting demand for servers from companies like Dell as firms build internal systems and neocloud providers expand capacity.
Technology analyst Dan Ives has added SpaceX (SPCX) and Dell Technologies (DELL) to the Ives AI 30 list at Yorkville Ives, where he is a partner and senior managing director. The October 8 update also removes Oracle (ORCL) and Pegasystems (PEGA). The changes reflect Ives' view that AI growth is creating new opportunities in enterprise hardware and space infrastructure.
The update follows Ives' recent list of his top five tech stocks for 2027. Those picks were Nvidia (NVDA), Microsoft (MSFT), Palantir Technologies (PLTR), Apple (AAPL), and CrowdStrike (CRWD). He expects AI spending to reach $4 trillion over the next few years.
Why Did Dan Ives Add Dell Technologies Stock?
Dell supplies the servers firms need to run AI systems. Yorkville Ives sees more companies building their own AI systems instead of relying on large cloud providers. This creates demand for the hardware needed to train and run AI models.
The shift also extends to government and defense buyers. Neocloud firms such as CoreWeave (CRWV) and IREN (IREN) are also expanding their data center capacity to meet rising demand for AI computing. Their growth adds to the need for servers, storage, and other equipment supplied by companies such as Dell.
Yorkville Ives said demand is leading to backlogs that last for several quarters. It also noted faster upgrades to servers and storage. Dell gives Ives exposure to this spending, as firms expand their AI systems.
Is DELL Stock a Buy Now?
Turning to Wall Street, Dell has a Moderate Buy consensus rating, based on 15 Buy ratings, six Hold ratings, and zero Sell ratings. Dell's average price target of $598.20 represents 4.12% upside potential for the next 12 months.