<p>美国银行全球研究在周一发布了一份分析师报告，提高了对 <strong>Dell Technologies Inc.</strong> (NYSE: DELL] 的展望。美国银行研究分析师 <strong>Wamsi Mohan</strong> 重申了买入评级。他将目标价从 246 美元上调至 280 美元。</p>
<p><strong>• Dell Technologies 股票表现疲软。为什么 DELL 股价下跌？</strong></p>
<h2><strong>预计强劲的第一季度业绩</strong></h2>
<p>Dell 将于 5 月 28 日公布其财政第一季度的财报。Mohan 预计收入和每股收益（EPS）将大幅超出预期。</p>
<p>分析师预计第二季度的指引将高于市场共识。他预测第二季度的收入将在 370 亿美元到 400 亿美元之间。Mohan 还预计第二季度的每股收益将在 2.85 美元到 3 美元之间。</p>
<h2><strong>稳定的人工智能服务器需求</strong></h2>
<p>对人工智能服务器的强劲需求推动了积极的修正。Mohan 指出，今年上半年 “人工智能服务器的需求稳定”。他预计这种势头将在下半年持续。</p>
<p>美国银行估计第一季度人工智能服务器的收入为 150 亿美元。订单应达到 200 亿美元。预计季度末的积压订单为 490 亿美元。Mohan 维持 2027 财政年度人工智能服务器收入为 600 亿美元的预测。</p>
<h2><strong>硬件趋势的变化</strong></h2>
<p>该报告详细说明了财政年度下半年硬件趋势的分化。由于价格上涨，企业对行业标准服务器（ISS）的需求可能会放缓。然而，二级云服务提供商将加速订单。这些提供商需要用于自主人工智能和推理的中央处理单元（CPU）密集型硬件。</p>
<p>在今年上半年，个人电脑的需求仍高于预期。Mohan 将上半年的客户解决方案组收入预期上调至 20% 的增长。他仍预测下半年将放缓 12%。</p>
<h2><strong>估值反映企业采用情况</strong></h2>
<p>更高的价格预测反映了对人工智能服务器和 ISS 的需求增加。280 美元的目标价基于 2027 年每股收益 16.03 美元的 17 倍市盈率。</p>
<p>Mohan 将买入评级建立在企业人工智能采用的早期阶段。强劲的执行力和更高的存储知识产权附加率也支持这一论点。</p>
<p><strong>DELL 股价动态：</strong> 根据 Benzinga Pro 数据，在周一发布时，Dell Technologies 的股价下跌 1.94%，报 237.29 美元。</p>
<p><strong>另请阅读：</strong>
<strong>为什么 Firefly Aerospace 股票在周一大幅上涨？</strong></p>
<p><em>照片来源于 mrinalpal via Shutterstock</em></p>

戴尔科技-C

2 倍做多 DELL ETF - GraniteShares

<p>BofA 分析师 Wamsi Mohan 对戴尔科技（NYSE: DELL）维持买入评级，将目标价上调至 280 美元，原因是强劲的 AI 服务器需求。他预计将在 5 月 28 日发布强劲的第一季度财报，收入在 370 亿至 400 亿美元之间，每股收益在 2.85 至 3 美元之间。尽管股价下跌 1.94% 至 237.29 美元，Mohan 仍预计 AI 服务器需求将持续增长，预测第一季度收入为 150 亿美元，积压订单为 490 亿美元</p>

<p>BofA Global Research released an analyst note on Monday, boosting its outlook for <strong>Dell Technologies Inc.</strong> (NYSE: DELL). BofA research analyst <strong>Wamsi Mohan</strong> reiterated a Buy rating. He raised the price target to $280 from $246.</p>
<div class="lb-trans"><p>美国银行全球研究在周一发布了一份分析师报告，提高了对 <strong>Dell Technologies Inc.</strong> (NYSE: DELL] 的展望。美国银行研究分析师 <strong>Wamsi Mohan</strong> 重申了买入评级。他将目标价从 246 美元上调至 280 美元。</p>
</div><p><strong>• Dell Technologies stock is showing weakness. Why are DELL shares declining?</strong></p>
<div class="lb-trans"><p><strong>• Dell Technologies 股票表现疲软。为什么 DELL 股价下跌？</strong></p>
</div><h2><strong>Expecting Strong First-Quarter Results</strong></h2>
<div class="lb-trans"><h2><strong>预计强劲的第一季度业绩</strong></h2>
</div><p>Dell reports its fiscal first-quarter earnings on May 28. Mohan expects a strong beat on revenue and earnings per share (EPS).</p>
<div class="lb-trans"><p>Dell 将于 5 月 28 日公布其财政第一季度的财报。Mohan 预计收入和每股收益（EPS）将大幅超出预期。</p>
</div><p>The analyst expects second-quarter guidance above street consensus. He forecasts second-quarter revenue between $37 billion and $40 billion. Mohan also projects second-quarter EPS between $2.85 and $3.</p>
<div class="lb-trans"><p>分析师预计第二季度的指引将高于市场共识。他预测第二季度的收入将在 370 亿美元到 400 亿美元之间。Mohan 还预计第二季度的每股收益将在 2.85 美元到 3 美元之间。</p>
</div><h2><strong>Unwavering AI Server Demand</strong></h2>
<div class="lb-trans"><h2><strong>稳定的人工智能服务器需求</strong></h2>
</div><p>Substantial demand for artificial intelligence servers drives the positive revisions. Mohan noted “steadfast demand from AI servers” in the first half of the year. He expects this momentum to continue through the second half.</p>
<div class="lb-trans"><p>对人工智能服务器的强劲需求推动了积极的修正。Mohan 指出，今年上半年 “人工智能服务器的需求稳定”。他预计这种势头将在下半年持续。</p>
</div><p>BofA estimates first-quarter AI server revenue at $15 billion. Orders should hit $20 billion. The estimated backlog exiting the quarter stands at $49 billion. Mohan maintains a fiscal year 2027 AI server revenue forecast of $60 billion.</p>
<div class="lb-trans"><p>美国银行估计第一季度人工智能服务器的收入为 150 亿美元。订单应达到 200 亿美元。预计季度末的积压订单为 490 亿美元。Mohan 维持 2027 财政年度人工智能服务器收入为 600 亿美元的预测。</p>
</div><h2><strong>Shifting Trends In Hardware</strong></h2>
<div class="lb-trans"><h2><strong>硬件趋势的变化</strong></h2>
</div><p>The note details divergent hardware trends for the second half of the fiscal year. Enterprise demand for Industry Standard Servers (ISS) may slow due to price increases. However, Tier 2 Cloud Service Providers will accelerate orders. These providers require central processing unit (CPU)-intensive hardware for agentic AI and inferencing.</p>
<div class="lb-trans"><p>该报告详细说明了财政年度下半年硬件趋势的分化。由于价格上涨，企业对行业标准服务器（ISS）的需求可能会放缓。然而，二级云服务提供商将加速订单。这些提供商需要用于自主人工智能和推理的中央处理单元（CPU）密集型硬件。</p>
</div><p>PC demand remains higher than expected in the first half of the year. Mohan raised the first-half Client Solutions Group revenue estimates to 20% growth. He still forecasts a 12% deceleration in the second half.</p>
<div class="lb-trans"><p>在今年上半年，个人电脑的需求仍高于预期。Mohan 将上半年的客户解决方案组收入预期上调至 20% 的增长。他仍预测下半年将放缓 12%。</p>
</div><h2><strong>Valuation Reflects Enterprise Adoption</strong></h2>
<div class="lb-trans"><h2><strong>估值反映企业采用情况</strong></h2>
</div><p>The higher price forecast reflects increased demand for AI servers and ISS. The $280 target uses a 17 times multiple on the calendar year 2027 EPS estimate of $16.03.</p>
<div class="lb-trans"><p>更高的价格预测反映了对人工智能服务器和 ISS 的需求增加。280 美元的目标价基于 2027 年每股收益 16.03 美元的 17 倍市盈率。</p>
</div><p>Mohan bases the Buy rating on early innings of enterprise AI adoption. Strong execution and higher storage intellectual property attach rates also support the thesis.</p>
<div class="lb-trans"><p>Mohan 将买入评级建立在企业人工智能采用的早期阶段。强劲的执行力和更高的存储知识产权附加率也支持这一论点。</p>
</div><p><strong>DELL Stock Price Activity:</strong> Dell Technologies shares were down 1.94% at $237.29 at the time of publication on Monday, according to Benzinga Pro data.</p>
<div class="lb-trans"><p><strong>DELL 股价动态：</strong> 根据 Benzinga Pro 数据，在周一发布时，Dell Technologies 的股价下跌 1.94%，报 237.29 美元。</p>
</div><p><strong>Read Also:</strong>
<strong>Why Is Firefly Aerospace Stock Blasting Off On Monday?</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>为什么 Firefly Aerospace 股票在周一大幅上涨？</strong></p>
</div><p><em>Photo by mrinalpal via Shutterstock</em></p>
<div class="lb-trans"><p><em>照片来源于 mrinalpal via Shutterstock</em></p>
</div>

Dell Could Deliver Strong Q1 Beat As AI Server Demand Remains Robust, Says BofA

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美国银行表示，由于人工智能服务器的需求依然强劲，戴尔可能会在第一季度取得优异的业绩