Evercore Flags Dell as Top Pick Citing Resilient AI Demand and Higher ASPs
DELL•Evercore ISI named Dell its top hardware and networking pick ahead of April-quarter results, highlighting resilient AI infrastructure and networking demand driven by increased hyperscaler and neocloud capex. The broker also noted that higher average selling prices should boost Dell's revenue potential as enterprise data-center and campus networking modernization continues.
1. Evercore Names Dell Top Pick
Evercore ISI identified Dell as its leading hardware and networking stock ahead of the company’s April-quarter earnings, reflecting confidence in the company’s positioning within AI infrastructure and data-center solutions. This designation positions Dell above peers such as HP Inc., Hewlett Packard Enterprise and NetApp in the eyes of the broker.
2. Drivers of Upside
Evercore highlighted resilient demand for AI infrastructure and campus networking as hyperscalers and emerging cloud providers ramp capital expenditures. The broker noted that Dell’s ability to command higher average selling prices on servers and networking equipment amid enterprise data-center modernization should underpin revenue and margin growth.
