Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The ISG segment provides modern and traditional storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; software and peripherals; and consulting, support, and deployment services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, keyboards, mice, webcam, and audio devices; and third-party software and peripherals, as well as configuration, support and deployment, and extended warranty services. It is involved in cybersecurity technology-driven security solutions to prevent security breaches, detect malicious activity, respond rapidly when a security breach occurs, and identify emerging threats; originating, collecting, and servicing customer financing arrangements; and the resale of VMware products and services. The company serves enterprises, public institutions, and small and medium-sized businesses through its direct sales channel, value-added resellers, system integrators, distributors, and retailers. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

Dell Technologies Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно упал. Медведи сохранили, но резко ослабили уверенность в своих позициях.

Weak index, significantly down. The bears retained but sharply weakened their confidence in their positions.

Сильный индекс, незначительно вырос. Нейтральный рынок.

Strong index, slightly up. Neutral market.

Сильный индекс, без изменений. Нейтральный рынок.

Слабый индекс, незначительно вырос

Слабый индекс, без изменений. Приток средств в шорты остается на невысоком уровне.

Weak index, flat. The inflow of funds into shorts remains at a low level.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Technology Select Sector SPDR ETF (Symbol: XLK) where we have detected an approximate $444.6 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 657,311,794 to 659,661,794). Among the largest underlying components of XLK, in trading today International Business Machines Corp (Symbol: IBM) is off about 0.5%, Qualcomm Inc (Symbol: QCOM) is off about 1.2%, and Dell Technologies Inc (Symbol: DELL) is lower by about 2.3%. For a complete list of holdings, visit the XLK Holdings page » The chart below shows the one year price performance of XLK, versus its 200 day moving average:
Looking at the chart above, XLK's low point in its 52 week range is $126.68 per share, with $203.25 as the 52 week high point — that compares with a last trade of $186.30. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further XLK Research:

XLK, IBM, QCOM, DELL: Large Inflows Detected at ETF

The S&P 500 Index ($SPX) (SPY) closed up by +0.33% on Thursday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.05%. December E-mini S&P futures (ESZ26) rose +0.28%, and December E-mini Nasdaq futures (NQZ26) fell -0.14%.
Stock indexes settled mixed on Thursday, with the Nasdaq 100 dropping to a 3.5-week low. Stocks recovered from early losses on Thursday to trade mixed as bond yields fell and as investors rotated out of chip stocks into software and pharmaceutical companies.
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The Nasdaq 100 was under pressure on Thursday amid concerns about the sustainability of the artificial intelligence trade. This week’s rout in chipmakers and AI-infrastructure stocks spread globally, with South Korea’s Kospi Index sinking more than 7% and China’s Shanghai Composite falling to a 14-month low. Thursday’s drop in chipmakers followed Anthropic PBC's disclosure of $16.8 billion in Q3 growth to prospective investors, figures that suggest growth has slowed even as it remains robust.
Stocks were also pressured on Thursday on rising US producer price pressures after the Sep PPI final demand rose +6.3% y/y, stronger than expectations of +5.4% y/y and the most in 3.75 years. Also, Sep PPI ex-food and energy rose +5.0% y/y, stronger than expectations of +4.4% y/y and the most in more than 3.5 years.
Other US economic news on Thursday was mixed, with Sep retail sales and the Oct Empire manufacturing survey rising more than expected and weekly jobless claims near expectations. However, the Oct Philadelphia Fed business outlook survey fell more than expected.
On the positive side, Thursday’s slump in global equity markets sparked a rally in government bond markets, knocking yields lower. The 10-year German Bund yield fell to a 5-week low on Thursday of 3.35%, and the 10-year T-note yield fell to a 3-week low of 5.04%.
US weekly initial unemployment claims rose by +1,000 to 199,000, close to expectations of 200,000.
US Sep retail sales rose +0.8% m/m, stronger than expectations of +0.3% m/m, and Sep retail sales ex-autos rose+0.9% m/m, stronger than expectations of +0.5% m/m.
The US Oct Philadelphia Fed business outlook survey fell by -16.9 to 20.9, weaker than expectations of 28.0.
The US Oct Empire manufacturing survey of general business conditions rose +17.9 to a 4.75-year high of 25.5, stronger than expectations of 12.0.
Stocks and bonds got some support Thursday after San Francisco Fed President Mary Daly said she thinks rate hikes are likely needed, just not immediately, and that she would hold interest rates steady at the October 27-28 FOMC meeting.
Stocks have support from the prospect of solid quarterly earnings results that began this week. Goldman Sachs on Monday raised its three-month view on global equity markets to overweight from neutral, saying. “Earnings growth remains supportive for equities and the recent valuation de-rating has improved asymmetry into the third-quarter earnings season.” According to data compiled by Bloomberg Intelligence, Q3 S&P 500 earnings are expected to climb by +25% from a year earlier, up from a July estimate of 22%. As of Thursday’s close, 38 of the S&P 500 companies have reported results, with 82% beating estimates.
Nov WTI crude oil prices (CLX26) rallied more than +3% on Thursday to a 3-week high. Crude prices are supported by risks to global oil supplies as Yemen's Houthi rebels continue drone and missile attacks across Saudi Arabia, including energy infrastructure. Also, Iranian attacks on shipping attempting to transit the Strait of Hormuz have increased in recent weeks, threatening a rebound in energy supplies from the Middle East. Crude prices raced to their high Thursday after weekly EIA crude inventories unexpectedly fell by -8.56 million bbl.
Markets are discounting a 27% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets settled lower on Thursday. The Euro Stoxx 50 closed down -0.36%. China's Shanghai Composite fell to a 14-month low and closed down -1.59%. Japan's Nikkei-225 Stock Average dropped to a 4-week low and closed down sharply by -4.90%.
Interest Rates
December 10-year T-notes (ZNZ6) closed up by +21 ticks on Thursday. The 10-year T-note yield fell -10.0 bp to 5.085%. Dec T-notes rallied to a 3-week high on Thursday, and the 10-year T-note yield fell to a 3-week low of 5.035%. Lower inflation expectations were supportive of T-notes after the 10-year breakeven inflation rate fell to a 1-week low of 2.320% on Thursday. Also, dovish comments from San Francisco Fed President Mary Daly were bullish for T-notes when she suggested she would support holding interest rates steady at the October 27-28 FOMC meeting.
Hawkish US economic news on Thursday was bearish for T-notes after US Sep producer prices and Sep retail sales rose more than expected, and the Oct Empire manufacturing survey's general business conditions rose to a 4.75-year high.
European government bond yields moved lower on Thursday. The 10-year German bund yield fell to a 5-week low of 3.353% and finished down -5.3 bp to 3.413%. The 10-year UK gilt yield fell to a 1.5-week low of 5.301% and finished down -5.0 bp to 5.374%.
Eurozone Aug industrial production fell -0.5% m/m, weaker than expectations of no change and the biggest decline in 7 months.
ECB Governing Council member Martins Kazaks said the ECB can afford to take its time adjusting interest rates, despite persistent energy price rises that are set to keep consumer price growth elevated, as the recent surge in government bond yields may start to weigh on economic activity.
UK Aug manufacturing production rose +1.2% m/m, stronger than expectations of no change and the largest increase in 9 months.
Markets are discounting a 9% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Software stocks rallied on Thursday as investors rotate out of chip stocks into software. Intuit (INTU) and ServiceNow (NOW) closed up more than +6%, and Atlassian (TEAM) and Autodesk (ADSK) closed up more than +5%. Also, Workday (WDAY), Salesforce (CRM), and Adobe Systems (ADBE) closed up more than +4%, Oracle (ORCL) closed up more than +3%, and Thomson Reuters (TRI) closed up more than +2%.
Pharmaceutical stocks moved higher on Thursday amid stock rotation out of AI stocks. Alnylam Pharmaceuticals (ALNY) closed up more than +4%, and Eli Lilly (LLY) and Ionis Pharmaceuticals (IONS) closed up more than +3%. Also, Gilead Sciences (GILD), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), and Jazz Pharma Plc (JAZZ) closed up more than +2%. and Amgen (AMGN) and Biogen (BIIB) closed up more than +1%.
Cryptocurrency-exposed stocks rallied on Thursday after Bitcoin (^BTCUSD) rebounded from a 3.5-week low and moved higher. Circle Internet Group (CRCL) closed up more than +9%, and Coinbase Global (COIN) closed up more than +6%. Also, Strategy (MSTR) closed up more than +5%, and Bullish (BLSH) and BitMine Immersion Technologies (BMNR) closed up more than +4%. In addition, Riot Platforms (RIOT) and Robinhood Markets (HOOD) closed up more than +2%, and MARA Holdings (MARA) and Galaxy Digital Holdings (GLXY) closed up more than +1%.
Chipmakers and AI-infrastructure stocks fell on Thursday on demand concerns after Anthropic disclosed Q3 revenue growth that likely slowed from the previous quarter. Applied Materials (APLD), Lam Research (LRCX), and Seagate Technology Holdings Plc (STX) closed down more than -3%, and Intel (INTC), KLA Corp (KLAC) and Western Digital (WDC) closed down more than -2%. In addition, Nvidia (NVDA), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and SanDisk (SNDK) closed down more than -1%.
Penske Automotive Group (PAG) closed up more than +8% after entering a deal to be taken private for $212 a share in cash by Penske Corporation and Mitsui.
International Paper (IP) closed up more than +6% after the Financial Times reported that private equity firms Lone Star and Atlas Holdings are exploring bids to acquire the company.
Kimberly-Clark (KMB) closed up more than +4% after reporting preliminary Q3 net sales of $4.13 billion, above the consensus of $4.10 billion.
FMC Corp (FMC) closed down more than -30% after cutting its Q3 adjusted Ebitda forecast to a loss of -$510 million to -$565 million, after previously expecting a profit of$120 million to $140 million.
Hewlett Packard Enterprise (HPE) closed down more than -7% to lead losers in the S&P 500, adding to Wednesday’s -7 decline, and Dell Technologies (DELL) closed down more than -6%, adding to Wednesday’s 10% plunge after Barclays downgraded the stocks to equal weight from overweight.
Rocket Lab (RKLB) closed down more than -6% to lead losers in the Nasdaq 100 after announcing that it will delay the launch of its inaugural Neutron medium-lift rocket until sometime in 2027.
Earnings Reports (10/16/2026)
Citizens Financial Group Inc (CFG), M&T Bank Corp (MTB), Regions Financial Corp (RF), Travelers Cos Inc/The (TRV), Truist Financial Corp (TFC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Stocks Settle Mixed as Broader Market Recovers from Chip Stock Rout

The S&P 500 Index ($SPX) (SPY) closed down by -1.11% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.02%. December E-mini S&P futures (ESZ26) fell -1.16%, and December E-mini Nasdaq futures (NQZ26) fell -2.10%.
Stock indexes sold off sharply on Wednesday, with the S&P 500 falling to a 1.5-week low and the Nasdaq 100 dropping to a 3.5-week low. Inflation woes dampened market sentiment and sparked stock liquidation on Wednesday after US September consumer prices rose more than expected, reinforcing speculation that the Fed will keep interest rates higher for longer amid sticky price pressures. The chance of a 25 bp Fed rate hike at this month’s FOMC meeting rose to 37% from 22% before the CPI report. Also, the rout in chipmakers continued Wednesday, weighing on the overall market.
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Wednesday’s broader market slump sparked defensive buying of health care and pharmaceutical stocks, limiting losses in the Dow Jones industrials.
US Sep CPI rose +3.7% y/y, stronger than expectations of +3.6% y/y. Sep core CPI rose +2.6% y/y, stronger than expectations of 2.5% y/y.
The Fed Beige Book was hawkish, noting that a majority of the twelve Fed districts in the six weeks through October 5 reported economic growth, and half saw robust or intensifying price pressures.
Stocks and bonds garnered some support Wednesday on comments from Fed Vice Chair Michelle Bowman, who signaled she favors keeping Fed policy steady at this month's FOMC meeting when she said, "We have some time to wait and see how financial conditions and the economy evolve before we decide that we need to take any more action" on interest rates.
US MBA mortgage applications fell -2.7% in the week ended October 9, with the purchase mortgage sub-index down -4.0% and the refinancing mortgage sub-index down -0.4%. The average 30-year fixed-rate mortgage rose +1 bp to a 2.75-year high of 7.50% from 7.49% the prior week.
China's trade news was better than expected, supporting global growth prospects. China's Sep exports rose +36.3% y/y, stronger than expectations of +25.7% y/y and the most in 7 months. Sep imports rose +31.0% y/y, stronger than expectations of +25.0% y/y.
Stocks have support from the prospect of solid quarterly earnings results starting this week. Goldman Sachs on Monday raised its three-month view on global equity markets to overweight from neutral, saying. “Earnings growth remains supportive for equities and the recent valuation de-rating has improved asymmetry into the third-quarter earnings season.” According to data compiled by Bloomberg Intelligence, Q3 S&P 500 earnings are expected to climb by +25% from a year earlier, up from a July estimate of 22%.
Nov WTI crude oil prices (CLX26) closed up more than +1% on Wednesday as Yemen's Houthi rebels launched multiple drone and missile attacks across Saudi Arabia, including energy infrastructure. Also, Iranian attacks on shipping attempting to transit the Strait of Hormuz have increased in recent weeks, threatening a rebound in energy supplies from the Middle East.
Markets are discounting a 37% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 closed up +0.38%. China's Shanghai Composite closed down -0.89%. Japan's Nikkei-225 Stock Average closed down -0.05%.
Interest Rates
December 10-year T-notes (ZNZ6) closed up by +4.5 ticks on Wednesday. The 10-year T-note yield fell -2.5 bp to 5.183%. T-note prices recovered from early losses on Wednesday and settled higher as a slump in equity markets fueled short-covering in T-notes. Also, dovish comments on Wednesday from Fed Vice Chair Bowman were bullish for T-notes when said she sees no urgent need for the Fed to raise interest rates.
T-notes initially retreated on Wednesday on the stronger-than-expected US Sep CPI report, which boosted the chance of a Fed rate hike later this month to 37% from 22% before the report. Also, Wednesday’s +1% increase in WTI crude oil has raised inflation expectations and is bearish for T-notes. In addition, the Fed Beige Book was negative for T-notes, noting intensifying price pressures in more than half of the Fed’s districts.
European government bond yields moved lower on Wednesday. The 10-year German bund yield fell -0.3 bp to 3.466%. The 10-year UK gilt yield fell -2.3 bp to 5.424%.
The German Sep wholesale price index rose +8.7% y/y from +6.8% y/y in Aug, the strongest pace of increase in nearly 3.5 years.
Markets are discounting a 12% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Chipmakers and AI-infrastructure stocks sold off Wednesday, weighing on the overall market. The iShares Semiconductor ETF (SOXX) fell to a 3.5-week low and closed down more than -4%. CoreWeave closed down more than -15% to lead losers in the Nasdaq 100, and Lumentum Holdings (LITE) closed down more than -8%. Also, Marvell Technology (MRVL) closed down more than -7%, and ARM Holdings Plc (ARM) closed down more than -6%. In addition, Advanced Micro Devices (AMD) and SanDisk (SNDK) closed down more than -5%, and Lam Research (LRCX), Seagate Technology Holdings Plc (STX), Microchip Technology (MCHP), Intel (INTC), and Western Digital (WDC) closed down more than -4%.
The Magnificent Seven technology stocks fell on Wednesday, weighing on the broader market. Nvidia (NVDA) and Meta Platforms (META) closed down more than -3%, and Tesla (TSLA) closed down more than -2%. Also, Alphabet (GOOGL), Amazon.com (AMZN), and Microsoft (MSFT) closed down more than -1%. Bucking the trend, Apple (AAPL) closed up +0.50%.
Cybersecurity stocks weakened on Wednesday, weighing on the overall market. Cloudflare (NET) and Okta (OKTA) closed down more than -6%, and Palo Alto Networks (PANW) closed down more than -5%. Also, Crowdstrike Holdings (CRWD) and SentinelOne (S) closed down more than -4%, and Fortinet (FTNT) and Zscaler (ZS) closed down more than -3%.
Cryptocurrency-exposed stocks fell on Wednesday after Bitcoin (^BTCUSD) fell more than -1%. Iren Ltd (IREN) closed down more than -12%, and MARA Holdings (MARA) and Riot Platforms (RIOT) closed down more than -9%. Also, Galaxy Digital Holdings (GLXY) and Robinhood Markets (HOOD) closed down more than -8%, and Circle Internet Group (CRCL), BitMine Immersion Technologies (BMNR), and Strategy (MSTR) closed down more than -5%. On addition, Coinbase Global (COIN) and Bullish (BLSH) closed down more than -4%.
Health insurance stocks moved higher on Wednesday as a defensive play amid the broader market rout. UnitedHealth Group (UNH) closed up more than +4% to lead gainers in the S&P 500 and Dow Jones Industrials. Also, CVS Health Corp (CVS), Cardinal Health (CAH), and United Health Services (UHS) closed up more than +3%, and HCA Healthcare (HCA) and the Cigna Group (CI) closed up more than +2%. In addition, Centene (CNC) and Humana (HUM) closed up more than +1%.
Defensive pharmaceutical stocks rallied on Wednesday amid the broader market slump. Amgen (AMGN), Eli Lilly (LLY), Gilead Sciences (GILD), Merck & Co (MRK), Pfizer (PFE), and Regeneron Pharmaceuticals (REGN) closed up more than +3%, and Vertex Pharmaceuticals (VRTX) closed up more than +2%.
Dell Technologies (DELL) closed down more than -11% to lead losers in the S&P 500 , Hewlett Packard Enterprise (HPE) closed down more than -8%, and NetApp (NTAP) closed down more than -6% after Barclays downgraded the stocks to equal weight from overweight.
Bank of America (BAC) closed down more than -4% after reporting Q3 equities trading revenue ex-DVA of $2.51 billion, weaker than the consensus of $2.63 billion.
State Street (STT) closed down more than -3% after reporting Q3 revenue of $4.00 billion, weaker than the consensus of $4.04 billion.
Progressive (PGR) closed down more than -3% after reporting Q3 net premiums written of $22.30 billion, below the consensus of $22.50 billion.
Liquidia (LQDA) closed up more than +27% after reaching a global settlement resolving all pending litigation with United Therapeutics.
Earnings Reports (10/15/2026)
Alcoa Corp (AA), Bank of New York Mellon Corp/The (BNY), Charles Schwab Corp/The (SCHW), First Horizon Corp (FHN), Interactive Brokers Group Inc (IBKR), JB Hunt Transport Services Inc (JBHT), Marsh & McLennan Cos Inc (MRSH), PNC Financial Services Group Inc (PNC), Prologis Inc (PLD), US Bancorp (USB).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Stocks Sharply Lower on Inflation Woes and Slumping Chipmakers

In early trading on Wednesday, shares of Honeywell International topped the list of the day's best performing components of the S&P 500 index, trading up 7.5%. Year to date, Honeywell International registers a 42.2% gain.
And the worst performing S&P 500 component thus far on the day is Progressive, trading down 9.1%. Progressive is lower by about 11.0% looking at the year to date performance.
Two other components making moves today are Dell Technologies, trading down 7.4%, and UnitedHealth Group, trading up 3.5% on the day.

S&P 500 Movers: PGR, HONIV

Key Points
Dell found a way into the artificial intelligence trade by selling AI-optimized servers that connect many components of the AI supply chain.
As free cash flow and earnings have shot up, Dell has been able to return more capital to shareholders.
However, Dell has only been paying a dividend for a few years, so it's relatively untested in this regard.
It's been a banner year for Dell Technologies (NYSE: DELL), with its stock up nearly 325% at the time of this writing.
Like many other large tech stocks, it has found its place in the artificial intelligence (AI) supply chain, specifically with its AI servers, which have been in high demand this year as graphics processing unit (GPU) clusters and data centers scale.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As such, Dell has been able to distribute more capital back to shareholders, noticeably raising its quarterly dividend by 20% earlier this year. Dell only initiated its dividend program in 2023.
Can investors trust the stock for passive income?
Why Dell's stock has exploded this year
While GPUs and other chips have been at the center of the AI trade, they need to interact with other components in a data center to obtain the capabilities needed to respond to queries from, say, a large language model.
Dell's AI-optimized servers integrate the chips, memory, and other necessary components that power them, including liquid cooling and data storage, into a full server and rack.
The company also performs quality control and then ships them to customers such as neoclouds and other large customers, including hyperscalers that operate their own data centers.
While Dell isn't the only company building and selling full-scale AI racks, it's been all hands on deck amid massive AI demand, resulting in shortages across the supply chain.
In its second quarter of fiscal year 2027, the company posted $47 billion in revenue, up 58% year over year, while diluted earnings per share of $6.34 surged 273%.
Management also lifted its full-year guidance from $167 billion to $192 billion, implying 69% annual growth.
"Demand is broadening across neoclouds, sovereigns, and enterprise customers, and our customer count has surpassed 6,500," Dell's Chief Operating Officer Jeff Clarke said on the company's most recent earnings call. "The scale and complexity of these deployments reinforce why customers choose us."
Can Dell's dividend be trusted?
It's pretty easy to see why Dell was able to raise its quarterly dividend by 20% to $0.63 per common share.
The much-improved financials have also contributed to a 224% increase in adjusted free cash flow in the second quarter. More free cash flow means more money for dividends. Dell's trailing-12-month free cash flow yield of 2.37% far exceeds its trailing dividend yield of 0.43%.
The payout ratio is also not high, with $2.52 in annualized dividends per share easily covered by this quarter's profits alone. The company is also repurchasing stock, with nearly $3.8 billion of share repurchases in the most recent quarter, which dwarfs the $405 million of dividend payments.
Now, obviously, the big question or future concern for Dell's dividend is what happens if AI demand dries up.
While there's certainly no evidence of this happening right now, the hyperscalers continue to raise their future guidance for AI-related capital expenditures, which could very well top $1 trillion next year. But it's hard to imagine this level of spending continuing like this forever.
When evaluating stocks for dividends, it's key for investors to consider what a company's earnings and free cash flow could be over the long term to estimate what a sustainable dividend looks like and how much it can be raised each year.
The good news is that Dell's $2.62 projected annualized dividend is still well below the $8.68 in diluted earnings per share the company generated in fiscal year 2026, or even the $6.38 it earned in fiscal year 2025.
This tells me that even if earnings were to slow considerably, Dell's dividend would still be covered, so I see no reason why the dividend can't be increased annually moving forward.
That said, Dell's 0.43% annual yield is not particularly attractive, so if you're purely focused on passive income, there are likely more attractive dividend stocks out there. But higher-yielding dividend stocks may not be able to tap into the AI trade like Dell can, for better or worse.
Should you buy stock in Dell Technologies right now?
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Dell Raised Its Quarterly Dividend by 20% This Year After Only Initiating Its Dividend Program in 2023. Can Passive Income Investors Trust the Stock?

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Dell Technologies Inc (Symbol: DELL) has taken over the #69 spot from McDonald's Corp (Symbol: MCD), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $169.69 billion, versus McDonald's Corp (Symbol: MCD) at $164.08 billion.
Below is a chart of Dell Technologies Inc versus McDonald's Corp plotting their respective size rank within the S&P 500 over time (DELL plotted in blue; MCD plotted in green):
Below is a three month price history chart comparing the stock performance of DELL vs. MCD:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at The Online Investor find value to putting together these rankings daily.
Examine the full DELL market cap history vs. the full MCD market cap history.
At the closing bell, DELL is up about 0.7%, while MCD is up about 0.3% on the day Thursday.
Further DELL Research:

Dell Technologies Moves Up In Market Cap Rank, Passing McDonald's

Key Points
Dell is poised to capitalize on strong AI server shipments, higher average selling prices, and an improving market share.
The high-flying AI stock trades at a very attractive valuation despite its multibagger performance in 2026.
Dell's bottom line can grow at a terrific pace through 2030, setting the stock up for significant gains.
Dell Technologies (NYSE: DELL) is playing a central role in the global artificial intelligence (AI) infrastructure ecosystem by providing high-end servers, networking, and storage solutions.
The strong demand for these AI infrastructure components has supercharged growth in Dell's Infrastructure Solutions Group (ISG) segment. The company reported a terrific year-over-year revenue increase of 89% in the ISG business in the second quarter of fiscal 2027 to a record $31.8 billion, driven mainly by demand for AI servers.
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The good news for Dell stock investors is that the AI server market is poised to grow at a fast clip over the long run. Importantly, the company has already built a solid backlog that should ensure healthy growth in the ISG segment. Let's take a closer look at Dell's AI server backlog and see why it can send the stock soaring over the next four years.
Dell is scratching the surface of a massive opportunity
Dell's AI server orders reached a record $60.9 billion in fiscal Q2 (which ended on July 31). The company recognized $16.4 billion in AI server revenue during the quarter, which explains why its backlog increased to a whopping $95 billion.
Dell has received $131.7 billion in AI server orders over the past 12 months, and its growing backlog suggests that the ISG business is on track to get even bigger. Dell expects to sell $74 billion in AI servers in fiscal 2027, a 3x increase over its fiscal 2026 AI server revenue. Importantly, Dell estimates that its potential AI server order pipeline is in multiples of its backlog.
So, the $95 billion backlog figure could jump substantially going forward. After all, Goldman Sachs estimates that the AI server market could generate $1.24 trillion in revenue in 2030. The investment bank had earlier estimated the AI server market's revenue would hit $961 billion by the end of the decade. It has significantly raised that forecast due to heavy investments in AI infrastructure.
Even better, Goldman Sachs notes that a combination of strong volume and higher pricing will drive growth in the AI server market. The firm has increased its average selling price (ASP) estimate by 15% for AI servers over the prior estimate. Another piece of good news for Dell investors is that the company is gaining share in AI servers.
Specifically, Dell's AI server revenue share increased to 17% in the first quarter of 2026, up from just 5% in the year-ago quarter, driven by robust adoption of its solutions by both enterprises and neocloud infrastructure providers. If Dell maintains even 20% share of AI servers in 2030, its annual revenue from this segment could jump to $248 billion. That would be a jump of over 3x from the AI server revenue it anticipates for the current fiscal year.
Throw in the potential improvement in AI server ASPs, and it is easy to see why analysts have become increasingly bullish about Dell's long-term earnings growth prospects.
Why now is a good time to invest $1,000 in this AI stock
Dell stock has jumped 347% in 2026, as of this writing. Even then, it trades at a reasonable 32 times trailing earnings. The forward earnings multiple of 21 is even more attractive compared to the Nasdaq-100 index's forward earnings multiple of 24.
Buying this AI stock at these multiples is a no-brainer, especially considering that Dell expects a 148% jump in non-GAAP earnings per share (EPS) in fiscal 2027 to $25.50. Analysts are expecting a slowdown in Dell's EPS growth over the next couple of fiscal years, though that's unlikely to be the case given strong AI server demand and higher ASPs.
But even if Dell's earnings reach $34.62 per share in fiscal 2029, and it clocks a 38% EPS jump in fiscal years 2030 and 2031 (based on analysts' long-term growth estimate seen earlier in the article), its EPS could hit $65.93 in fiscal 2031 (which ends in January 2031). If this tech stock trades at 24 times earnings at that time, in line with the Nasdaq-100 index's forward earnings multiple, its stock price could jump to $1,582.
That's almost thrice Dell's current stock price. So, if you've $1,000 in investible cash after meeting your expenses, clearing high-interest debt, and saving enough for tough times, buying Dell with that cash could be a smart move, as it has the potential to triple your money by 2030.
Should you buy stock in Dell Technologies right now?
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Dell's AI Server Backlog Has Ballooned to $95 Billion. Here's What a $1,000 Investment Today Could Be Worth by 2030

Everpure P) stock spiked 11% on Thursday, finishing as the S&P 500’s top gainer after the data-storage specialist unveiled a much stronger long-term growth outlook at its 2026 Financial Analyst Meeting.
Everpure attributed the opportunity to its expanding exposure to AI and hyperscale infrastructure, outlining four growth areas: Core and Core AI, Modern Data Software, Scale AI, and Hyperscale Solutions.
Year to date, Everpure stock has now soared nearly 90% and is up more than 270% in the last three years to vastly outperform the broader indexes and many of its Zacks Technology Services peers.
What Does Everpure Do?
Formerly known as Pure Storage, Everpure provides enterprise data storage and data-management infrastructure designed to help companies securely store, access, protect, and manage large amounts of information across on-premises, cloud, and hybrid environments.
Its portfolio includes high-performance FlashArray and FlashBlade storage systems, along with software and subscription-based services that automate data management. Everpure is also expanding beyond traditional enterprise storage into AI and hyperscale data centers, where rapidly growing datasets require faster, more scalable, and energy-efficient infrastructure.
That makes Everpure an increasingly important data-infrastructure play on the AI boom, rather than simply a traditional storage-hardware company.
Everpure’s Preliminary FY28 Outlook Impresses
Notably, Thursday’s rally was fueled primarily by Everpure's preliminary fiscal 2028 guidance, which calls for revenue of $7-$7.3 billion, representing 39%-45% year-over-year growth, and non-GAAP operating income of $1.7-$1.9 billion, up 80%-100%.
The company also reaffirmed its current FY27 revenue guidance of $5.03-$5.07 billion, representing 37%-38% YoY growth, and non-GAAP operating income of $940-$960 million, up 48%-51%.
As shown below, Everpure’s new outlook builds on an already impressive multiyear revenue-growth trajectory.
Everpure’s Valuation Is Getting Expensive
Despite Everpure’s optimistic guidance, the biggest argument against chasing today's surge is valuation.
Everpure stock is now trading over 100X forward earnings and 7X forward sales. In contrast, its Zacks Technology Services Industry averages are at roughly 26X forward earnings and 3X forward sales, respectively.
It’s also noteworthy that Everpure is starting to command a noticeable premium to storage competitors such as NetApp NTAP), Dell Technologies DELL), and Hewlett Packard Enterprise HPE).
Everpure's stronger projected growth arguably warrants a premium, but today's rally has quickly priced in a meaningful portion of management's increasingly optimistic AI and hyperscale outlook.
Bottom Line
Everpure's Analyst Meeting significantly strengthened its long-term growth story, particularly with FY28 revenue potentially exceeding $7 billion and non-GAAP operating income potentially doubling.
Still, after a double-digit one-day surge and with shares trading at a considerable premium to storage and infrastructure peers, investors may not need to chase the rally. Everpure's fundamentals look increasingly compelling, but a pullback or period of consolidation could offer a more attractive entry point.
For now, Everpure stock lands a Zacks Rank #3 (Hold), suggesting investors may want to remain patient following the stock's sharp run.
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This article originally published on Zacks Investment Research (zacks.com).

Should Investors Chase the AI-Fueled Surge in Everpure (P) Stock?

Lenovo Group’s LNVGY geographically diversified business model reduces its reliance on any single market while positioning the company to capture growth across varying economic conditions. Lenovo operates in 180 markets, supported by more than 20 R&D locations and over 30 manufacturing sites across 11 markets, giving it a combination of global scale and local execution capabilities.
Its revenue mix highlights this diversification. In the latest full fiscal year, the Americas contributed 34% of revenues, China 22%, EMEA 25% and Asia Pacific excluding China 19%, with no single region accounting for the majority of sales. This broad exposure is particularly important because demand for PCs, smartphones and enterprise technology can differ significantly across regions. Stronger performance in one market can therefore help offset weakness elsewhere.
Lenovo’s global footprint also supported growth, with fiscal 2026 revenues increasing 20% year over year to $83.1 billion. Its operating model combines global resources with local delivery across design, demand planning, procurement, manufacturing, marketing, sales and services.
The company’s diversified manufacturing network further enhances supply-chain flexibility, allowing Lenovo to adjust production as costs, demand patterns or market conditions change. Alongside expanding opportunities in AI, infrastructure and services, this global presence provides a solid foundation for more balanced and potentially resilient long-term growth.
What About its Peers?
HP Inc. HPQ maintains a strong global presence, serving customers across diverse countries and regions. HP offers innovative personal computing, printing, and digital solutions that support businesses, professionals, and consumers worldwide. Through innovation, strategic partnerships, and customer-focused initiatives, HP continues to strengthen its international footprint and deliver technology solutions globally.
Dell Technologies DELL maintains a significant global presence, serving customers across diverse markets worldwide. Dell delivers a broad range of technology solutions, including computers, servers, storage systems and IT infrastructure. Through continuous innovation, strategic collaborations and customer-focused services, Dell strengthens its international operations while enabling organizations to achieve their digital transformation goals globally.
LNVGY Price Performance
Shares of Lenovo have skyrocketed 285.1% year to date, outperforming the industry.
LNVGY’s Expensive Valuation
Lenovo’s shares are trading at a discount compared with its industry. The company’s forward 12-month price-to-sales multiple of 0.49 is lower than its industry average of 9.23.
Estimate Movement for LNVHY
The Zacks Consensus Estimate for LNVGY fiscal second- and third-quarter 2027 EPS did not witness any movement in the past 30 days. The same holds true for fiscal 2027 and 2028.
The consensus estimates for LNVGY’s fiscal 2027 and 2028 revenues and earnings indicate year-over-year increases.
LNVGY stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).

Lenovo's Global Footprint Strengthens Its Growth Resilience

Is the chip and “AI” tech stock momentum rally over for 2026? For That answer, let’s bring in our Chief Equity Strategist and Economist, John Blank.
1. Of the stocks driving U.S. and global markets this year, how does AI and tech factor in?
2. In the Price/Book category, Semis and AI ETFs are on top now, correct?
3. Is there a divergence among tech sectors when it comes to the question we started with?
4. This month’s Zacks Sector and Industry Rank table shows that the earnings estimates are still going up -- in the booming Info Tech space. Is that one reason this rally may still persist?
5. What are the pressures being placed on this rally?
6. Has the market priced any of these pressures in?
7. So, bottom line, is the chip and AI tech stock momentum rally over for 2026 or is it too soon to tell?
8. Here are three large cap stocks you’re watching, one is a technology stock, United Health Group UNH, Dell Technologies DELL, and The Goldman Sachs Group GS.
Our Chief Equity Strategist & Economist, John Blank, on the “AI’ tech stock momentum rally. With John, I’m Terry Ruffolo.
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