Dell and HPE Were AI Winners Until the Selloff. Can Earnings Put Them Back on Track?
247wallst.com reports that Dell and Hewlett Packard Enterprise, the AI hardware rally's biggest winners, gave back much of their gains in a post-midterm selloff over data center regulation fears, with Dell down 43.1% from its October peak and HPE 37.7%, and both face earnings this month as tests. Citing Dell's record $95 billion AI backlog but falling free cash flow, and HPE's networking push and growing cash flow, 24/7 Wall St. judges that HPE enters earnings with the stronger setup while Dell's recovery hinges on record revenue turning into cash.
