Evercore ISI remains bullish on Dell after annual user conference

Investing.com -- Evercore ISI reiterated its bullish stance on Dell Technologies (NYSE: DELL) following the company’s annual user conference, “Dell World,” highlighting the company’s growing momentum in enterprise artificial intelligence.

“We continue to believe that DELL is well positioned to benefit from the acceleration of enterprise Gen AI adoption,” Evercore ISI wrote in a note recapping Day 1 of the Las Vegas event.

The firm maintained its Outperform rating on the stock, citing Dell’s comprehensive AI portfolio and technical expertise.

CEO Michael Dell kicked off the conference with a keynote that introduced several new products, including Blackwell- and AMD-powered AI servers, a revamped AI PC lineup, and new networking and managed AI service offerings.

According to Evercore ISI, the keynote focused on the growing trend of enterprises shifting AI workloads on-premise, as “DELL expects 85% of enterprises expect to move Gen AI workloads on-prem in the next 24 months due to better costs with on-prem inferencing compared to on public clouds.”

The firm noted that Dell’s experience designing next-generation AI systems for service providers and model builders has positioned it to now serve enterprise clients effectively.

This “has given the company invaluable technical expertise that it can bring over to the enterprise level,” the firm said.

Among new products highlighted was the Dell Pro Max Plus, described as “the first mobile-workstation with an enterprise-grade NPU,” enabling edge inferencing in a laptop form.

On the infrastructure side, Dell introduced servers featuring Nvidia’s B300 and GB300 chips for improved AI inference performance.

“With today’s announcements, we think DELL can be an enterprise customer’s ‘one-stop shop’ for all its AI infrastructure needs through the lifecycle,” Evercore ISI concluded.

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