Dell rises as Melius flags gains from woes at AI server rival Super Micro

Super Micro Computer

20/03/2026 14:30

** Shares of PC and AI-optimized server maker Dell DELL.N rise 4.2% to $163.40

** Melius Research says Super Micro Computer SMCI.O woes are likely to benefit DELL very disproportionately

** SMCI shares slide 27% to $22.45 after U.S. prosecutors charged three people linked with co, with helping smuggle billions of dollars worth of AI tech to China

** Brokerage says based on current street estimates, SMCI was poised to ship ~$47 bln of AI servers over the next 4 quarters and over $100 bln over the next 8

** "We think a meaningful portion of those sales are now up for grabs as enterprise and hyperscale customers reassess counterparty risk" - brokerage

** 20 of 26 brokerages rate DELL stock "buy" or higher, five "hold" and one "sell"; their median PT is $167 - LSEG-compiled data

** As of last close, DELL up ~25% this year

 (Reporting by Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))