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michelle connell

T3 · host / generalist

Semiconductor analyst turned investor, first appearance on Bloomberg Tech, bullish on Dell's AI server leadership and margin expansion.

1 call·1 name·100% bull·last heard 23 days ago·Bloomberg Tech
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$DELLDell Technologies

Dell's AI server leadership drives 252% YTD gain and margin expansion to 11%

Dell has transformed into the clear leader in AI and enterprise servers with phenomenal supply chain, client relationships, and operating margins doubling from 6% to over 11%, positioning it to capture a massive share of projected $32T data center spend by 2050.

Bloomberg Tech2026-09episode →

most discussed · click a bar to filter

  • $DELL

recurring themes

  • Enterprise AI Adoption1
  • Memory & Storage1
1 total
$DELL
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Dell Technologies
HIGHmichelle connell·Bloomberg Tech·23 days ago·Nvidia Nears $14 Billion Hugging Face Deal | Bloomberg Tech 09/02/2026
Dell's AI server leadership drives 252% YTD gain and margin expansion to 11%
Dell has transformed into the clear leader in AI and enterprise servers with phenomenal supply chain, client relationships, and operating margins doubling from 6% to over 11%, positioning it to capture a massive share of projected $32T data center spend by 2050.
"THEY HAVE A GREAT BREATHS OF PRODUCTS. THEIR SUPPLY CHAIN IS PHENOMENAL. THEIR CLIENT RELATIONSHIPS ARE GREAT. THIS YEAR THEIR OPERATING MARGINS WERE OVER 11%. LAST YEAR THEY WERE…"
6:19
7
Enterprise AI Adoptiontailwind
Data platform moats (Snowflake) and server refresh cycles (Dell/HPE) drive enterprise AI monetization
Enterprises are upgrading traditional server infrastructure alongside AI deployments, benefiting Dell and HPE. Snowflake leverages its entrenched data layer to upsell AI processing, though faces cannibalization risk. Napster exemplifies application-layer innovation via agentic AI on Azure.
6
Memory & Storagemixed
Memory inflation drives near-term semiconductor upside but supply may normalize
Rising memory prices are boosting near-term results for server vendors (Dell, HPE) and semiconductor companies, though industry executives at Semicon Taiwan note supply constraints may ease as advanced node capacity expands.