Dell is heavily overearning heading into a two-sigma melt-up, leaving the stock exposed to a reversal. x.com 

Dell's re-rating from hardware vendor to AI platform has largely happened, so the stock is not worth chasing at about $440, or 24-25x forward earnings after a 150% YTD gain and a 40% gap, even though the business is near-flawless. Fiscal Q1 revenue rose 88% to $43.8B and full-year guidance rose about $27B to $165-169B, with AI servers up 757% and a record $51.3B backlog. Risks include AI-diluted gross margins, ballooning receivables and inventory, pull-forward demand and Dell-financed sales. … Show more

Dell ranks among the best on buybacks and low stock-based compensation, with strong expansion in both profit margin and revenue. x.com 

Dell looks overvalued, trading about seven turns above its historical multiple range and at a premium to many AI semiconductor bottleneck names despite not providing a bottleneck solution. Michael Dell spiking the ball on the latest quarter might mark the top. x.com 

Dell has a decent shot at fading because the cycle is clearly at the point where it should crest. x.com 

Dell is still cheap after its earnings jump, growing cash at an insane rate on a low multiple. Q1 EPS rose 280%, and on Q1 earnings of $3.44 billion, with revenue tracking $167 billion for 2027, it trades at about 21x even after a 40% one-day gain. Only about half its shares float, making the effective P/E about 10.5. Share count has fallen about 4.7% a year, record free cash flow comes with a mandate to return 80% to shareholders, and the AI business is growing 760% a year. x.com 

Hewlett Packard Enterprise's 30% jump looks like dot-com bubble behavior, since the stock trades at about -250 times earnings. Even after a strong earnings report it remains a poor-quality company; Dell and Cisco earned their multiple expansion with great fundamentals and undervaluation. A post the author replies to argues HPE, which sells servers and networking, is a laggard rerating toward the leaders. x.com  x.com 

Dell faces heavy selling pressure as the Dell Foundation has filed to sell $1.2 billion of Dell shares. The last time it did so, the stock fell 24% in just six days. x.com 

Dell has room to run to $800 next after its climb from the $450s to $600, backed by heavy options buying. Someone has bet over $4 million in one of the most aggressive options buy executions seen. x.com 

SanDisk ranks in the top 6% of the universe for its mix of attractive valuation and strong price momentum, as Dell's results strengthened expectations for sustained AI storage demand. Dell's Q2 revenue jumped 58% to $47 billion, with a record $95 billion AI backlog and FY2027 revenue guidance raised from $167 billion to $192 billion. x.com