Dell’s Monster Quarter Just Confirmed Micron’s Biggest Opportunity Is Not Just HBM

Dell Technologies (DELL) reported a strong Q2 earnings beat, raising its full-year outlook. Analysts increased price targets, citing surging AI demand and robust infrastructure growth. DELL stock rose nearly 8% in pre-market trading, outperforming broader market declines. The company reported record revenue of $47 billion, with AI-optimized server revenue at $16.4 billion, and a $95 billion backlog.

Micron CEO highlights U.S. investments as a competitive advantage amid potential tariffs on Samsung and SK Hynix. The company is investing $250 billion in U.S. memory fabs, with production starting in 2027. Micron aims to close the production gap and secure a price premium for U.S.-made memory. Samsung and SK Hynix have not announced U.S. memory fab investments. Micron's HBM market share is 18%, with plans to double production capacity by year-end. China's CXMT is growing in commodity DRAM, reac

Micron CEO Sanjay Mehrotra highlighted the company's $250B US investment in memory chip production, positioning it as the sole US-based memory chipmaker. Micron is accelerating its Idaho fab's opening to mid-2027 and plans a $10B research campus. US Commerce Secretary Howard Lutnick hinted at targeted tariffs for Samsung and SK hynix, pressuring them to invest in US memory production.

Dell Technologies shares rose to all-time highs after strong Q2 earnings and raised full-year guidance. Uber announced 3,300 job cuts to focus on robotaxi development. Broadcom shares fell despite strong earnings due to lower-than-expected Q4 revenue guidance. Robinhood Markets gained after bullish analyst notes. Edison International and PG&E fell over 20% due to wildfire-related legislation.

Retail investors discussed five stocks: AVGO, LULU, DELL, SNOW, and GOOGL. AVGO reported strong Q3 earnings but missed revenue guidance. LULU missed Q2 estimates and cut full-year guidance. DELL beat Q2 estimates and raised full-year guidance. SNOW beat Q2 estimates and raised guidance. GOOGL gained after a court ruling and AI advancements.

The August jobs report showed 162,000 nonfarm payrolls added, exceeding expectations, with unemployment steady at 4.1%. Dell Technologies reported record Q2 2027 revenue of $47 billion, up 58% YoY, and $7.04 adjusted EPS, up 203% YoY. Dell's AI server orders reached $60.9 billion in the quarter. The Fed's Williams attributed rising Treasury yields to economic strength driven by AI and tech investments.