Meet Kevin on DELL
Every thesis Meet Kevin has voiced on DELL — 11 in all, newest first, with the arguments and risks behind each. Reads as the evolution of their view: the bottom is where they started, the top is where they landed.
BullishHOLY AI Merger: Nvidia's AI Stocks Marvell & Lumentum MERGINGOct 29, 2026
Open source video →Kevin describes Dell as having become substantially cheaper. He uses its historical performance to illustrate how a growing business segment can matter even within a diversified company, without making a forward stock-direction claim.
Key arguments
- He considers the valuation more attractive.
- Past performance illustrates the potential importance of a relatively small growth segment.
BullishMicrosoft Stock & Google Earnings & BessentOct 28, 2026
Open source video →Kevin briefly describes Dell as having become cheaper. He uses its historical performance to illustrate that a company can benefit even when only a small portion of its business is booming.
Key arguments
- He believes Dell's valuation has become more attractive.
- A growth segment can influence the investment case for a diversified company.
BullishPrepare for the Fed Meeting (and War???)Oct 28, 2026
Open source video →Kevin sees sovereign AI and on-premises enterprise deployment as favorable demand themes for Dell. This is an operational hardware-demand thesis without an explicit share-price forecast.
Key arguments
- AI investment is broadening beyond a small number of frontier laboratories.
- Nontechnology companies and governments are investing in their own infrastructure.
- He specifically associates sovereign and on-premises demand with Dell.
Risks acknowledged
- Interest rates and policy constraints can slow individual infrastructure projects.
Bullishholy sh*t JENSEN!!!Oct 27, 2026
Open source video →Kevin cites Dell as an example of enterprise AI spending broadening beyond frontier model laboratories. His discussion concerns business demand rather than a specific stock-price forecast or investment recommendation.
Key arguments
- Enterprise AI spending is offered as a reason Dell is doing well.
- Open-weight models allow more businesses to deploy AI infrastructure.
BullishBIG WEEK: Fed, Rates, Catalysts, Fear, Stocks, RecoveryOct 27, 2026
Open source video →Kevin notes Dell's recovery around a moving-average support area and attributes its strength to enterprise AI demand. This is supporting operational and historical commentary rather than a separate forward investment call.
Key arguments
- Enterprise AI spending extends beyond frontier laboratories.
- The stock is recovering near its discussed 100-day moving average.
BullishChip Stocks, AI, Fed, Iran, SpaceXOct 19, 2026
Open source video →Kevin notes Dell's pullback to its 100-day moving average while discussing opportunities among discounted AI-related companies. He does not provide a company-specific forward return or price forecast.
Key arguments
- The shares have declined substantially.
- He frames sector weakness as connected to neocloud fears.
Risks acknowledged
- The observed moving-average level does not establish that a recovery has begun.
BullishThe Collapse is Starting: Is this the Black Swan?Oct 17, 2026
Open source video →Dell could benefit operationally from companies running AI models on their own premises. Kevin identifies its hardware offerings as an alternative to renting centralized compute, without predicting Dell's stock direction.
Key arguments
- Dell sells hardware suitable for companies bringing AI workloads in-house.
- Investor attention is shifting toward local model deployment and agentic computing.
Risks acknowledged
- Apple is another supplier positioned to serve local AI workloads.
Bullish*The Critical Release of the CPI Report* FED RATESOct 14, 2026
Open source video →Kevin describes equipment expensing incentives as a benefit to Dell and connects that policy to its historical stock performance. The commentary concerns an existing policy benefit and past gains, with no new directional forecast.
Key arguments
- Full equipment expensing encourages corporate purchases from suppliers such as Dell.
- He says the policy has already benefited Dell's stock.
Risks acknowledged
- He also characterizes the wider investment incentives as inflationary.
- Past stock gains do not establish a forecast of further gains.
BullishThis CPI Report is Bad for MANY Reasons...Oct 14, 2026
Open source video →Kevin says equipment-expensing incentives have benefited Dell stock and its founder's wealth. The discussion concerns benefits already realized, rather than a forecast for future investment returns.
Key arguments
- Full equipment expensing encourages companies to purchase equipment from suppliers such as Dell.
- He cites Dell stock's past gains and Michael Dell's increased wealth as evidence of the policy's benefits.
Risks acknowledged
- He argues that the broader policy environment contributes to inflation that harms ordinary consumers.
Bullishwhy stocks are skyrocketing [spoiler: it's just getting started]Sep 21, 2026
Open source video →Kevin notes Dell has had a phenomenal rally alongside AMD, though he expects momentum to eventually shift toward other hardware names.
Key arguments
- Dell has rallied to all-time highs alongside AMD amid the hardware demand surge
Risks acknowledged
- Momentum could rotate away from Dell toward other plays as the rally matures
MixedThis AI Stock Rally is UNSTOPPABLE. Here's WHY.Aug 26, 2026
Open source video →Kevin argues Dell is uniquely positioned to profit from the shift toward open-weight AI models by selling full on-prem hardware stacks (GPUs, CPUs, racks, storage) to enterprises wanting to run AI securely and locally. He is bullish on the underlying business trend and enterprise AI spend, but believes the stock has become overvalued and hyped after the 'Claude moment,' so he'd wait for a better entry point rather than buy now.
Key arguments
- Dell sells a full 'trifecta' hardware package (GPUs, CPUs, NAND) enabling enterprises to run open-weight AI models on-prem securely.
- Customer base for this on-prem hardware grew 50% over the last 6 months amid rising enterprise AI budgets.
- Net income has roughly tripled due to operating leverage even as AI server gross margins remain low (4-7%) and are declining.
- Projected EPS of $18.73 for fiscal year ending January 2027 with about 16% annual growth.
Risks acknowledged
- AI server margins are weak (4-7%) and net margins are compressing, similar to a defense contractor like Lockheed Martin.
- Balance sheet is 'yellowish' with $61 billion in near-term bills and $27 billion of long-term debt.
- Valuation looks aggressive/hyped after the post-Claude enterprise AI demand surge.
2 predictions from this thesis
