{"id":25108,"date":"2024-06-04T23:56:00","date_gmt":"2024-06-04T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=25108"},"modified":"2025-09-23T12:25:53","modified_gmt":"2025-09-23T04:25:53","slug":"how-dell-make-money","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/","title":{"rendered":"How does the resurrected Dell make money?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Founded\" >Founded<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Across_various_electronic_products\" >Across various electronic products<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Initial_public_offering\" >Initial public offering<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Glorious_past\" >Glorious past<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Once_delisted_in_disgrace\" >Once delisted in disgrace<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Second_re-listing\" >Second re-listing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Mentioned_in_my_books\" >Mentioned in my books<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Ultra-low_profit_margin_industry\" >Ultra-low profit margin industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Enter_the_enterprise_market_at_the_same_time\" >Enter the enterprise market at the same time<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Major_mergers_and_acquisitions\" >Major mergers and acquisitions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Alienware\" >Alienware<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#EqualLogi\" >EqualLogi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Perot_Systems\" >Perot Systems<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#3PAR\" >3PAR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#EMC\" >EMC<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Selling_non-core_divisions\" >Selling non-core divisions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Information_services\" >Information services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#VMware\" >VMware<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Jump_on_the_bandwagon_of_AI\" >Jump on the bandwagon of AI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Capital_market_performance\" >Capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Comparison_with_peers\" >Comparison with peers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Share_price_performs_well\" >Share price performs well<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Founded\"><\/span>Founded<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Dell\" target=\"_blank\" rel=\"noreferrer noopener\">DELL <\/a>(ticker: DELL) was founded by Michael Dell in 1984. Founder Michael Dell founded PCs Limited, a computer company, when he was a student at the University of Texas at Austin. He used his dorm room as his corporate headquarters and sold computers built from off-the-shelf parts and compatible with IBM PCs. Michael Dell believes that by selling personal computer systems directly to customers, PCs Limited can better understand customer needs and provide the most effective solutions to meet customer needs. After receiving approximately $300,000 in funding from his family, Michael Dell decided to drop out of school in order to focus all his attention on his undeveloped career.<\/p>\n\n\n\n<p>With its direct business model (that is, cutting out the middleman and selling products directly to customers), the company is able to provide customers with a variety of products at cheaper prices and guarantee door-to-door delivery.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Across_various_electronic_products\"><\/span>Across various electronic products<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Dell is involved in almost all device products in the electronics industry, personal computers, servers, data storage devices, network switches, mobile phones, software, enterprise information services, printers and computer peripherals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Initial_public_offering\"><\/span>Initial public offering<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On June 22, 1988, Dell went public for the first time; since then, Dell&#8217;s market value has increased from US$30 million to US$80 million.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Glorious_past\"><\/span>Glorious past<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 1992, Dell was named one of the world&#8217;s top 500 companies by Fortune magazine, and Michael Dell became the youngest CEO ever among the top 500 companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Once_delisted_in_disgrace\"><\/span>Once delisted in disgrace<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Dell and its peer Lenovo, two of the top three PC manufacturers, were all hit by the rise of mobile phones and cloud computing in the early 21st century. Both stock prices and company revenue continued to suffer sharp losses for a long time, resulting in It had to be taken off the market to protect itself.<\/p>\n\n\n\n<p>On February 5, 2013, Dell announced its delisting plan. Group founders Michael Dell and Silver Lake spent US$24.9 billion to privatize Dell and delist it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Second_re-listing\"><\/span>Second re-listing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Five years later, on December 11, 2018, Dell announced its relisting on the U.S. stock market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mentioned_in_my_books\"><\/span>Mentioned in my books<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ultra-low_profit_margin_industry\"><\/span>Ultra-low profit margin industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 3-1 of my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;, I take HP (ticker: HPQ) and Hewlett Packard Enterprise (ticker: HPE) as examples. 3-1 also specifically lists a series of industries to remind long-term investors not to touch.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enter_the_enterprise_market_at_the_same_time\"><\/span>Enter the enterprise market at the same time<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In my book  &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;, in order to explain the differences and valuations between personal consumption companies and enterprise companies, I also took Hewlett-Packard and Hewlett Packard Enterprise (ticker: HPE) in 3-2 of the book as an example. Dell is another typical example of a company that includes both consumer and enterprise sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_mergers_and_acquisitions\"><\/span>Major mergers and acquisitions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Alienware\"><\/span>Alienware<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2006, Dell acquired fellow computer manufacturer Alienware.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EqualLogi\"><\/span>EqualLogi<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Dell officially acquired EqualLogi on January 28, 2008, to gain a foothold in the iSCSI storage market, thereby lowering the company&#8217;s production costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Perot_Systems\"><\/span>Perot Systems<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On September 21, 2009, Dell announced the merger with Perot Systems. Perot System mainly provides application development, system integration and strategic consulting services, and provides a series of outsourced service business processes, including claims processing and call center operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3PAR\"><\/span>3PAR<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On August 16, 2010, Dell announced the acquisition of data storage manufacturer 3PAR.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EMC\"><\/span>EMC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On October 12, 2015, Dell and its founder Michael Dell will work with MSD Partners (Michael Dell&#8217;s investment firm) and Silver Lake private equity funds to acquire data storage device manufacturer EMC for US$33.15 per share. Shareholders including EMC will It received US$24.05 per share in cash and 0.111 shares of VMware tracking stock held by EMC. Taking into account the current value of cash and stock, the total value of this transaction reached US$67 billion, becoming the largest acquisition of a technology company in the history of the United States.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Selling_non-core_divisions\"><\/span>Selling non-core divisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Due to the painful lessons of privatization and restructuring in 2013, Dell began to sell non-core assets to refocus on the company&#8217;s core departments. The sale of two major assets is particularly important and deserves to be mentioned here.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Information_services\"><\/span>Information services<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On March 28, 2016, Dell sold its IT technology services department to NTT Data, a subsidiary of Nippon Telegraph and Telephone (NTT), for US$3.05 billion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"VMware\"><\/span>VMware<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On July 3, 2018, Dell acquired VMware for US$23.9 billion in cash and stock. On May 26, 2022, Dell sold VMware to Broadcom. For details, see my previous article &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/23\/significant-changes-in-broadcoms-business-approach\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Broadcom make money? Significant changes in business approach<\/a>&#8220;.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jump_on_the_bandwagon_of_AI\"><\/span>Jump on the bandwagon of AI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The turning point occurred in 2016. After the explosion of artificial intelligence technology, Dell realized that this was an opportunity to turn around. Then began to vigorously deploy artificial intelligence.<\/p>\n\n\n\n<p>In 2018, Dell released the new high-end storage PowerMax, which has a built-in machine learning engine; in 2020, it released the artificial intelligence server PowerEdge and AI PC, from artificial intelligence servers to artificial intelligence storage platforms, to embedded artificial intelligence Dell has all the functional PC products!<\/p>\n\n\n\n<p>At the same time, Dell is also making money softly. The fourth quarter performance report of fiscal year 2023 released in February 2024 showed that Dell\u2019s fourth quarter net profit was US$1.16 billion, an increase of 91% over the same period last year. Dell chief operating officer Jeff Clarke said:<\/p>\n\n\n\n<p>&#8220;Dell&#8217;s strong performance growth can be largely attributed to AI technology. AI-optimized server order volume increased by 40% sequentially, and the order backlog nearly doubled, reaching $2.9 billion at the end of our fiscal year&#8221;.<\/p>\n\n\n\n<p>On April 4, 2024, Dell&#8217;s increase expanded to more than 5%, and its stock price hit a record high. Mainly because the company has launched two new nodes for all-flash products &#8211; the Dell PowerScale F210 and F710. Dell released the latest generation of high-performance file storage systems this time, relying on leading PowerEdge servers to help calculate the most intensive workloads.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_market_performance\"><\/span>Capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_with_peers\"><\/span>Comparison with peers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Company name<\/td><td>Ticer<\/td><td>Share price<\/td><td>2023 share performance<\/td><td>YTD share performance<\/td><td>P\/E<\/td><\/tr><tr><td>Supermicro<\/td><td>SMCI<\/td><td>1163<\/td><td>246.24%<\/td><td>307.43%<\/td><td>90.9<\/td><\/tr><tr><td>Dell<\/td><td>DELL<\/td><td>113.55<\/td><td>90.20%<\/td><td>51.83%<\/td><td>26.04<\/td><\/tr><tr><td>HP Enterprise<\/td><td>HPE<\/td><td>18.05<\/td><td>6.39%<\/td><td>6.62%<\/td><td>12.42<\/td><\/tr><tr><td>Lenovo<\/td><td>LNVGY<\/td><td>24.53<\/td><td>72.76%<\/td><td>-12.05%<\/td><td>17.5<\/td><\/tr><tr><td>IBM<\/td><td>IBM<\/td><td>197.78<\/td><td>16.08%<\/td><td>22.46%<\/td><td>24.58<\/td><\/tr><tr><td>Nvidia<\/td><td>NVDA<\/td><td>919.13<\/td><td>238.87%<\/td><td>90.82%<\/td><td>77.03<\/td><\/tr><tr><td>AMD<\/td><td>AMD<\/td><td>202.76<\/td><td>127.59%<\/td><td>46.31%<\/td><td>385.81<\/td><\/tr><tr><td>Intel<\/td><td>INTC<\/td><td>45.24<\/td><td>90.12%<\/td><td>-5.36%<\/td><td>112.82<\/td><\/tr><tr><td>S&amp;P 500 index<\/td><td>\u3000<\/td><td>5,175.27<\/td><td>24.23%<\/td><td>9.12%<\/td><td>23.27<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Note: numbers are as of 3\/12\/2024<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share_price_performs_well\"><\/span>Share price performs well<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>More importantly, Dell&#8217;s share price has risen by 309% in the past five years, beating Apple&#8217;s 245% share price increase in the same period. Dell&#8217;s stock price hit a record high of $166 per share, with a 110% increase from the beginning of 2024 to the end of May, with a market value of $113.8 billion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"181\" height=\"102\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/04\/dell-Custom.jpg\" alt=\"Dell\" class=\"wp-image-25131\"\/><figcaption class=\"wp-element-caption\">credit: Ideogram<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-d8a344e9-4edc-4dc1-b981-40aa61d258b5\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/22\/seagate-comeback-ai\/\">Seagate comeback thanks to AI, No 1 S&amp;P 500 perform stocks YTD<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/19\/gpu-farms-coreweave\/\">How GPU farms CoreWeave make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/22\/applied-digital-make-money\/\">How does Applied Digital make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/08\/deepseek-rout\/\">DeepSeek routed the global AI and stock<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/12\/chinese-ai-companies\/\">Chinese AI progress and top companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/04\/how-dell-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does the resurrected Dell make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/24\/hpe-on-enterprise\/\">HPE expertizes on enterprise technology services<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/28\/how-arista-makes-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Arista, the nemesis of Cisco\u2019s monopoly, makes money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/24\/ai-pc-supply-ecosystem\/\" target=\"_blank\" rel=\"noreferrer noopener\">AI PC is changing the PC supply chain and ecosystem<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/03\/supermicro-is-not-worth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Supermicro, a repeat offender of scandals, valuation is not justified and unsustanable, no worth for long-term holding<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/31\/ai-benefits-industries\/\" target=\"_blank\" rel=\"noreferrer noopener\">Artificial intelligence benefits industries<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/25\/will-intel-go-bankrupt\/\" target=\"_blank\" rel=\"noreferrer noopener\">Will Intel go bankrupt?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/03\/04\/hp-important-good-company\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does HP make money? The pros and cons of investing in HP<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/16\/ibm-cloud\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does IBM make money? What&#8217;s next?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/14\/buffett-hold-for-long-haul\/\" target=\"_blank\" rel=\"noreferrer noopener\">Is Buffett no longer hold for long haul? TSMC, HP, and US Bancorp cases study<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/23\/significant-changes-in-broadcoms-business-approach\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Broadcom make money? Significant changes in business approach<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/04\/data-center-a-rapidly-growing-semiconductor-field\/\">Data center, a rapidly growing semiconductor field<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Dell is involved in almost all device products in the electronics industry, personal computers, servers, data storage devices, network switches, mobile phones, software, enterprise information services, printers and computer peripherals.<\/p>\n","protected":false},"author":1,"featured_media":25131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1305,1277,1492,116,53],"tags":[355,426,354,168,1240,1232],"class_list":["post-25108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diversified-conglomerate-group","category-computer","category-datacenter","category-hardware","category-ipo","tag-dell","tag-hpe","tag-hpq","tag-ibm","tag-lnvgy","tag-smci"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=25108"}],"version-history":[{"count":34,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25108\/revisions"}],"predecessor-version":[{"id":38820,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25108\/revisions\/38820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/25131"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=25108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=25108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=25108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}