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DELL vs HPE
Which Stock Would AI Choose? Dell Technologies (DELL) vs. Hewlett Packard Enterprise (HPE) Stock Comparison
Key Takeaways
- Both DELL and HPE are leveraged to the AI infrastructure boom but were simultaneously downgraded by Barclays in mid-October 2026 on valuation and "enterprise AI timing" concerns.
- DELL carries a larger scale and AI order backlog (roughly $95 billion), while HPE has built a differentiated networking franchise through its Juniper Networks acquisition.
- DELL has outperformed year to date but trades at a higher earnings multiple; HPE screens cheaper on forward earnings but with a smaller AI-server footprint.
- Both stocks experienced sharp, sympathy-driven swings in recent weeks, underscoring elevated volatility across the AI hardware sector.
- Relative performance hinges on whether AI server revenue converts into durable profit margins, not just higher average selling prices.
Introduction
Dell Technologies and Hewlett Packard Enterprise are two of the most closely watched names in enterprise technology, and both have become direct proxies for investor enthusiasm around artificial intelligence infrastructure. This stock comparison is relevant for traders and investors seeking to understand how two similarly positioned rivals differ in scale, business mix, and market positioning. Recent weeks have brought a sharp reassessment of the AI hardware trade, making a head-to-head review of DELL and HPE especially timely for those monitoring relative performance and momentum.
DELL Overview and Recent Performance
Dell Technologies is a diversified technology hardware and infrastructure company spanning AI-optimized servers, traditional computing, storage, and personal computers. Its Infrastructure Solutions Group (ISG) has been the primary growth engine, and recent quarters have featured record AI server orders and a backlog reported near $95 billion. In its latest fiscal quarter, total revenue rose roughly 58% year over year, while ISG revenue jumped close to 89%, driven by demand for AI-optimized servers.
Despite these results, DELL shares pulled back sharply in recent weeks after a multi-month rally, with analysts flagging elevated valuations and questioning how much of the growth reflects rising memory prices rather than genuine demand. The stock remains substantially higher year to date, and its forward price-to-earnings (P/E) ratio is lower than its trailing multiple, reflecting strong projected earnings growth. Sentiment has been volatile, with the company's Dell AI Factory partnership with Nvidia drawing continued attention.
HPE Overview and Recent Performance
Hewlett Packard Enterprise focuses on servers, storage, and networking for enterprise and data-center customers. A defining recent development has been its integration of Juniper Networks, which has made networking a major contributor to operating profit—roughly half of the total by some estimates. In its latest reported quarter, revenue grew about 32% to 34% year over year, with networking revenue up roughly 75% and cloud-and-AI revenue rising around 25%.
HPE shares also corrected sharply in recent weeks following the same Barclays downgrade, after a year-to-date advance that at times exceeded 140%. The stock trades at a notably lower forward P/E ratio than DELL, and its market capitalization is far smaller, reflecting a more focused portfolio. Recent product launches, including AMD-powered ProLiant servers and its HPE AI Factory offerings, have kept the company central to the AI server conversation.
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Head-to-Head Comparison
The clearest contrast between these two stocks lies in scale and diversification. DELL combines a large AI-server business with a substantial personal-computer segment, giving it broader revenue exposure but thinner blended margins on AI hardware. HPE is more concentrated on enterprise infrastructure, with networking—bolstered by Juniper—offering a differentiated, higher-margin growth driver.
On momentum, DELL has delivered stronger year-to-date returns and a much larger AI order book, while HPE offers a more modest valuation and a recurring-revenue angle through networking. Risk factors are shared: both face sensitivity to memory component pricing, potential margin compression, and the question of whether enterprise AI adoption accelerates quickly enough to justify elevated expectations. Market sentiment has swung together for the two names, reflecting their common sector exposure.
Tickeron AI Verdict
Based on observable trend consistency, scale of the AI order backlog, and earnings-growth trajectory, Tickeron's AI would likely lean toward DELL for its larger infrastructure footprint and stronger relative momentum, while acknowledging that HPE presents a comparatively cheaper valuation and a steadier networking-driven mix. The assessment favors the stock with more durable demand signals and broader growth catalysts, though the elevated volatility and margin questions affecting both names warrant a probabilistic rather than definitive view.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is DELL is a StrongBuy and HPE is a StrongBuy.
DELL's RSI Indicator recovers from oversold territory
The RSI Oscillator for DELL moved out of oversold territory on October 20, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In 23 of the 25 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +9.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where DELL advanced for three days, in 257 of 317 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
DELL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on DELL as a result. In 56 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 64%.
The Moving Average Convergence Divergence Histogram (MACD) for DELL turned negative on September 24, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 35 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
DELL moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DELL crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DELL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
The Aroon Indicator for DELL entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 2 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DELL's P/B Ratio (-223.653) is very low in comparison to the industry average of (-7.914). P/E Ratio (28.881) is within average values for comparable stocks, (-2.508). Projected Growth (PEG Ratio) (0.638) is also within normal values, averaging (23.994). Dividend Yield (0.005) settles around the average of (0.011) among similar stocks. P/S Ratio (2.474) is also within normal values, averaging (51.774).
The Tickeron Profit vs. Risk Rating rating for this company is 7 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron SMR rating for this company is 17 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 25 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 35 (best 1 - 100 worst), indicating steady price growth. DELL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
HPE in upward trend: price may jump up because it broke its lower Bollinger Band on October 16, 2026
HPE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 35 cases where HPE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 89%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 40 of 58 cases where HPE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
HPE moved above its 50-day moving average on October 27, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +7.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where HPE advanced for three days, in 257 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
The Aroon Indicator entered an Uptrend today. In 212 of 272 cases where HPE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 78%.
Bearish Trend Analysis
The 10-day RSI Indicator for HPE moved out of overbought territory on October 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In 27 of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at 64%.
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on HPE as a result. In 58 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 70%.
The Moving Average Convergence Divergence Histogram (MACD) for HPE turned negative on October 14, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In 33 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 69%.
The 10-day moving average for HPE crossed bearishly below the 50-day moving average on October 26, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 77%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HPE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 12 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 35 (best 1 - 100 worst), indicating steady price growth. HPE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 37 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 38 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 56 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.046) is normal, around the industry mean (6.860). P/E Ratio (30.269) is within average values for comparable stocks, (4.961). Projected Growth (PEG Ratio) (0.500) is also within normal values, averaging (0.778). Dividend Yield (0.009) settles around the average of (0.111) among similar stocks. P/S Ratio (1.914) is also within normal values, averaging (11.937).
The Tickeron SMR rating for this company is 68 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
DELL | HPE | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 14 | 23 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 2 Undervalued | 56 Fair valued | |
PROFIT vs RISK RATING 1..100 | 7 | 12 | |
SMR RATING 1..100 | 17 | 68 | |
PRICE GROWTH RATING 1..100 | 35 | 35 | |
P/E GROWTH RATING 1..100 | 25 | 37 | |
SEASONALITY SCORE 1..100 | n/a | 38 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
DELL's Valuation (2) in the Computer Processing Hardware industry is somewhat better than the same rating for HPE (56). This means that DELL’s stock grew somewhat faster than HPE’s over the last 12 months.
DELL's Profit vs Risk Rating (7) in the Computer Processing Hardware industry is in the same range as HPE (12). This means that DELL’s stock grew similarly to HPE’s over the last 12 months.
DELL's SMR Rating (17) in the Computer Processing Hardware industry is somewhat better than the same rating for HPE (68). This means that DELL’s stock grew somewhat faster than HPE’s over the last 12 months.
DELL's Price Growth Rating (35) in the Computer Processing Hardware industry is in the same range as HPE (35). This means that DELL’s stock grew similarly to HPE’s over the last 12 months.
DELL's P/E Growth Rating (25) in the Computer Processing Hardware industry is in the same range as HPE (37). This means that DELL’s stock grew similarly to HPE’s over the last 12 months.
| DELL | HPE | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 90% | 2 days ago 64% |
| Stochastic ODDS (%) | 2 days ago 88% | 2 days ago 69% |
| Momentum ODDS (%) | 2 days ago 64% | 2 days ago 70% |
| MACD ODDS (%) | 3 days ago 67% | 2 days ago 69% |
| TrendWeek ODDS (%) | 2 days ago 81% | 2 days ago 73% |
| TrendMonth ODDS (%) | 2 days ago 68% | 2 days ago 63% |
| Advances ODDS (%) | 2 days ago 81% | 2 days ago 75% |
| Declines ODDS (%) | 13 days ago 64% | 13 days ago 62% |
| BollingerBands ODDS (%) | 2 days ago 83% | 2 days ago 89% |
| Aroon ODDS (%) | 2 days ago 63% | 2 days ago 78% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
DELL’s FA Score shows that 4 FA rating(s) are green while HPE’s FA Score has 1 green FA rating(s).
- DELL’s FA Score: 4 green, 1 red.
- HPE’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
DELL’s TA Score shows that 4 TA indicator(s) are bullish while HPE’s TA Score has 5 bullish TA indicator(s).
- DELL’s TA Score: 4 bullish, 6 bearish.
- HPE’s TA Score: 5 bullish, 5 bearish.
Price Growth
DELL (@Computer Processing Hardware) experienced а +8.75% price change this week, while HPE (@Telecommunications Equipment) price change was +8.47% for the same time period.
The average weekly price growth across all stocks in the @Computer Processing Hardware industry was -1.03%. For the same industry, the average monthly price growth was -14.57%, and the average quarterly price growth was -0.31%.
The average weekly price growth across all stocks in the @Telecommunications Equipment industry was +8.73%. For the same industry, the average monthly price growth was -3.46%, and the average quarterly price growth was -12.00%.
Reported Earning Dates
DELL is expected to report earnings on Nov 24, 2026.
HPE is expected to report earnings on Dec 03, 2026.
Industries' Descriptions
@Computer Processing Hardware (-1.03% weekly)Computer Processing Hardware industry produces central processing unit, monitor, keyboard, computer data storage devices, and graphics card. Business activity and economic growth are potential drivers of this industry – if more businesses are growing or flourishing, so would their investments in computer equipment. Dell Technologies, Inc, Hewlett Packard Enterprise Co., NCR Corporation are key producers of computer processing hardware.
@Telecommunications Equipment (+8.73% weekly)The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.
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DELL and
Correlation & Price change
A.I.dvisor indicates that over the last year, DELL has been loosely correlated with NTAP. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if DELL jumps, then NTAP could also see price increases.
| Ticker / NAME | Correlation To DELL | 1D Price Change % | ||
|---|---|---|---|---|
| DELL | 100% | +7.47% | ||
| NTAP - DELL | 60% Loosely correlated | +2.48% | ||
| SMCI - DELL | 49% Loosely correlated | +7.34% | ||
| LOGI - DELL | 46% Loosely correlated | +1.76% | ||
| P - DELL | 45% Loosely correlated | +5.63% | ||
| HPQ - DELL | 44% Loosely correlated | -1.50% | ||
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