BofA Bullish on Dell AI Revenue $60B

Bank of America analyst Wamsi Mohan maintains a buy recommendation on Dell, citing robust AI server demand in 2026.
BofA forecasts AI server unit growth of 28% YoY and average selling prices up 50%, projecting a $495 bn market in 2026.
Dell is estimated to capture 12% of AI server revenue, with 2026 revenue projected at $60 bn, above its $50 bn guidance.
Dell’s AI server ASPs are 82% higher than industry average, driven by higher Nvidia/AMD GPU mix and Tier 2 cloud exposure.