Dell的超额表现源于其客户结构（主权AI、Neoclouds、企业级）规避了超大规模云服务商敞口。
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想象一下，我们迎来一个令人愉悦的10%涨幅日，而这家公司市值实际上增加了一个半戴尔。我不是指歌手 Adele，我是指一个完整的 Dell 加上半个 Dell。
imagine we get a delicious 10% day and this company adds literally a Dell and a half. And I don't mean Adele the Singer. I mean Dell and another half of Dell.
Dell。呃，我们之前谈过这只股票。我是说，真的，我认为他们完全利用了开源权重模型的机遇。这很聪明，非常聪明。所以我为他们感到兴奋。
Dell. Uh, we talked about this one earlier. I mean, really, I think they're they're taking advantage hookline and sinker of the open weight play. Uh, which is smart. Really smart. So, I uh I'm excited for them.
就像那样，Dell 没有的东西。作为对比，Dell 并没有向超大规模云服务商销售。他们面向的是 Neoclouds、主权 AI 和企业客户。而且 Dell 的表现更好，似乎正在分散来自超大规模云服务商的风险——如果那里存在风险的话，也许是因为有一种论调认为他们最终会停止支出。
Like that's what Dell doesn't have. Dell for comparison uh isn't selling to the hyperscalers. They're selling to Neoclouds, sovereign uh and enterprise and uh Dell's performing better like diversifying away uh from that hyperscaler risk if there's risk in that maybe because there's the thesis that you know they'll stop spending at some point.
老实说，这也是我认为 Dell 表现如此出色的原因之一，因为 Dell 并未暴露于超大规模云服务商的风险之下。他们暴露于主权 AI、Neoclouds 和企业市场。我认为这可能就是 Dell 表现更好的原因。
And honestly, that's one of the reasons Dell I think in my opinion is doing so well because Dell is not exposed to the hyperscalers. They're exposed to sovereign AI, Neoclouds, and Enterprise. And I think that might be why Dell is performing better.
这个频道对 $DELL 的历次判断
Meet Kevin 在这只股票上共 3 条判断，这里只列相邻的几条。