戴尔受益于本地AI基础设施的需求（因投资回报率），但长期增长取决于初始饱和后的未来更新周期。
逐段跳播
这个价格跌至不到一美元的部分原因可能是由于开放权重模型的发布，这些模型一天比一天强大。这实际上对经济的一些部分是一个积极的指标，这也是我们在频道上关注的 Dell 股票——记得订阅——已经飙升的原因之一。
Part of the reason this price has dropped to less than one dollar is probably due to the release of open weight models, which are getting stronger day by day. This is actually a positive indicator for parts of the economy, and it is one of the reasons why Dell's stock, which we follow on the channel - make sure to subscribe - has skyrocketed.
这正是像 Dell 这样的公司目前表现良好的原因。Dell 现在表现非常好，因为现在每当你能够扩展你的本地计算机并在你的办公室建立一个数据中心，并将其连接到 240 或 370 伏的基础设施，砰，你就连接到了互联网，因为 Dell 来了，放了一个机柜，为你加载软件，并且内置了交换机。
它包含内置的不间断电源（UPS），并且不是一家背负债务和养老金义务的公司，还有备用电池。它包含图形处理单元（GPU）和中央处理单元（CPU）。它内部包含完整的套件。它包含铜线、光纤，以及以太网和 Infinity Band 等等。
它已经完成了。这就是 Dell 获胜的原因，因为由于实际的投资回报率（ROI），公司希望本地化这些。
This is precisely the reason behind the good performance of a company like "Dell" at the moment. Dell performs very well now because whenever you can expand your local computers and set up a data center in your office now, and connect it to a 240 or 370-volt infrastructure, boom, you get connected to the internet because Dell comes and puts in a cabinet, loads the software for you, and has a built-in switch. It contains a built-in uninterruptible power supply (UPS), and is not a company burdened with debt and pension obligations, and a backup battery. It contains graphics processing units (GPUs) and a central processing unit (CPU). It contains the complete package inside. It contains copper wires, fiber, and whatever, Ethernet, and Infinity Band. It has already been done. This is why Dell wins, because companies want this locally due to the actual return on investment (ROI ).
这就是问题所在。就像一旦你购买了本地设备，你真的不必再买它们了。顺便说一句，这是 Dell 的看跌论点。Dell 的看跌论点是最终的增长率是多少。是的，我们现在蓬勃发展，但一旦人们购买了那些设备，更新周期以及因此的增长会是什么样子？
That's the issue. It's like once you buy the local devices, you really don't have to buy them again. This is the argument for the decline (bear case), by the way, for Dell. Dell's argument for decline is what the ultimate growth rate is. Yes, we are thriving now, but once people buy those devices, what does the cycle of renewal and therefore growth look like?
这个频道对 $DELL 的历次判断
Meet Kevin 在这只股票上共 8 条判断，这里只列相邻的几条。