Dell vs. HPE: Which Top AI Server Stock Is the Better Buy?

DELL and HPE both reported record quarterly results fueled by surging AI server demand, but DELL claimed the lead with 58% revenue growth and AI-optimized server revenue that doubled year-over-year. HPE posted 34% revenue growth driven by gains in its server and networking business. Both companies raised their full-year guidance following the blowout quarters.

DELL's larger position in AI servers and faster top-line expansion give it an edge for growth-focused buyers, according to Zacks Investment Research. HPE trades at more attractive valuation multiples, positioning it as the pick for value-oriented portfolios. The AI infrastructure buildout continues to drive enterprise hardware demand, with both companies capturing share as hyperscalers and enterprises scale computing capacity.