Competitive Comparison

Super Micro Computer vs. Dell Technologies

A watchlist comparison of two AI-server builders — the smaller, faster-growing pure-play against the larger, more diversified enterprise-hardware incumbent.

Metric	Super Micro Computer (SMCI)	Dell Technologies (DELL)
PEG ratio	0.27	0.74–7.93 (sources vary widely)
5yr EBITDA growth	67.9%	3.80%
Capex (TTM)	−$156.45M	n/a

PEG ratio, compared

SMCI

0.27

DELL

0.74

Same PEG ratio figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of July 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why neither is in the book

Super Micro's 5-year EBITDA growth rate of 67.9% dwarfs Dell's 3.8%, and its PEG of 0.27 is genuinely cheap for that growth rate — the more obvious pure-play AI-server bet of the two. Dell is a much larger, more diversified enterprise-hardware company where AI servers are a growth segment layered on top of a mature PC and enterprise-storage business, which explains the sharply lower growth rate and wildly inconsistent PEG figures across sources. Neither is a position yet mainly because server hardware sits adjacent to, rather than squarely inside, the AI-infrastructure theme I already have real exposure to through NBIS, CRWV, VRT, and WYFI — it's on the list to keep tracking, not a gap I've concluded needs filling.