SMCI vs DELL: Super Micro Computer and Dell Technologies as AI Stocks
Super Micro Computer (SMCI) and Dell Technologies (DELL) are both tracked in the Supercycle AI universe. DELL is the larger company at $349.59B versus $27.22B, and SMCI carries the higher AI Exposure Score (90 vs 55, Pure Play tier), meaning its business depends more directly on AI demand.
Market data as of the close on . Prices are end of day, not live.
Side by side
| Metric | SMCI | DELL |
|---|---|---|
| Price | $41.44 | $549.83 |
| Market cap | $27.22B | $349.59B |
| 24h change | -0.24% | +0.17% |
| 7d change | +12.46% | -2.39% |
| 1y change | -10.30% | +321.56% |
| P/E ratio | 12.7 | 32.0 |
| AI Exposure Score | 90 (Pure Play) | 55 (Strategic) |
| Sector | Technology | Technology |
| Buildout layers | Data Centers & Hardware | Data Centers & Hardware |
SMCI's role in the buildout
Supermicro sits in the Data Centers & Hardware layer of the buildout, one step downstream from the chipmakers. It turns GPUs into deployable systems: racks, cooling, storage, and integration, sold to data centers and AI cloud providers. AI systems make up the bulk of its revenue, so its results move directly with AI capital spending rather than tracking it at a distance. That direct linkage is why Supercycle scores its AI exposure at 90 out of 100.
DELL's role in the buildout
Dell sits in the Data Centers & Hardware layer as one of the main arms dealers of the enterprise AI buildout. When companies and neocloud operators want GPU servers without building them, they buy PowerEdge systems, and AI infrastructure has become Dell's main growth engine. PCs, storage, and traditional servers still make up the revenue majority, which anchors the business but dilutes the AI signal. Supercycle scores its exposure as substantial and rising with AI server demand.
Both stocks sit in Data Centers & Hardware, so they compete for the same slice of AI spending.
Frequently asked questions
Is SMCI or DELL the bigger company?
Dell Technologies is bigger: $349.59B versus $27.22B by market cap, as of the latest end-of-day data.
Which has more AI exposure, SMCI or DELL?
Super Micro Computer does: its AI Exposure Score is 90 (Pure Play tier) versus 55 (Strategic). The score measures how much of the business depends on AI, not which stock is the better investment.
Build your own comparison of any tracked stocks with the compare tool, or see how the layers fit together in the Start Here guide. Nothing here is investment advice; see the disclaimer.