Leroy Groffier(@LeroyGroffier):$DELL $HPE $HPQ $992 $MSFT suffice it to say that the below initial take from last week re: implications of Lenovo results -- was unequivocally wrong. If the industry experts were blindsided by the $NVDA led AI PC resurgence (Windows-on-ARM AI PC), then we probably have some runway left on the PC / trad server names.

2026.06.01 12:57

$DELL $HPE $HPQ $992 $MSFT suffice it to say that the below initial take from last week re: implications of Lenovo results -- was unequivocally wrong. If the industry experts were blindsided by the $NVDA led AI PC resurgence (Windows-on-ARM AI PC), then we probably have some runway left on the PC / trad server names.

Leroy Groffier@LeroyGroffier

2026.05.26 12:30

$DELL $HPQ skeptical view from MS: don't read too much into Lenovo $992 results (more of a catch-up move). Lenovo benefiting from China share gain & better memory supply mgmt. Also, calling for consumer falloff (and margin payback) in 2H and arguing agentic demand not yet a major contributor to enterprise orders. Personally I want to believe, which is why it is worth considering the counterarguments here.