Morgan Stanley analyst Erik Woodring notes that colleagues in the firm’s Greater China Tech Hardware coverage raised expectation for Wistron’s GB200 rack shipments, referencing major U.S. enterprise customers placing more orders. Given that Wistron is Technologies’ major GB200 partner, the firm believes the increase in Wistron’s rack shipment forecast for calendar year 2025 has “a direct positive read-through” for Dell‘s AI server orders, backlog and revenue for FY26, the analyst tells investors. Morgan Stanley has an Overweight rating and $128 price target on Dell shares.
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