Barclays
June 1, 2026
Americas Morning Research Summary
Daily UpdateEquitiesMacro Economic IndicatorsInformation TechnologyHealth Care
A comprehensive daily summary of Barclays' equity research across the Americas, focusing on significant rating changes in tech and healthcare, and the accelerating impact of AI on market dynamics.
Key Takeaways
- 1.The ramp in AI demand in 2026 has been astonishing, with leading labs estimated to generate over $130B in revenue, running a year ahead of previous forecasts.
- 2.IBM has been initiated with an Overweight rating and $350 price target, cited as a stable growth engine with interesting option value in Quantum computing.
- 3.Dell Technologies reported significant growth in AI and traditional hardware, raising its AI server revenue target to $60 billion.
Table of Contents
- Summary of Changes
- Industry Research
- Equity Strategy
- Publications Summary
- Basic Industries
- Consumer
- Energy
- Financial Services
- Healthcare
- Industrials
- Internet & Media
- Investment Strategy & Macro
- Retail
- Technology
- Equity Strategy
- Analyst(s) Certification(s)
- Important Disclosures
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Authors
Raimo Lenschow, CFASaket Kalia, CFARoss SandlerEmily Field, CFA
Securities
IBMDELLAMDLLYST
Themes
AI Demand AccelerationOnshoring SkepticismASCO 2026 Oncology Catalysts
Regions
North AmericaEuropeAsia PacificUnited StatesCanadaMexico