Yorkville Ives adds Dell stock and SpaceX to AI 30 list on infrastructure shift

Yorkville Ives has updated its AI 30 list to reflect shifting infrastructure trends. The firm added Space Exploration Technologies (SpaceX) and Dell Technologies, while removing Oracle and Pegasystems. SpaceX's inclusion is tied to its role in the AI infrastructure layer, driven by low-earth-orbit connectivity and reusable launch advancements.

Dell's addition highlights the growing importance of server and infrastructure layers in AI stacks. The decision to drop Oracle may stem from increased competition from frontier model providers, as noted by analysts D.A. Davidson and JPMorgan, who currently hold a Neutral rating on Pegasystems. Pegasystems remains a key player in enterprise AI platforms, with Yorkville Ives maintaining an Outperform rating and a price target of $43.00. Analysts' differing views on Pegasystems' future performance underscore the evolving AI landscape.