10 AI Stocks That Will Skyrocket

2. Dell Technologies Inc (NYSE:DELL)

Street High Upside as of December 3, 2024: 76%

Number of Hedge Fund Holders: 60

Dell Technologies Inc (NYSE:DELL) is a technology company that is a pioneer in producing desktops, servers, storage solutions, monitors, and gaming products. The company has been making some strategic moves to establish dominance in the AI sector.

In the fiscal third quarter of 2025, Dell Technologies Inc (NYSE:DELL) delivered $24.4 billion in revenue, of which infrastructure solutions and client solutions posted a combined revenue of $23.5 billion, up by 13% year-over-year.

Extending its services, on November 18, the company launched a series of advancements in its Dell AI factory to enhance AI for enterprises. Part of the advancements include the launch of new liquid and air-cooled servers, allowing the entity to deliver advanced compute at scale. Dell Technologies Inc (NYSE:DELL) is also set to improve how enterprises manage and prepare their data to automate tasks and garner crucial insights.

Overall, the demand for AI-optimized servers remained at a record high, with orders reaching $3.6 billion in FQ3 and significant growth was reported across all customer types. In addition to that, Dell Technologies Inc (NYSE:DELL) had an AI backlog of $4.5 billion as of Q3, and AI server shipments totaled $2.9 billion during the same period.