10 Best Computer Hardware Stocks to Buy According to Billionaires

8. Dell Technologies Inc. (NYSE:DELL)

Number of Billionaire Investors: 11

Billionaire Holdings: $259 Million

Number of Hedge Fund Holders: 63

Dell Technologies Inc. (NYSE:DELL) is a key player in IT infrastructure modernization, with expertise in artificial intelligence (AI), software-defined solutions, and cloud-native infrastructure. The company’s extensive product portfolio includes personal computers, servers, storage solutions, networking, software, and cybersecurity.

Loop Capital analyst Ananda Baruah gave a balanced outlook on Dell Technologies Inc. (NYSE:DELL)’s Q4 2024 results. He noted that the company’s Q4 earnings report showed a 7% rise in revenue, largely due to a 22% growth in its Infrastructure Solutions Group. Artificial intelligence remains a major growth factor, with $2.1 billion in AI server shipments, $1.7 billion in AI orders, and a $9 billion AI backlog. Despite these positive trends, the firm highlights that the company’s revenue projections are affected by delays in the expected PC refresh cycle. As a result, the analyst revised Dell Technologies Inc.’s (NYSE:DELL) price target, lowering it from $185 to $130, while still recommending a Buy rating.

In a similar move, a Morgan Stanley analyst described the results as better-than-feared overall, calling the results performance as mixed but hinted that guidance could be conservative. The analyst reaffirmed an Overweight rating with an unchanged price target of $128.