10 Tech Stocks to Monitor Amid Market Volatility According to Bernstein Analyst

6. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 88 

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. The stock has climbed close to 50% in value so far this year as AI tailwinds continue to spark investor interest in the hardware products of the firm.  Analysts at investment advisory Bernstein are, however, cautious about the potential for a long term inflection in storage growth, but generally positive about the potential for a near-term cyclical recovery in storage. The advisory has an Outperform rating on the shares with a price target of $155, implying 39% upside.

In a recent investor note, the analysts at Bernstein provided a detailed outlook on Dell Technologies Inc. (NYSE:DELL), forecasting that the AI orders were likely to remain very strong this fiscal year, with revenues of $12 billion compared to $1.4 billion last year. The note further predicted improving profitability in infrastructure solutions amid cost-cutting and improvement in storage margins, as well as benefit from a cyclical rebound and AI offerings in the PC market.