12 Most Undervalued Tech Stocks to Invest in Now

5. Dell Technologies Inc. (NYSE:DELL)

Forward P/E Ratio: 14.08

Earnings Growth: 14.06%

Number of Hedge Fund Holders: 60

Dell Technologies Inc. (NYSE:DELL) ranked as the 5th most undervalued tech stock to invest in now. It specializes in technology infrastructure, and computing, and has gained an indispensable position with its AI servers.

Scout Investments, Inc., an affiliate of Carillon Tower Advisers in its second quarter investor letter for 2024 highlighted that Dell Technologies Inc. (NYSE:DELL) was one of the top contributors. The firm expects the company to become an important player in AI hardware infrastructure on the back of its depth and breadth of AI servers and personal computers product portfolio.

Management of Dell Technologies Inc. (NYSE:DELL) has the same plans as Scout Investment, Inc. pointed out. During the earnings call release for the fiscal third quarter of 2025, management highlighted that they believe the total addressable market for AI infrastructure to reach $265 billion by 2027, thereby providing a substantial growth runway for its AI servers. The company is already experiencing increased demand from the industry. During the third quarter, Its Infrastructure Solutions Group posted record revenue of $11.6 billion after growing 38% year-over-year. Here’s what Carillon Scout Mid Cap Fund stated regarding Dell Technologies Inc. (NYSE:DELL) in its Q2 2024 investor letter:

“Dell Technologies Inc. (NYSE:DELL) was a top contributor despite reporting disappointing first-quarter earnings results because investors looked through the near-term disappointment and expected strong growth from AI-related servers and personal computers. We expect Dell to participate in the growth of artificial intelligence hardware, especially as enterprises invest more aggressively. We like the company’s depth and breadth of products and services, as well as its focus on keeping costs low.”