20 AI News and Analyst Ratings You Should Not Miss

17. 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 company is one of the premier PC firms in the world. The shares have soared since a recent report by the International Data Corporation that highlighted the growth in the PC market over the past few months. Per the IDC, the global PC monitor market ended the second quarter of 2024 with 5.9% growth in unit shipments compared to the same quarter a year ago. This marked the third consecutive quarter where year-over-year growth was positive.

Mizuho analyst Vijay Rakesh recently initiated coverage of Dell Technologies Inc. (NYSE:DELL) stock with an Outperform rating and $135 price target. In an investor note, the analyst underlined that generative artificial intelligence was igniting growth and disruption across multiple markets, including AI servers which comprised the infrastructure enabling the AI revolution. In this context, per the analyst, there were two major server manufacturers spearheading this future, namely Supermicro and Dell Technologies. Generative AI was growing exponentially, supporting secular growth in the AI server market, the analyst added, but there were profitability risks from low differentiation, a concentrated customer base, and increasing competition, with Dell better positioned than Supermicro because of a broader portfolio and better balance sheet.