20 Trending AI Stocks on Latest Analyst Ratings and News

Page 3 of 19

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. Online retail platform Newegg recently announced that it would start working with Dell Technologies Inc. (NYSE:DELL) as an authorized partner. The online retail firm singled out the energy efficiency, recycled materials, and eco-friendly certifications of Dell hardware products in the press release issued on the occasion. The AI potential of Dell notwithstanding, the legacy hardware business of the company continues to gain increased traction.

Mizuho analyst Vijay Rakesh recently initiated coverage of Dell Technologies Inc. (NYSE:DELL) stock with an Outperform rating and $135 price target. The analyst, in an investor note, highlighted that generative artificial intelligence was igniting growth and disruption across multiple markets, including AI servers which comprised the infrastructure enabling the AI revolution. The note underlined that there were two major server manufacturers spearheading this future, including Dell Technologies.

Page 3 of 19