35 AI Superstars According to Goldman Sachs

15. 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. Investment advisory Bernstein recently penned an investor note on the AI market, highlighting that while investors generally believed more spending was going to inferencing, ever-increasing efficiencies in that area had prompted Bernstein to contend that training cost significantly more. Referencing Dell, the advisory said the fortunes of the firm remained tethered to training and Tier 2 hyperscalers for the foreseeable future, where profits were very low, as opposed to on-premise inferencing, where margins were likely to be much higher.

Latest reports, published by news platform Bloomberg, claims that Dell Technologies Inc. (NYSE:DELL) will continue to reduce its workforce this year. The move is part of a larger plan by the hardware company to control costs amid concerns that demand for PCs hasn’t rebounded and sales of servers optimized for artificial intelligence aren’t as profitable as other products. Dell has said that a limitation on outside hiring, job reorganizations and other actions will produce continued reduction in our overall headcount in the fiscal year ending in February 2025.