35 Most Important AI Stocks for 2025 According to JPMorgan

Page 11 of 35

25. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 60 

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. In 2024, the company expanded its AI offerings, including AI-integrated PCs, GPU-enabled servers, and advisory services, leading to substantial revenue growth. Strategic partnerships with tech giants like NVIDIA, Qualcomm, Intel, xAI, and Meta further bolstered its position in the AI sector. In the third quarter of 2024, Dell’s revenue from AI-related products surged to $11.4 billion. In the second quarter of 2024, the company’s Infrastructure Solutions Group, which includes server sales, saw a 38% revenue increase. Demand for AI-optimized servers grew by 23% sequentially, reaching $3.2 billion. Consequently, Dell raised its annual revenue and profit forecasts, with expectations for its AI pipeline increasing to $11–13 billion from the previous $8–10 billion estimate.

Page 11 of 35