7 Cheap Global Stocks to Buy Right Now

4. Dell Technologies Inc. (NYSE:DELL)

Forward P/E ratio as of February 24^th: 12.38x

Number of Hedge Fund Holders: 63

Dell Technologies Inc. (NYSE:DELL) is a major player in the global technology industry, offering a broad range of hardware, software, and IT services. Best known for its PCs, laptops, and enterprise servers, the company also has a strong presence in cloud infrastructure, data storage, and cybersecurity solutions. With businesses increasingly prioritizing digital transformation, DELL continues to expand its capabilities in AI-driven computing, hybrid cloud environments, and edge computing. While the PC market remains cyclical, the company’s focus on enterprise IT and subscription-based services provides a more stable revenue stream, positioning it for long-term growth in an evolving tech landscape. DELL is one of the cheap global stocks to invest in.

Dell Technologies Inc. (NYSE:DELL)  demonstrated strong performance in AI-optimized servers with orders up 11% sequentially in the latest Q3. The company has accumulated orders of $11.5 billion and shipped $8.5 billion over the last four quarters, maintaining a robust backlog of $4.5 billion. The pipeline for AI servers grew 50% sequentially and represents several multiples of the current backlog, with particularly strong growth in enterprise opportunities at 55% sequential growth and 2,000 unique buyers. DELL’s competitive advantage stems from its comprehensive portfolio across server, networking, and storage solutions, along with innovative products. The ISG business demonstrated remarkable growth of 34% with an operating income of 13.3%, delivering $1.5 billion in operating income dollars, growing faster than revenue at 41%.

Dell Technologies Inc. (NYSE:DELL) is well-positioned in traditional servers with six consecutive quarters of sequential growth and four consecutive quarters of YoY growth. In storage, the company expects to grow at a premium to market and gain share, supported by strong performance in PowerStore with double-digit growth and leadership in the PowerProtect Data Domain with a 60-plus percent market share. All in all, the company is showing strong momentum at execution while trading at a cheap 12.38x forward P/E.