We recently published a list of 15 AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against other AI news updates investors should not miss.
A latest report into the adoption of AI in the United Kingdom has revealed that even though a lot of companies are using AI, only a few have integrated the new technology into their manufacturing processes. The study, called The Future Factories was carried out earlier this year in collaboration with design software giant Autodesk. The report warns that the lack of confidence in digital technologies and AI means companies in the UK are at risk of missing out on innovation and productivity gains. It also proposes how government initiatives and regulation can support the adoption of new technologies.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
The report further highlights that manufacturers were mostly using AI to manage their energy usage and reduce waste. It added that some of the manufacturing sectors in which AI was being used were predictive maintenance and supply chain optimization. Per a survey cited in the study, the biggest benefits manufacturers cited were increased efficiency, improved productivity, and automation of routine tasks. The research highlights that the benefits show the importance of lowering the barrier to entry for these technologies and the untapped potential in this field for small manufacturers.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A team of IT experts discussing the latest network security trends over a laptop screen.
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. Networking company Adtran recently announced that it would be partnering with Dell to support the growing artificial intelligence networking needs of the US federal government. The partnership combines Adtran’s optical, packet, and software networking solutions with Dell’s AI-driven infrastructure to accelerate AI deployments across federal agencies.
Overall, DELL ranks 9th on our list of AI news updates investors should not miss. While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
