Top 20 Trending AI News And Analyst Ratings

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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. Latest SEC filings reveal that Michael Dell, the CEO and founder of the firm, has filed to sell 10 million company shares for $1.24 billion. The shares are being sold for $122.40 each. The CEO had already sold around 10 million shares of the company in June. The latest disclosure brings his year-to-date stock sale total to more than $2 billion. Even after selling these, he still holds close to 17 million shares and another 1.38 million in a separate property trust. As the AI boom takes off, Dell shares have climbed more than 55% year-to-date.

Deutsche Bank recently resumed coverage of Dell Technologies Inc. (NYSE:DELL) stock with a Buy rating and $144 price target. The advisory expects Dell’s sales growth to accelerate into the double-digits over the next several quarters as the company benefits from a confluence of tailwinds across key segments where it is a share leader. This includes, per the advisory, ongoing momentum in artificial intelligence servers alongside a recovery in traditional servers and storage.

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