10 AI Stocks Jim Cramer and Analysts are Watching

4. Dell Technologies Inc. (NYSE:DELL)

Average Upside Potential: 20.11%

Number of Hedge Fund Holders: 63

Dell Technologies Inc. (NYSE:DELL) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On May 30, TD Cowen analyst Krish Sankar raised the price target on DELL stock to $125 from $120 and maintained a Hold rating. In the firm’s view, more than $12 billion in AI server orders during the April quarter and expected AI-related shipments of approximately $7 billion in the July quarter were key positives in the first fiscal quarter. The firm noted that macroeconomic conditions may slightly affect traditional server and consumer demand. Tariffs and commodity prices were identified as inflationary pressures.

On the same day, Morgan Stanley raised its price target on DELL to $135 from $126 and reaffirmed an Overweight rating. The analyst described fiscal Q1 results as mixed but noted that momentum may increase through the remainder of the year. The firm raised its fiscal year 2026 EPS estimate by 3 percent, reflecting stronger Q2 guidance and an improved second-half outlook driven by continued AI server momentum.

On June 9, Cramer mentioned the company as he commented:

“So traders say if I can’t make money after Broadcom reporting a great quarter, the playbook says time to move into the lower quality, cheaper stocks that are less likely to disappoint or should never have been down to begin with. I understand the sentiment, but the problem is that these stocks have already rallied pretty hard, too. Take Dell. It reported an excellent quarter on May 29th… Stock initially failed to rally, but that’s because it had run up into the quarter…

Now, this kind of rotation could be a good one. The stocks that are rallying are excellent. They may be just playing catch-up. It’s a heavily broadening out of the winners, right? Remember when it was just the Mag Seven? We’ve come a long distance, but what comes after this could be treacherous. I’ve seen the end of rallies, and they often take up the laggards last. After it happens, if we have good news, everything’s fine. However, if there’s any degradation in the numbers, it could get very ugly. Right now we’re fine. I think Dell’s incredibly cheap versus last quarter. The stock can go up 10 points before I would even think about worrying about it.”

Dell Technologies (NYSE:DELL) delivers integrated technology solutions that include storage systems, servers, networking products, laptops, and peripherals. The company also provides software, consulting, financing, and support services for businesses, institutions, and individual consumers across various industries.