11 Most Undervalued AI Stocks to Buy Now

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4. Dell Technologies Inc. (NYSE:DELL)

With significant analyst and hedge fund sentiment, alongside a low forward price-to-earnings (PE) ratio, Dell Technologies Inc. (NYSE:DELL) secures a spot on our list of the most undervalued AI stocks to buy now.

With memory costs rising to record highs, analysts remain mixed on Dell Technologies Inc. (NYSE:DELL). Yet BofA remains confident that the company’s supply chain discipline and structural cost controls may help it sail more smoothly than its competitors.

Shedding light on the upcoming fourth-quarter earnings release on February 26, 2026, analysts at BofA expect the quarter to reflect a strong performance apart from rising costs. After incorporating the uncertainty tied to the future trajectory of costs, the firm adjusted its target, revising it downward from $150 to $135. In the stock’s valuation model, the firm reduced its FY27 EPS estimate by $0.86 to $10.00.

As of February 23, 2026, BofA keeps a ‘Buy’ rating on Dell Technologies Inc. (NYSE:DELL). The firm remains constructive on the stock as the company tackles memory headwinds.

In response, Dell Technologies Inc. (NYSE:DELL) is engaging China’s ChangXin Memory Technologies to test and approve DRAM chips, as reported by Nikkei Asia on February 4, 2026. Amid a global shortage, market observers are projecting memory prices to remain at elevated levels this year. At a time like this, Dell Technologies Inc. (NYSE:DELL)’s move to diversify its suppliers becomes critical amid its push to ease near-term margin pressure.

Dell Technologies Inc. (NYSE:DELL) focuses on delivering end-to-end IT infrastructure, alongside client computing solutions. The company serves both enterprise and consumer markets worldwide.

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