12 AI Stocks on Analysts’ Radar

10. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 63

Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide. On May 21, Evercore ISI analyst Amit Daryanani reiterated an “Outperform” rating and $120.00 price target on the stock. The rating update follows Day 2 of Dell World, Dell’s major technology conference happening May 19-22 in Las Vegas. Featuring a keynote presentation by Dell’s Chief Operating Officer Jeffrey Clarke, Day 2 highlighted the importance of enterprise AI adoption and the role of Dell’s products and services in developing AI strategies for customers.

Clarke stressed how enterprises don’t need to use the latest GPUs or models to embark on AI adoption, stressing a tailored approach to AI strategies instead. The company also announced all-flash storage offerings and the Dell Private Cloud software automation, amongst other things. However, the focal point of the conversation was simple: the need for early enterprise AI adoption and the role that Dell can play in assisting customers in starting their AI journeys. All of these factors reaffirm Evercore ISI’s confidence in the company’s direction and potential for growth.