5 AI Stocks That Are Surging

4. Dell Technologies Inc. (NYSE:DELL)

One-month stock performance: 30.84%

On June 11, Dell Technologies Inc. (NYSE:DELL), along with its affiliates Dell International L.L.C. and EMC Corporation, announced plans to issue $3 billion in senior unsecured notes. The offering consists of three tranches maturing in 2031, 2034, and 2037, carrying interest rates of 4.750%, 5.000%, and 5.250%, respectively. The notes are jointly guaranteed by Dell Technologies, Dell Inc., and Denali Intermediate Inc. and were priced slightly below face value. The company plans to use the proceeds for general corporate purposes, including the possible repayment of existing debt. This supports its ongoing balance sheet and capital structure management.

Earlier, on June 9, Goldman Sachs raised its long-term outlook for both the AI and traditional server markets, citing continued strong demand for artificial intelligence. The firm now expects the AI server market to reach $1.24 trillion by 2030, up from its previous forecast of $961 billion. The revised outlook came after HP Enterprise (NYSE:HPE) and Dell Technologies Inc. (NYSE:DELL) reported solid quarterly results and increased their guidance. DELL gained market share in both the AI and traditional server markets, driven by the neo-cloud providers and enterprise customers.

Dell Technologies Inc. (NYSE:DELL) is a global technology company that develops and sells laptops, personal computers, networking equipment, servers, data storage systems, and related software and services. The company operates through the Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG) segments.