5 Best Performing Stocks in May

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​1. Dell Technologies Inc. (NYSE:DELL)

Performance in May 2026: 121.71%

Number of Hedge Fund Holders: 72

Dell Technologies Inc. (NYSE:DELL) is one of the Best Performing Stocks in May. Recently, on June 1, Mizuho raised the price target on Dell Technologies Inc. (NYSE:DELL) from $435 to $500 and maintained an Outperform rating. The rating comes after the stock has already posted strong gains of more than 121% in May 2026.

Mizuho noted the increase in price target to be part of a broader upgrade across the semiconductor and server ecosystem. The firm’s core thesis is that agentic AI is driving strong and accelerating demand for CPUs and servers. The firm noted that suppliers remain supply-constrained into 2027, which is a meaningful upside for Dell’s server business as customers struggle to source enough hardware.

​Mizuho has also flagged some potential risks for the second half of 2026, noting that tight memory and CPU supply could act as a ceiling on how much upside Dell can capture, even as underlying demand remains robust.

​Overall, the Street remains bullish on the stock as analysts’ average 12-month price target suggests more than 18% upside from the current level.

​Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports integrated technology solutions, products, and services internationally.

While we acknowledge the potential of DELL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DELL and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 9 Most Undervalued Foreign Stocks to Buy Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

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