5 Stocks With Explosive Returns

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1. Dell Technologies Inc. (NYSE:DELL)

Dell Technologies extended its winning streak to a 7th straight session on Friday to climb to a new all-time high, as investors gobbled up shares after the company clinched a new $10-billion contract with the US government and posted a strong earnings performance in the first quarter of fiscal year 2027.

In intra-day trading, the stock climbed to its highest price of $429.15 before paring gains to finish the session just up by 32.76 percent at $420.91 apiece.

The Department of Defense announced on Wednesday that it awarded Dell Technologies Inc. (NYSE:DELL) a five-year contract to deliver a suite of software to the US military, including Microsoft 365, advanced cloud subscriptions, and on-premises licensing capabilities.

The company bested other competitors under a competitive selection process.

Dell Technologies Inc. (NYSE:DELL) is a major buyer of Windows PC licenses and maintains a long-term partnership with Microsoft.

The Pentagon said that the agreement is expected to save the agency $422 million annually by consolidating existing IT budgets into a single, efficient vehicle.

In other news, Dell Technologies Inc. (NYSE:DELL) posted a strong earnings performance in the first quarter of the year, with net income soaring by 256 percent to $3.4 billion from only $965 million in the same period last year. Net revenues increased by 88 percent to $43.8 billion from $23.4 billion year-on-year.

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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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