Analyst Says Dell (DELL) is a Cheap AI Stock Amid Major ‘Disruption’ – ‘I’m Not Kidding’

We recently published 10 Buzzing News to Watch as Investors Look for Best AI Stocks Amid Fed Rate Cuts. Dell Technologies Inc is one of the best AI stocks amid Fed rate cuts.

Ben Reitzes, Melius Research’s head of technology research, said in a recent program on CNBC that Dell is a cheap stock.

“Dell Technologies Inc has a role as enterprises pick up AI and need to make use of their data on-prem. Plus, Dell’s a cheap stock, and Michael’s been on this. He’s got a cheap stock, he’s buying back stock. I mean, we only went to a 15 multiple. These guys used to get a 30 multiple back in the day. There’s a shot that a lot of these hardware companies get over a market multiple or better, and the SaaS companies become the old hardware and go to single-digit multiples. I’m not kidding. I mean, that’s how much disruption there is.”

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This article is originally published at Insider Monkey.