We recently compiled a list of the 12 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against the other trending AI stocks.
AI companies in Europe are competing with American counterparts for a larger slice of the AI cake in Asia and the Middle East. For example, French AI firm LightOn recently revealed plans to expand in the Middle East, targeting sectors such as banking, defense, and high-tech which require their data to be protected on local servers. According to a report by news agency Reuters, Laurent Daudet, the CEO of the firm, noted that banking, insurance, high-tech, defense, and healthcare were prime targets for the custom AI models from LightOn.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
The report further highlights that Saudi Arabia, the United Arab Emirates and neighbouring countries were among those being looked at by LightOn. The AI firms just recently debuted on the stock market, becoming the first listed genAI company on the Euronext Growth exchange. The demand for LightOn products is growing. Per Orange AI Chief Steve Jarrett, customers want a French-trusted AI solution.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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Number of Hedge Fund Holders: 60
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services. Vivek Mohindra, the senior vice president of corporate strategy at Dell, recently appeared on the CXO Spice podcast. During his interview, Mohindra highlighted the key partnerships with Intel that were helping his firm get ahead in the AI race. The executive referenced Dell’s PowerEdge XE9680 Rack Server as the mainstay of the industry, and highlighted that it included Intel Gaudi 3 and executed all kinds of workloads for AI, GenAI, large language models, and deep learning.