We recently compiled a list 12 AI stock trends in the latest news and ratings. In this article, we take a look at where Dell Technologies Inc. stands. (NYSE:DELL) versus other trending AI stocks.
AI companies in Europe are competing with their American counterparts for a bigger piece of the AI pie 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 that require their data to be protected on local servers. According to a Reuters news agency report, Laurent Daudet, the firm’s CEO, noted that banking, insurance, high-tech, defense and healthcare were prime targets for LightOn’s custom AI models.
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The report further highlights that Saudi Arabia, the United Arab Emirates and neighboring countries were among those LightOn was targeting. AI companies 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. According to Orange AI boss Steve Jarrett, customers want an AI solution that is trusted in France.
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We selected AI stocks for this article 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 are piling into? The reason is simple: our research has shown that we can beat the market by mimicking the best stocks from the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A team of IT experts discuss the latest trends in network security through a laptop screen.
Number of hedge fund holders: 60
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells and supports a variety of end-to-end and integrated solutions, products and services. Vivek Mohindra, senior vice president of corporate strategy at Dell, recently appeared on the CXO Spice podcast. During the interview, Mohindra highlighted the key partnerships with Intel that have helped his company get ahead in the AI race. The executive said that Dell’s PowerEdge XE9680 Rack server is the industry standard, noting that it includes Intel Gaudi 3 and runs all kinds of workloads for AI, GenAI, large language models and deep learning.