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 (NYSE:DELL) 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 (NYSE:DELL) 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.”

While we acknowledge the potential of DELL as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.