Dell Technologies Inc. (NYSE: DELL) is highlighted as a top AI stock by Piper Sandler, with an “Overweight” rating and $172 price target. The firm sees strong opportunities for Dell in enterprise data center refresh, AI infrastructure buildout, and Windows 10 end-of-life. Dell’s server business is 45% AI-related.

Despite growth potential, Dell faces challenges from the shift to cloud computing and potential market share losses in PCs. Piper Sandler analysts believe Dell will benefit from upcoming enterprise data center refreshes and AI infrastructure buildouts, as well as the need for Windows 10 upgrades. Approximately 50% of units still require refreshment. Dell is viewed as a significant AI beneficiary, with its server business heavily involved in AI.

Dell Technologies Inc. (NYSE: DELL) offers IT solutions globally, including servers, storage, networking, and personal computing devices. Piper Sandler analysts believe Dell will benefit from a strong enterprise data center refresh cycle in 2026, AI infrastructure expansion, and Windows 10 end-of-life upgrades. However, Dell faces challenges from the shift to cloud computing and potential market share losses in PCs.

Read more at Yahoo Finance: Dell Technologies (DELL) Could Benefit From 2026 Data Center Refresh, Says Piper Sandler