Dell Technologies Inc. shares are expected to benefit from the booming artificial intelligence (AI) industry, similar to Nvidia Corp. The company's success in the AI sector is likely to be reinforced when it reports its first-quarter results, potentially driving the stock to new heights. Dell's recently unveiled line of AI-optimized PCs has generated excitement among investors, as it could lead to a much-anticipated upgrade cycle from customers and businesses. Additionally, the company's high-powered servers have been praised by Nvidia CEO Jensen Huang for their ability to build large-scale systems for enterprises.

Despite its strong performance, Dell remains an under-owned and underweighted stock, and its potential inclusion in the S&P 500 could be a catalyst for further growth. Analysts are bullish on the stock, with over 80% of firms recommending buying the shares. Dell's shares trade at a discount compared to other AI players, but its multiple is at a record level. However, there is still a risk that a macro downturn could slow down its growth. Overall, Dell's position in the AI ecosystem is gaining recognition, and it has the potential to deliver strong performance in the coming years.