Dell stock is trading at a reasonable valuation of 15 times this year's earnings estimate. It also offers a dividend yield of 1.5%, reflecting management's confidence in the long-term growth of the business. It seems like a solid buy just based on the AI server opportunity, with a PC recovery adding extra juice to the stock's upside potential.

Known as one of the U.S. government's most important vendors, Palantir Technologies (NASDAQ: PLTR) and its data gathering and analytics solutions have been used for such critical tasks as fighting terrorism and tracking COVID-19 cases.