They were all-stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell, Nokia and Lenovo are back with a vengeance thanks to the unrelenting artificial intelligence spending boom.
A rush to build out AI infrastructure has led to soaring demand for everything from computer servers to storage components, networking gear and even legacy chips. That¡¯s resulted in a frenetic rally in stocks around the world with any sort of exposure to those areas. The latest surge has swept up iconic tech names from the 1990s, including many of the so-called ¡°Four Horsemen¡± ¡ª a group considered the equivalent of the Magnificent Seven cohort during that era.
In addition to Dell, Nokia and Lenovo, high fliers from the dot-com days that have caught fire again this year include Micron Technology Inc., Intel Corp., Texas Instruments Inc. and Cisco Systems Inc. In total, the seven stocks have soared an average of 158% in 2026, adding a combined $1.7 trillion in market value.
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