Shares of Dell Technologies (DELL) has more than quadrupled since the start of 2026 and the P/E still look reasonably cheap for the tech sector, says Ryan Kelly. He believes the company will remain in the center of the AI data center buildout despite risks of taking on lower margin endeavors to take market share from HPE (HPE). However, elevated memory chip prices are something Ryan sees as a lasting overhang for ell's growth.