New Delhi, May 30 -- Unforeseen things have been happening in US markets, and some stocks have captured investors' attention quite like Dell Technologies. In a matter of weeks, the computer maker has gone from being a beneficiary of the artificial intelligence boom to becoming one of Wall Street's biggest success stories of the year.

Dell's stock has surged dramatically, climbing around 80% since May 8 and adding roughly $120 billion in market value. Just in the last 1 month, the tech stock has risen as much as 101% following a powerful combination of AI-driven growth, government business and strong investor enthusiasm.

The rally gained momentum after a series of high-profile developments, including public praise from US President Donal...