Stocks of Dell Technologies, Nokia, Lenovo, Cisco, Micron Technology, Intel, and Texas Instruments have surged in 2026, driven by increased spending on AI infrastructure worldwide [1, 2]. These companies, often referred to as the 'Four Horsemen' of 90s technology alongside the 'Magnificent Seven' cohort, saw strong demand for AI-related products including computer servers, storage components, networking equipment, and legacy semiconductor chips [1, 2].
The surge in share prices reflected the rapid growth in AI-focused computing needs. On average, the seven 90s-era tech stocks gained 158% over the year, adding roughly $1.7 trillion in combined market value by August 2026 [2]. Market analysts attribute this rally to the widespread adoption of AI technologies requiring robust hardware infrastructure.
Dell Technologies and Cisco benefited from increased sales of servers and networking gear, while chipmakers like Intel, Micron Technology, and Texas Instruments saw rising demand for storage components and legacy chips critical for AI systems [1, 2]. Nokia and Lenovo also experienced gains linked to their exposure in networking and computing solutions for AI workloads.
The AI infrastructure buildout has reenergized these established tech firms from the 1990s, positioning them as key beneficiaries of the new technology wave. The market continues to closely watch earnings reports and capital expenditure announcements from these companies for signs of sustained growth.
Investors will monitor quarterly results expected later this year for confirmation of ongoing AI-driven momentum among these stocks [2].
