Amid renewed selling pressure today, the All Ordinaries Index (ASX: XAO) is down 1.7% in 12 months, but don't blame these two surging ASX All Ords tech stocks.
The outperforming ASX tech shares in question are audio visual, electrical and communication products and services company SKS Technologies Group Ltd (ASX: SKS), and wholesale computer hardware and software distributor Dicker Data Ltd (ASX: DDR).
During the Thursday lunch hour, Dicker Data shares are changing hands for $13.96 apiece, up 40.5% since this time last year.
SKS Technologies shares have performed even better. Currently trading for $7.89 a share, the ASX All Ords tech stock has rocketed 155.3% in 12 months.
To highlight the strength of this performance, the S&P/ASX All Technology Index (ASX: XTX) has tumbled 34.0% over this same period.
As you're likely aware, a lot of tech companies have come under pressure amid concerns that artificial intelligence could replace the services they offer at far cheaper prices. But Vestra Capital's Mark Elzayed forecasts that the AI revolution will actually provide ongoing tailwinds for both SKS and Dicker Data shares (courtesy of The Bull).
Here's why.
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ASX All Ords tech stock tapping into data centre boom
"SKS Technologies has established a significant market footprint in electrical, fibre optic and audiovisual integration for major data centre projects," said Elzayed, who has a buy recommendation on the ASX All Ords tech stock.
Commenting on SKS Technologies FY 2026 results, he noted:
The company generated revenue of $347.93 million in full year 2026, up 33 per cent on the prior corresponding period. Net profit after tax of $27.11 million surged 93.2 per cent. Data centre revenue of $207.7 million was up 47.6 per cent year on year. The balance sheet is also stronger, with cash from operations increasing 30.5 per cent.
Summarising his buy recommendation on SKS, Elzayed concluded:
The primary catalyst for SKS is its accelerating work on hand and structural exposure to Australia's expanding data centre market. In my view, SKS represents a high conviction growth opportunity, supported by strong demand visibility and a substantial project pipeline.
Which brings us to the second outperforming ASX tech share you may wish to buy today.
Dicker Data shares increasing AI exposure
"This technology company distributes hardware and software solutions," he said of Dicker Data. "It benefits from enterprise spending on AI capable servers, network upgrades and end point security hardware."
Commenting on Dicker Data's H1 2026 results, he added:
It generated gross revenue of $2.1 billion in the first half of 2026, up 14.2 per cent on the prior corresponding period. Net profit after tax of $60.7 million was up 54.1 per cent. Management has upgraded full year gross revenue guidance to between $4.3 billion and $4.4 billion, alongside profit before tax guidance of between $162 million and $165 million.
Summarising his buy recommendation on the ASX All Ords tech stock, Elzayed concluded, "Double digit top line momentum, an appealing dividend yield and increasing exposure to AI infrastructure spending provides a bright outlook, in my view."
