Jim Cramer's top 10 things to watch in the stock market Thursday

My top 10 things to watch Thursday, May 14 1. We're set for a higher open this morning, with the Dow primed to open back above 50,000. So far, the headlines out of President Donald Trump and Chinese President Xi Jinping's summit are mostly positive on Iran, the Strait of Hormuz and economic cooperation. Taiwan still a sticking point. 2. Biggest IPO so far in 2026 today: Cerebras Systems, which raised $5.5 billion . Maker of artificial intelligence chips. Unique engineering. Yes, Cerebras is a competitor to Club name Nvidia but it's mostly focused on the ultra-fast processing of daily AI workloads called inference. OpenAI has committed to buy capacity from Cerebras. Everyone needs all the compute they can get. 3. Cisco is the latest to deliver a blowout quarter thanks to strength in the data center, sending shares up almost 15% premarket. Massive orders from hyperscalers for its networking gear. What's changed on AI spending? Nothing. The positives dramatically outweigh any negatives. It's hard to justify not owning data center stocks right now. This isn't 2000. Can the theme be stopped? 4. Dell's price target at Citi was hiked to $290 from $235 ahead of its earnings report May 28. Dell is yet another big AI winner and my preferred name among the server makers. Soaring memory costs are something to watch, but Citi said Dell's scale and pricing agility are big advantages. Demand is also broadening outside of the hyperscalers. 5. Big price target boost for Club name Broadcom . …