Jim Cramer says Dell’s blowout quarter sets up a crucial week for AI stocks

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Jim Cramer says Dell’s blowout quarter sets up a crucial week for AI stocks

CNBC's Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade . …

CNBC's Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade . "When we look back, I wonder if we'll say this was that moment when Dell simply took over the computer space" the " Mad Money " host said Friday, calling the company's latest earnings one of the biggest "blowouts" he can recall. Tech has dominated the market this year, particularly companies tied to artificial intelligence infrastructure. But he said that one notable laggard has emerged: Nvidia . That could begin to change next week when CEO Jensen Huang delivers a keynote at Computex in Taiwan. Cramer said the event has historically been a "stake in the ground moment" for Nvidia and could include new announcements, particularly about PCs. Executives from other key tech players such as Arm Holdings , Marvell Technology , Intel and Qualcomm will also be at Computex. Cramer then turned to the week ahead. Monday Other than Huang's presentation, Merck is set to host a meeting reviewing its cancer portfolio following the annual ASCO conference, offering investors a closer look at the drugmaker's pipeline. Tuesday Dollar General reports after rival Dollar Tree posted stronger-than-expected results on Thursday. Cramer expects Dollar General shares could rebound. …

Original source: CNBC Top News

Mentioned

Arm Holdings · Jensen Huang · Deutsche Bank · Federal Reserve · Dell Technologies · Palo Alto Networks