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

My top 10 things to watch Monday, June 1 1. Nvidia unveiled its first-ever PC processor at Computex, working closely with fellow Club name Microsoft . The chip uses the power-efficient Arm instruction set, taking aim at the x86 kingdom dominated by Intel and AMD . Those don't cut it anymore for the agentic AI PCs that Nvidia is building. Too slow and too hot. Intel and AMD shares are lower this morning. Nvidia is up 2%. 2. One of Nvidia CEO Jensen Huang's big themes at his Computex keynote: compute is revenue in the AI era. He took a shot at custom data center chips from the likes of Google and Amazon , saying, "choosing the wrong architecture just because the chips are cheaper doesn't translate." It's all about how many profitable tokens your data center can generate per watt of power. 3. Club name Arm is a big winner from Nvidia's PC pursuit and its success in the data center because Nvidia licenses Arm's intellectual property for its CPUs. Arm collects royalties per chip. No wonder Arm's stock is flying in the premarket, up 11%. It's already tripled this year. Mizuho and Wells Fargo raised their price targets this morning to $425 and $410, respectively. 4. Goldman Sachs upped its PT on Dell to $500 from $230. Kept its buy rating on the stock after Dell's monster quarter Thursday night. Morgan Stanley upgraded Dell to hold from sell, acknowledging that its concerns about the memory shortage were wrong, as Dell is navigating the supply chain better than its peers. …