Jim Cramer says Dell’s blowout quarter sets up a crucial week for AI stocks
Jim Cramer highlighted Dell Technologies' impressive quarterly performance as a pivotal moment for technology stocks, particularly in the AI sector. He noted that while tech has thrived this year, Nvidia has lagged behind but may see a turnaround next week at Computex. The event is expected to feature significant announcements from Nvidia and other major tech companies.
- ▪Dell Technologies reported a blockbuster quarter, boosting enthusiasm for the data center trade.
- ▪Jim Cramer referred to Dell's earnings as one of the biggest 'blowouts' he can recall.
- ▪Nvidia, a notable laggard in the tech sector, may see changes during CEO Jensen Huang's keynote at Computex.
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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.
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