Jim Cramer says Dell’s blowout quarter sets up a crucial week for AI stocks
CNBC’s Jim Cramer says next week could bring significant response for tech stocks after a blockbuster quarter. Dell Technologies has increased the excitement around the data center business.
“I wonder if, looking back, we could say that this was that moment when Dell took over the PC space,” the “Mad Money” host said Friday, calling the company’s recent earnings one of the biggest “booms” he can remember.
Technology has dominated the market this year, especially companies relying on AI infrastructure. But he said a notable delay emerged: Nvidia.
That may start to change next week when CEO Jensen Huang gives a keynote speech at Computex in Taiwan. Cramer said the event has historically been a “major event in the field” for Nvidia and could include new announcements, particularly about PCs. Executives of other major technology players Arm Holders, Marvel Technology, Intel And Qualcomm It will also be at Computex.
Cramer then returned to the next week.
Monday
Apart from Huang’s presentation, Merck It will 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 post rival reports Dollar Tree sent stronger results than expected on Thursday. Cramer expects Dollar General shares to rebound.
After the bell Palo Alto NetworksAccording to a report by CNBC, a holding of Cramer’s Charitable Trust portfolio managed by CNBC Investing Club. While the stock often rallies toward earnings before taking profits, Cramer said rising AI-driven cyber threats could bolster results.
Ulta also reports after a difficult year in which stocks fell sharply Last earnings report of March. Deutsche Bank lowered its price target ahead of results on Friday. “It was a shaky situation,” Cramer warned.
Wednesday
medical device manufacturer Medtronic reports after a challenging period for the broader medtech group. Cramer said he’s not ready to be aggressive on the stock yet until he sees the quarter.
Two shares of stock in Charitable Trust after closing — broadcom And CrowdStrike – report. Cramer says Broadcom “could have a good quarter” even though shares lag some AI chip peers this year. CrowdStrike, meanwhile, has gone “parabolic” and could be in danger of taking profits even if it delivers strong results, according to Cramer.
discount retailer Five Below also reports. Cramer said he likes the stock “a lot here” after it pulled back sharply from its highs.
Thursday
network company Ciena The report comes after a tremendous rise this year, although Cramer said the company’s proprietary technology leaves room for further growth.
Meanwhile, lululemon Facing what Cramer describes as a potential “reset quarter” amid ongoing turmoil, he warns investors against buying stocks ahead of earnings.
Friday
The Labor Department’s monthly employment report closes out the week and could shape rate cut expectations.
“This is a very important number,” Cramer said, because under the new President the Fed “needs to be weak enough to justify a rate cut.” Kevin Warsh.
