Dell Surges 30% After AI Quarter as Cramer Backs Nvidia

4 articles · Updated · CNBC · May 29

Dell shares jumped 30% Friday after the company posted another strong quarter driven by AI server and data-center demand, setting up what would be its best day ever.
That rally led Jim Cramer to call Nvidia "the one to buy," arguing Dell's results validate Nvidia's central role in the AI infrastructure buildout through its partnership with server makers and hyperscalers.
Next week's Computex conference could add another read on demand, with Nvidia CEO Jensen Huang and other industry leaders expected to discuss next-generation AI products.
Elsewhere in Cramer's club portfolio, Costco fell 4.5% on weak membership growth, while he said CrowdStrike and Palo Alto remain long-term cybersecurity winners despite rich valuations ahead of earnings.

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