I Like Dell Technologies Inc. (DELL) Off Of NVIDIA's Earnings, Says Jim Cramer

We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Dell Technologies Inc. (NYSE:DELL) is one of the stocks Jim Cramer recently discussed.

Dell Technologies Inc. (NYSE:DELL)’s shares have gained a modest 4% year-to-date after suffering several major drops. One of these came in February as the firm’s fourth-quarter revenue and earnings miss led to a 17% share price drop. Another was in April when the Liberation Day market bloodbath saw the stock crash by 25%. Dell Technologies Inc. (NYSE:DELL)’s shares dropped by 9% on Friday as the firm’s third-quarter revenue created doubts in investors’ minds about AI demand. Cramer commented on the firm in the context of bullishness surrounding CoreWeave following NVIDIA’s fiscal second quarter earnings:

“You know that I wasn’t wrong about CoreWeave. But I will say that I like Dell off of it.”

Earlier this month, Cramer maintained that Dell Technologies Inc. (NYSE:DELL) was a buy:

“Dell’s a buy. Dell’s a buy, and I keep hoping like maybe we get a bad CPI number, I mean, come in and buy, and I can recommend this thing hard. It hasn’t had a break. You should see all the stock that Michael Dell bought back during the downturn. Remember, we came out very strong in the 90s and a 100 and said, when it was there, we had total conviction that Michael was the real deal and he’s always been the real deal. I want to wait for a price break. I think you can get one before the quarter is reported… in August. But I will tell you, the more I do work on Dell, the more I realize he is every bit as great as he always has been. And anytime it goes down, you just buy, buy, buy.”

While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.