Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories. On Tuesday’s episode of Mad Money, Jim Cramer addressed some of the complaints his viewers made regarding Dell and other companies whose stocks experienced a massive rally. He stated:
Some of you have complained to me that I’ve kept you out of Sandisk, which is up 570% year-to-date, Micron up 240%, Seagate up 224%, Dell up 221%, and Western Digital up 218%. I don’t know how that’s possible. I’ve liked Micron for ages, and if you asked Michael Dell who’s the most positive person in the media toward his amazing company, I bet he’d say Jim Cramer. So I’m not anti-tech, but I do like diversification. We’ve had some sickening days of late where all these stocks that I just mentioned got clobbered.
Cramer has been a strong proponent of Dell Technologies Inc.’s (NYSE:DELL) stock for a while now. In fact, Cramer showed regret around missing opportunities in the stock over several episodes of Mad Money. He repeated the sentiment during the July 1 episode, as he stated:
Oh, then there’s two that I’m really embarrassed and even mortified to talk about: AMD and Dell. With AMD, the Trust had made a lot of money in this one, and we took the big profit, but I said, don’t worry about it, I’ll get right back in after another run. But the pullback never came, so I missed it.
Dell? I put Dell in the Trust bullpen, saying it should be bought on any dip, but it never dipped. This stock just exploded higher without me. I missed one of the greatest stories ever told, and I’m a four-decade supporter of Michael Dell. What do all these missed winners have in common? I was too skeptical. I was… too wary. I failed to consider where they could go and instead focused on where they had come from.
Photo by Its me Pravin on Unsplash
Why Dell’s AI Story Is Still Gaining Momentum
Cramer’s comments highlight why Dell has become one of the market’s biggest surprises. The company’s trajectory across the 2020s reflects a successful pivot from a collapsing PC market toward enterprise AI infrastructure, and the pivot has shown results. Its stock has gained over 216% this year. Analysts, including Evercore ISI’s Amit Daryanani, are showing greater conviction in the company’s AI infrastructure position. On July 8, the firm raised its price target on the stock from $450 to $500 while maintaining an Outperform rating. The analyst highlighted that customer demand is broadening and noted that resolving supply bottlenecks through better procurement could unlock additional upside.
Furthermore, the company laid out solid guidance during Q1 FY2027 results. It expects full-year revenue to increase 47% year over year at the midpoint of its guidance. As Dell Technologies Inc. (NYSE:DELL) continues to execute on its full-year guidance, which is backed by a 144% projected surge in AI server sales, its ability to streamline component procurement remains the most important variable for maintaining momentum through the remainder of the fiscal year.
Institutional interest in the company has risen recently, as 72 out of 1022 hedge funds tracked by Insider Monkey had a stake worth $1.67 billion as of the first quarter of 2026, compared to 65 in the prior quarter with a stake worth nearly $1.3 billion. John Overdeck and David Siegel’s Two Sigma Advisors held the top equity position, which had increased by a massive 740% in Q1 2026.
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