We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks. Dell Technologies Inc. (NYSE:DELL) is one of the stocks discussed by Jim Cramer.
Computer hardware firm Dell Technologies Inc. (NYSE:DELL) was in the news earlier this week after its latest financial results saw the firm post meteoric revenue and net income growth. Its shares are up by an unbelievable 101% over the past month and closed 32% higher on Friday. Ahead of the earnings, several analysts were optimistic about Dell Technologies Inc. (NYSE:DELL). Bank of America raised the share price target to $246 from 205 and kept a Buy rating on the shares. The bank discussed the impact of the growth in agentic AI and its impact on server companies. Evercore ISI hiked Dell Technologies Inc. (NYSE:DELL)’s share price target to $240 from $205 and remarked that the firm appeared to be benefiting from long-term enterprise AI commitment. Cramer discussed Dell Technologies Inc. (NYSE:DELL)’s results in detail after the earnings and praised the conference call. He also commented on CEO Michael Dell’s share buybacks and overall charitable nature:
“Yeah, I mean look, people didn’t see this coming. Which is hard to believe because Michael’s been saying things are good. . .but what happened is this that, there were people who were so off the market. Some of them, 165, that take it to 500 dollars. Some people thought that they were going to have problems, still, with memory. Don’t realize that they have great supply chain. I’ve got to tell you, David, this is really interesting. You know that it’s not Michael on the conference call, it’s Jeff Clarke. And Jeff always does it. And Jeff plays it straight. So you’re listening and you’re taking down the numbers and you’re realizing, no it’s not possible. As opposed to, we had the greatest quarter. He doesn’t do that.
“If you want to read a conference call that explains how you should talk about business, then you should be on Dell. Because I think Dell, they spread the love. It’s obvious that you can buy Arm, AMD, Intel, Micron, mostly, it’s a lot of data center, of course, NVIDIA is the reason a lot of things are working for them. Particularly they have Vera Rubin, the next generation. And they could have actually said, something that was, we’re taking a lot of share from Super Micro. They didn’t say that. Of course Super Micro is now up. . .things are so strong for everybody.
“One thing that’s different about Dell is. If you take a look, Dell has bought back, Michael bought back a huge number of shares. In particular because when I saw him in GTC two years ago, that’s the NVIDIA trade show, he was saying listen Jim, if my stock stays right here. . .I’m gonna just go buy it all. And don’t forget I took it private one time when it wasn’t valued correctly. And well, I guess it wasn’t valued correctly and he bought a huge, I don’t know if you’ve seen the sheer number of what he bought.
“I wish everyone knew him. Cause he’s, Carl he’s not, you know, the Fitzgerald, the rich are not like you and me, no, it’s different. He is.”
Photo from Dell website
However, in a tweet, the CNBC TV host regretted not being optimistic about Dell Technologies Inc. (NYSE:DELL) earlier:
“Furious that I missed Dell, grateful that i emphasized how i think the world of Dell at the top of the CNBC Investing Club meeting. I hate shilling for anything but jeez the Investing Club is a bargain. And a signed book, too!! Give it a shot!”
While we acknowledge the risk and potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL and that has 10,000% upside potential, check out our report about the cheapest AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
Hedge Fund Resource Center