Jim Cramer on Dell Technologies: “I Call It the Customer’s Most Sought-After Technology and One of the Most Undervalued Stocks in the Market”

Dell Technologies Inc. (NYSE:DELL) is one of Jim Cramer’s latest stock calls as he shared how to navigate Wednesday’s tough tape. Cramer showed positive sentiment toward the stock during the episode, as he remarked:

So I scanned the field for winners. I think Dell’s worth buying. This is the company that enterprises are using to connect with NVIDIA. I call it the customer’s most sought-after technology and one of the most undervalued stocks in the market. I reiterated Dell as a bullpen stock for the club in today’s morning meeting, but only if it retreats a bit from these levels.

Photo by Its me Pravin on Unsplash

Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories. Cramer mentioned the company during the March 2 episode and commented:

Next up… was another data center play with a fantastic bang-up quarter last week, Dell Technologies, up 29.4%. Now, this stock had been steadily sinking lower throughout the last fall and into the new year as Wall Street thought they’d be crushed by skyrocketing memory and data storage costs. But last week, Dell shocked Wall Street with a huge fourth quarter beat driven by strong AI product sales and far better than expected margins because they were able to pass on their own cost increases to their customer base. Dell’s got a huge backlog, and they have a very bullish outlook for the full year. It was a great conference call, which is why the stock soared nearly 22% on Friday alone. Very confident.

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