1. Dell Technologies Inc. (NYSE:DELL)
Dell Technologies Inc. (NYSE:DELL) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. Cramer noted the stock’s massive rally, as he commented:
When we look back, I wonder if we’ll say this was that moment when Dell simply took over the hardware computer space with one of the biggest blowouts I can ever recall… Dell with a 102 point gain or 32% in one session defined today… Dell’s quarter was a true surprise, and Michael Dell should be very proud. But there’s one great tech quarter after another in May that we saw great results and nearly all of them were connected to the same thing, the data center, in some way, shape, or form… At Dell, they saw incredible strength across all their businesses.
Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories. During the May 27 episode, Cramer showed regret over not buying the stock at a lower price, as he said:
There are so many stories like this. I just wish I had realized that you needed to forget where it was and focus on where it’s going to go. I mean, for example, okay, I sat down with Michael Dell at the same NVIDIA GTC conference that I met with Arm’s Haas. Michael told us a totally… I mean, it was like an amazing story, like I couldn’t believe it. Like I was like saying, you mean this? You mean this? I mean, it was downright unbeatable, right there, on the tape. Stock, $156, oh, I was furious at myself though. I’d actually told club members that we were going to buy this one. Did I? No. Why? Because the stock had been at $117. I had missed it. What was I supposed to do? Come on top of an almost 40-point gain? I’m not an idiot. In retrospect, I was an idiot. I should have bought it because now it’s at $305.
While we acknowledge the potential of DELL to grow, 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 AI stock that is more promising than DELL and that has 100x upside potential, check out our report about the cheapest AI stock.
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