Observed Signal · May 29, 2026 · Earnings Report · Source: CNBC Technology · Impact: 4/5 · Sentiment: Positive
Cramer: Nvidia Wins from Dell's Strong Quarter
Jim Cramer said Nvidia is a clear beneficiary of Dell Technologies' unexpectedly strong quarterly results, which sent Dell shares up about 30% as demand for AI servers and data-center infrastructure accelerated. In a CNBC Investing Club morning meeting recap, Cramer called Nvidia the best way to play the AI buildout and noted upcoming updates at Computex where Nvidia CEO Jensen Huang and others may comment on next-generation AI demand. The piece also notes Costco shares fell after softer membership growth, and that cybersecurity names CrowdStrike and Palo Alto Networks are scheduled to report earnings next week.
Dell’s strong quarterly results signal accelerating demand for AI servers and data-center infrastructure, which materially benefits semiconductor and AI infrastructure suppliers like Nvidia and affects investment and supply-chain decisions across the tech industry.
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Key Takeaways & Evidence Grounding
- Dell Technologies shares surged about 30% after reporting a strong quarter driven by demand for AI servers and data-center infrastructure.
- Jim Cramer said Nvidia is a clear winner from Dell's quarter and called Nvidia the best way to play the AI buildout.
- Nvidia CEO Jensen Huang is expected to provide updates on next-generation AI demand at the upcoming Computex conference.
- Costco's stock fell 4.5% after reporting softer-than-expected membership growth; CrowdStrike and Palo Alto Networks are scheduled to report earnings next week.
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Cramer: Nvidia 'All-Important' to the AI Trade
Jim Cramer said Nvidia has become central to the artificial intelligence boom, arguing the chipmaker's upcoming earnings will act as a referendum on the entire AI trade. Cramer remains bullish on Nvidia despite concerns about competition, political opposition to data-center construction, shortages of high-bandwidth memory that are costing sales, and U.S. export restrictions limiting advanced chip sales to China. He also pushed back on criticism of Nvidia's investments across the AI ecosystem, saying they help strengthen the broader market and maintain its leadership. Nvidia is scheduled to report earnings Wednesday after the bell; Cramer warned that broader concerns could overshadow even a strong quarter. The article notes Cramer’s Charitable Trust owns Nvidia shares.
Cramer: Nvidia, Salesforce Earnings Upend Bear Narratives
Jim Cramer said strong quarterly results from Nvidia and Salesforce shattered two major bearish narratives that had pressured their stocks. Salesforce reported its strongest sales growth in four years, with year‑over‑year seat gains across sales, service and Slack and AI‑bundle bookings more than doubling, undermining fears that AI would obsolete traditional software subscriptions. Nvidia delivered results and guidance that challenged concerns about slowing hyperscaler demand and competition: management signaled roughly 70% revenue growth for fiscal 2028, and CEO Jensen Huang said older infrastructure remains productive. Amazon Web Services committed to buying 2 million Nvidia GPUs (and potentially millions of new Vera CPUs), underscoring sustained demand for Nvidia’s chips, Cramer said.
Dell's Blowout Quarter Sets Crucial Week for AI Stocks
CNBC’s Jim Cramer said Dell Technologies’ blockbuster quarter has reignited enthusiasm for AI and data‑center related stocks and sets up a pivotal week for technology names. He highlighted Nvidia as a laggard that could move following CEO Jensen Huang’s Computex keynote, and flagged upcoming earnings from major enterprise and semiconductor companies — including Palo Alto Networks, Broadcom and CrowdStrike — as potential catalysts. Cramer also listed other scheduled reports (Dollar General, Ulta, Medtronic, Ciena, Five Below) and warned Lululemon may face a “reset” quarter. The week closes with the U.S. jobs report, which Cramer said could affect expectations for Federal Reserve rate cuts under new Chair Kevin Warsh.
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