Observed Signal · May 29, 2026 · Earnings Report · Source: CNBC Technology · Impact: 4/5 · Sentiment: Positive
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.
Dell’s strong earnings and a wave of upcoming reports and a major Nvidia keynote can materially shift market sentiment for AI and data‑center infrastructure companies.
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Key Takeaways & Evidence Grounding
- Jim Cramer said Dell Technologies reported a blockbuster quarter that boosted enthusiasm for AI and data‑center stocks.
- Nvidia CEO Jensen Huang is scheduled to deliver a Computex keynote next week that could affect Nvidia’s outlook.
- Palo Alto Networks, Broadcom and CrowdStrike are scheduled to report earnings next week and were highlighted as key events.
- Other companies reporting next week mentioned by Cramer include Dollar General, Ulta, Medtronic, Ciena and Five Below.
- The U.S. Labor Department monthly jobs report may influence expectations for Fed rate cuts under new Chair Kevin Warsh.
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Cramer: Tech Earnings Week to Test AI-Fueled Rally
CNBC’s Jim Cramer said the market’s recent rally — led by data-center and AI-related stocks — has driven the S&P 500 and Nasdaq Composite to record highs and warned that a packed week of tech earnings will determine whether the surge can continue. He outlined a day-by-day slate of corporate reports (Verizon, Nucor, Corning, Robinhood, Bloom Energy, Starbucks, Microsoft, Amazon, Meta, Alphabet, Eli Lilly, Apple, Sandisk, Western Digital, Chevron and Exxon) and highlighted areas investors should watch, including data-center demand, AI product metrics (e.g., Microsoft’s Copilot), memory shortages benefiting Sandisk/Western Digital, and macro considerations tied to the Federal Reserve. Disclosure: Cramer’s Charitable Trust owns shares in several of the companies named in the piece.
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.
Jim Cramer: AI Data Center Trade Returns
CNBC’s Jim Cramer said the AI data center trade is regaining market leadership after weeks of selling pressure. He cited the forced unwind by leveraged fund Situational Awareness as a catalyst for a recent rally and pointed to several company results and financing moves that restored his confidence: Intel increased a recent stock offering to $20 billion, Super Micro Computer and Lumentum reported better-than-expected results, and neocloud operators Nebius and CoreWeave posted strong quarters. Cramer highlighted CoreWeave’s evidence that older Nvidia GPUs retain value longer than expected and noted Nvidia’s agreements with major asset managers as part of a $500 billion financing push to treat compute as an asset. He also said a benign consumer price index report eased rate concerns that had weighed on growth stocks, collectively supporting renewed momentum in AI infrastructure names.
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