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Jim Cramer: Dell’s strong earnings again validate AI demand, and NVIDIA remains the best pick in the AI sector
BlockBeats News, May 30 — Former hedge fund manager and CNBC program host Jim Cramer stated that Dell's latest earnings report once again confirms his bullish outlook on Nvidia. Driven by strong demand for AI servers and data center infrastructure, Dell's stock surged 30% on Friday, potentially setting a record for the best single-day performance. Cramer believes that Nvidia, as a key partner in Dell's AI systems, is the most worthwhile target to buy in the current wave of AI infrastructure development.
Cramer said: "This is the stock you should buy." He believes Nvidia remains the best choice to participate in AI development and expects that during next week's Computex Taipei International Computer Show, industry executives like Jensen Huang will further signal the demand for the next generation of AI.