Dell Technologies Inc. (NYSE:DELL) is one of the S&P 500 stocks that Jim Cramer shared his take on. Cramer showed optimistic sentiment toward the company’s stock, as he remarked:
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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Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories.
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