Jim Cramer Calls The Bottom On Dell Technologies Stock, Highlights Strong Relationship With Nvidia: 'This Stock Should Be Bought Right Here'
Portfolio Pulse from Adam Eckert
Jim Cramer supports Barclays' upgrade of Dell Technologies (NYSE:DELL), suggesting the stock has bottomed out and should be bought. Dell's strong relationship with Nvidia (NASDAQ:NVDA) and its positioning in the AI space are highlighted as key factors.
August 13, 2024 | 5:06 pm
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POSITIVE IMPACT
Barclays upgraded Dell Technologies from Underweight to Equal-Weight with a price target of $97. Jim Cramer supports this upgrade, citing Dell's low P/E ratio, strong relationship with Nvidia, and positioning in the AI space.
The upgrade by Barclays and endorsement by Jim Cramer are likely to boost investor confidence in Dell. The stock's low P/E ratio and strong AI positioning further support a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer highlighted Dell's strong relationship with Nvidia, noting that Nvidia's CEO recommended Dell's CEO for business. Both companies are due to report earnings at the end of August.
The strong relationship between Dell and Nvidia, as highlighted by Jim Cramer, is positive for Nvidia. Upcoming earnings reports could further impact the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50