Jim Cramer has declared NVIDIA Corp. (NASDAQ:NVDA) the champion of the artificial intelligence (AI) server explosion that sent Dell Technologies Inc. (NYSE:DELL) stock surging on May 29.
In a post on X Friday, the Mad Money host said the real winner beyond Dell is Nvidia. As such, Cramer stated that he does not expect the weakness in Nvidia’s stock to persist.
“The winner beyond Dell is Nvidia, but the stock is heavy again. I don’t think that can last, especially with Jensen Huang’s speech at Computex Monday in Taiwan,” Cramer noted.
Notably, Dell’s AI server revenue for the first quarter hit a record $16.1 billion, representing a 757% year-over-year surge. Additionally, Dell’s AI factory serves over 5,000 enterprise customers.
As such, Cramer highlighted that Dell’s infrastructure boom could position Nvidia for near-term upside. Furthermore, the catalyst he is banking on may be announced on Monday, June 1, when Huang takes the stage at the Taipei Music Center for his Computex 2026 keynote.
During his upcoming keynote, Huang is expected to detail the Vera Rubin platform rollout, outline developments in agentic and physical AI, and present Nvidia’s full infrastructure vision.
Nvidia and Dell stock outlook
Despite reporting a strong first-quarter performance, Dell stock may face a correction in June, as Finbold reported. Over the past 30 days, DELL stock surged by more than 103%, trading at about $418.53 at the time of reporting. As a result, the company had a market capitalization of around $205.9 billion.
On the other hand, NVDA stock has gained about 2% during the same period, trading at approximately $217.13 at the time of publication. Consequently, the company’s valuation climbed to above $5.2 trillion.
Ultimately, Huang believes that NVDA stock could rally much higher over the coming few years, as Finbold explained. As a result, Cramer’s prediction could materialize in the long term.
