At Extreme Investor Network, we pride ourselves on providing expert insights into all things money. Today, we want to talk to you about a hot stock tip from CNBC’s Jim Cramer regarding Dell and its potential as an investment opportunity.
According to Cramer, now might be the perfect time to buy some shares of Dell at its current price, as he believes it to be an “incredible bargain.” Despite a recent dip in tech stocks, Cramer asserts that the artificial intelligence thesis is still very much intact, making Dell an attractive prospect for investors.
Dell recently beat Wall Street’s expectations and raised its full-year forecast, citing an 80% increase in artificial intelligence server sales as a key driver of its success. This growth is particularly impressive considering the concerns raised in a previous quarter about the company’s lower-than-expected AI server backlog.
Cramer was particularly impressed with Dell’s infrastructure margins and management’s positive assessment of its AI business during a recent conference call. He also noted that the company is optimistic about the growth of its PC business in the coming months.
While some investors may have reservations about a potential slowdown in AI sales, Cramer believes these concerns are overblown. Dell’s management has indicated that any decline in sales would be due to supply chain issues rather than lack of demand, which should not impact the company’s long-term prospects.
In conclusion, Cramer sees Dell as a solid investment opportunity, especially considering its strong position in the AI market and continued growth potential. For investors looking to capitalize on the future of technology, Dell may be a smart addition to their portfolio.
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