Dell’s Earnings Explosion Sets the Stage for a Pivotal Week in AI Infrastructure

Jim Cramer believes this past week may be remembered as the moment Dell Technologies seized control of the computing market. The company’s latest earnings—which Cramer calls one of the biggest blowouts he’s ever seen—has injected fresh energy into the data center trade, a sector that’s been driving tech markets all year. But one major player has been conspicuously quiet: Nvidia. That could change next week when CEO Jensen Huang delivers a keynote at Computex in Taiwan. Cramer notes that these presentations have historically served as defining moments for Nvidia, often revealing new PC-focused products. Other heavyweights like Arm Holdings, Marvell Technology, Intel, and Qualcomm will also be on stage. Beyond the AI headlines, investors have a packed calendar: Merck reviews its cancer pipeline, Dollar General reports after a competitor’s strong showing, and Palo Alto Networks—a CNBC Investing Club holding—could benefit from rising AI-driven cyber threats. Ulta faces a tough quarter after a sharp decline, while Medtronic reports amid a rough stretch for medical tech. Broadcom and CrowdStrike, both in the Charitable Trust, report after the close; Cramer sees potential in Broadcom but warns CrowdStrike’s parabolic run may trigger profit-taking. Lululemon’s earnings could be a “reset quarter,” and Ciena’s proprietary technology leaves room for more growth. The week wraps with the monthly jobs report, which Cramer says needs to show weakness to justify a rate cut under new Fed Chair Kevin Warsh.