Cramer’s Stop Trading: Dell
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer discusses Dell's rally as a signal that AI spending fears were overdone. He argues equipment demand will not disappear if OpenAI or Anthropic pause purchases, and says Broadcom's no-slowdown view will dominate the narrative. Cramer also expresses a positive view on Intel's CPU opportunity and declines to play the Altera IPO.
- Cramer sees Dell's rally as a tell on AI spending demand.
- He argues AI equipment will not sit on shelves if some buyers pause.
- Broadcom's no-slowdown view is expected to dominate the narrative.
- Cramer says Intel is doing well and CPUs will matter for robots and autonomous driving.
- He declines to play the Altera IPO and prefers Intel.
- The discussion also touches on HPE's downgrade and security spending.
Ideas
Dell rally signals AI spending not slowing.
Cramer views Dell's rally as a key tell that fears of an AI spending slowdown are overdone. If OpenAI or Anthropic pause equipment purchases, the equipment is available to other buyers who will take it, so it will not sit on shelves. Dell's move today suggests the no-slowdown view is gaining traction.
Broadcom no-slowdown view will dominate.
Cramer argues Broadcom's view that there will be no AI slowdown is the narrative that will take hold of the market. That should support Broadcom and the broader AI infrastructure complex as fears of a pause fade.
Intel CPUs benefit from robots, autonomous driving.
Cramer says Intel is doing well and that its CPU business will matter more than the market appreciates, because robots and autonomous driving will require CPUs, not just GPUs. He also says he does not want to play the Altera IPO and prefers Intel.
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Speakers: Jim Cramer · Tickers: DELL, AVGO, INTC