NVIDIA Corporation

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Bullish +75

Jim Cramer says Nvidia is a clear winner from Dell's monster quarter

📉 Costco shares fell 4.5% after investors reacted to softer-than-expected membership growth in the quarterly report.

💬 Jim Cramer criticized management's commentary for failing to reassure Wall Street about reaccelerating member growth.

⚠️ He warned that Costco's premium valuation could remain a hurdle until the company offers a clearer path to improving growth.

📈 Dell Technologies shares surged 30% following a strong quarter fueled by booming demand for AI servers and data center infrastructure.

🤝 Cramer highlighted Nvidia as a clear winner from Dell's results due to their close partnership in powering AI systems.

🚀 He argued that Nvidia remains the best way to play the AI buildout and called it "the one to buy."

📅 Cramer pointed to next week's Computex conference where Nvidia CEO Jensen Huang is expected to provide updates on demand for next-generation AI.

🛡️ Two cybersecurity names, CrowdStrike and Palo Alto Networks, are reporting earnings next week after strong rallies.

⚖️ He noted that trading near highs can create a tougher setup heading into earnings but reiterated his long-term bullish view.

🧠 Cramer emphasized that concerns about AI disrupting cybersecurity have proven misguided as digital threats become increasingly sophisticated.

📜 Jim Cramer's Charitable Trust holds positions in Costco, CrowdStrike, Nvidia, and Palo Alto Networks.

⏳ He follows a protocol of waiting 45 minutes after sending a trade alert before executing trades in his charitable trust.

📺 If he discusses a stock on CNBC TV, he waits 72 hours after issuing a trade alert before executing the trade.

📅 The article is dated Friday, May 29, 2026, and includes references to previous dates like Thursday, May 28, 2026.

📰 This recap covers key moments from the CNBC Investing Club with Jim Cramer's "Morning Meeting" livestream.

Bullish Signals
  • Dell Technologies shares surged 30% Friday following a monster quarter fueled by booming demand for AI servers and data center infrastructure.
  • Jim Cramer is bullish on Nvidia, citing its close partnership with Dell in powering AI systems for hyperscalers and enterprise customers.
  • Nvidia remains the best way to play the AI buildout according to Jim Cramer, who stated 'This is the one to buy'.
  • Upcoming Computex conference next week will feature Nvidia CEO Jensen Huang providing updates on demand for next-generation AI.
  • Jim Cramer expressed confidence that 'we'll win bigger with Nvidia' in the current market environment.
Risk Factors
  • Costco shares fell 4.5% Friday as investors reacted to softer-than-expected membership growth in the quarterly report.
  • Management's commentary on Costco's earnings call failed to reassure Wall Street that the company can reaccelerate member growth.
  • Jim Cramer warned that Costco's premium valuation could remain a hurdle until the company offers a clearer path to improving growth.
  • Cramer stated he cannot recommend buying Costco because the price-earnings multiple might be too high.
Full Analysis
Jim Cramer highlighted Nvidia as a clear beneficiary of Dell Technologies' recent strong performance, noting that Dell's shares surged 30% following a quarter driven by booming demand for AI servers and data center infrastructure. Cramer views the two companies as having a close partnership in powering AI systems for hyperscalers and enterprise customers, leading him to maintain a bullish stance on Nvidia as the primary vehicle for investing in the ongoing AI buildout. He specifically pointed to an upcoming Computex conference next week, where Nvidia CEO Jensen Huang is expected to provide updates on demand for next-generation AI hardware, reinforcing his belief that Nvidia will continue to win in this sector. While discussing other stocks, Cramer noted that Costco's shares fell 4.5% due to softer-than-expected membership growth and a lack of reassurance from management regarding future acceleration, causing him to question the stock's premium valuation at current levels. He also mentioned two cybersecurity names, CrowdStrike and Palo Alto Networks, which are trading near highs ahead of earnings reports next week; Cramer reiterated that concerns about AI disrupting cybersecurity are misguided as digital threats become more sophisticated, labeling both companies as long-term winners suitable for holding rather than trading.