Jim Cramer Says One Stock Is More Important Than Nvidia Today, and It’s Up 240% This Year
Dell (DELL) has surged 240% in 2026, outperforming Nvidia (NVDA) with a record $95B AI server backlog. Dell's Q2 FY27 revenue grew 57.8% YoY, with adjusted EPS beating estimates by 43.69%. Jim Cramer highlighted Dell's strong quarter, calling it one of the best he's seen, and raised his charitable trust's cash position to a 25-year high.
How this was made
The 30-second read
Why it matters
The earnings beat and guidance raise provide a fresh catalyst for Dell, likely prompting short‑term buying and sector re‑rating.
Market read
Dell's strong AI‑server growth and raised outlook could shift investor focus from pure‑play chip makers to system integrators.
What to watch
Potential supply‑chain constraints and the high cost of AI server inventory could limit near‑term profitability.
Background
Dell's Q2 FY27 earnings were released after market close on Sep 1, marking the first public disclosure of its AI server backlog and guidance lift.
Ticker impact
Dell posted Q2 FY27 results with 57.8% YoY revenue growth to $46.97B, adjusted EPS $7.04 beating estimates, and raised full‑year revenue guidance to $192B.
Expect further upside as the market re‑prices higher revenue and margin outlook.
Large beat, record AI backlog, and a sizable guidance raise for a major AI‑hardware player provide strong catalyst.
Market effects
AI‑hardware and server sector may see renewed buying interest as Dell narrows the valuation gap with Nvidia.
U.S. tech equities could rally on the news, especially hardware and infrastructure stocks.
Highlights the shift of AI spending from chip makers to system integrators worldwide.
Counterpoint
If Dell's free‑cash‑flow weakness persists, the stock could face pressure despite the earnings beat.
Key entities
- companyDell Technologies
U.S. listed hardware and AI‑server provider (ticker DELL).
- personJim Cramer
Mad Money host who highlighted Dell's results.
