CNBC’s Jim Cramer recommends purchasing Dell Technologies shares, citing strong performance and leadership under CEO Michael Dell.
CNBC host Jim Cramer advised investors to buy Dell Technologies (NYSE:DELL) shares, calling it a “terrific stock” during a recent segment. The stock has surged 155% since the end of March, outperforming broader tech benchmarks.
Cramer dismissed earlier concerns about overvaluation, noting the stock traded at $114 four months ago amid fears of rising memory prices and competition. He praised CEO Michael Dell’s leadership, stating the company remains well-positioned in storage, servers, and enterprise solutions.
The recommendation follows a caller’s inquiry on whether to buy, sell, or hold DELL, with Cramer emphasizing its pullback presents a buying opportunity.