Jim Cramer, Bu Yapay Zeka Hissesinin dram Belleğini Aşmanın Yolu Olduğuna İnanıyor

Jim Cramer Believes This AI Stock Is The Way To Go Over DRAM Memory

Mon, September 14, 2026 at 8:23 AM GMT+3 2 min read

• DELL +11.98%

Computer hardware provider Dell Technologies Inc. (NYSE:DELL) is a key player in the AI industry as it is among the handful of firms capable of providing the server equipment used in AI data centers. The shares are up by 353% over the past year and closed a whopping 11.9% higher on the 11th. As the stock surged, Cramer tweeted that Dell Technologies Inc. (NYSE:DELL) was the sector to invest in as compared to DRAM memory chips:

"Dell not DRAM is now the go to"

DRAM memory chips and the server equipment sold by Dell Technologies Inc. (NYSE:DELL) are both key parts of the AI buildout. Memory chips, which were long thought of as a commodity, were priced accordingly. However, their prices are now up by triple digit percentages due to the copious amounts of DRAM modules required to build HBM chips for AI GPUs. Consequently, shares of firms such as Micron are up by 209% year-to-date.

For Dell Technologies Inc. (NYSE:DELL), the debate is whether the firm is experiencing sustained demand for its products that justifies margin compression. On the AI front, the firm is performing well. Its AI-related server revenue jumped by 100% during the second quarter and sat at $16.4 billion. Additionally, AI backlog sat at $95 billion in Q2, while FY27 AI-server revenue guidance was raised to $97 billion.

Naturally, the server business plays an important role in the narrative. On this front, RBC Capital was out with a bullish note for Dell Technologies Inc. (NYSE:DELL) on September 11th. It set a $640 share price target and an Outperform rating on the firm. RBC outlined that the company had a strong position across multiple computer industries, such as PCs and servers.

Yet, in the second quarter, margins for Dell Technologies Inc. (NYSE:DELL)'s ISG group, which includes AI-related revenue, dropped by 460 basis points annually. Consequently, the higher costs can affect the firm's valuation and generate headwinds if growth slows down.

Looking at the valuation, Dell Technologies Inc. (NYSE:DELL)'s shares trade at a forward P/E multiple of 19.65 is higher than SuperMicro's 9.17 and HP's 12. Short interest as a percentage of float is 4.88% which is roughly in line with HP's 4.7%. SuperMicro's percentage is higher at 18.5% due to the firm's regular regulatory problems. As for the hedge funds, 77 had held a stake in Dell Technologies Inc. (NYSE:DELL) in Q2, which was higher than SuperMicro's 62 and lower than HP's 85.

READ NEXT: Jim Cramer Draws the Line on NVIDIA in China: Why National Security Comes First and Jim Cramer Defends His Dell Stance as Investors Complain About Missing Out.

Disclosure: None.