Dell Technologies (DELL) shares jumped after the bell Thursday following second-quarter revenue that cleared analysts' expectations on the strength of artificial intelligence (AI) sales.
Dell Technologies posted better-than-expected results for its July quarter, boosted by strong demand for its servers powered by artificial intelligence.
Dell has emerged as a top vendor for AI-oriented servers, especially those based around Nvidia chips. Demand has skyrocketed from a handful of businesses and cloud providers that are investing billions in developing next-generation AI.
Dell Technologies beat Wall Street estimates for second-quarter revenue on Thursday, driven by strong demand for its AI-powered servers amid a recovering personal computer market.
Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks , after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter.
UPDATE—Aug. 29, 2024: This article has been updated to reflect more recent share price information.
Dell Technologies Inc. DELL will release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29.
Nvidia (NVDA) shares are falling after the artificial intelligence (AI) darling's quarterly earnings beat failed to impress investors; Dell Technologies (DELL) shares are dipping ahead of its second-quarter results after the bell; Salesforce (CRM) shares are jumping after its earnings surpassed estimates; business review site Yelp (YELP) is suing Alphabet's (GOOGL) Google; and Big Lots (BIG) shares are tumbling as the home retailer reportedly mulls a bankruptcy filing. U.S. stock futures are little changed, with Friday's inflation report expected to show cooling price pressures and reinforce expectations of a rate cut by the Federal Reserve.
Dell Technologies Inc DELL will be reporting its second-quarter earnings on Wednesday. Wall Street expects $1.71 in EPS and $24.138 billion in revenues as the company reports after market hours.
Dell Technologies has had a volatile year, with a 140% rally followed by a 50% selloff in the stock. Where do things stand now? The AI server opportunity appears robust, but shares still appear a tad hot, and we'd like to own it from lower. We propose selling $90 strike put options. This would maximize returns while affording us the opportunity to buy it at a better entry point.
DELL's second-quarter fiscal 2025 performance is expected to benefit from portfolio strength and an expanding partner base.
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