Dell Technologies (NYSE: DELL) faced a sharp selloff on November 27, with its shares dropping 11% following the release of mixed Q3 earnings results.
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Dell's ISG segment grew 34% YoY, driven by a 58% surge in server and networking revenue. Dell shipped $2.9 billion in AI servers during Q3 FY25, with a backlog reaching $4.5 billion. CSG revenue declined 1% YoY as consumer sales fell 18%, offset by a 3% rise in commercial PCs.
In this video, I will review Dell Technologies' (DELL -12.25%) recent earnings report and explain how it might impact Nvidia. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Patrick Moorhead of Moor Insights & Strategy discusses what President-elect Trump's potential policies could mean for the tech industry and Dell, which also could get upside from issues in fellow Cloud Service Provider Supermicro, and it's close alignment with the U.S. Federal government.
Major U.S. equities indexes lost ground on the last trading day before Thanksgiving.
Dell Technologies (DELL) shares tumbled Wednesday in the wake of what JPMorgan called “admittedly messy” third-quarter results, but the bank's analysts said Dell could still be positioned to benefit long-term from the artificial intelligence (AI) boom.
A slew of economic news and some tough posturing on trade put a damper on equities.
Dell shares fell following earnings and a slowing PC market, but there are still "huge expectations around generative AI" ever since the launch of ChatGPT two years ago, says Anjali Bastianpillai, Pictet Asset Management senior portfolio manager. She joins Caroline Hyde to discuss on "Bloomberg Technology.
Personal computer giants Dell Technologies and HP Inc. are forecasting lower-than-expected earnings for the current quarter, causing shares of both companies to decrease by around 12%, while pacing what would be HP's worst day in more than three years.
Dell Technologies Inc. DELL reported better-than-expected earnings for its third quarter, while sales missed estimates.
Dell Technologies (DELL -11.45%) stock tumbled 11% through 10:05 a.m. ET Wednesday after the company reported mixed earnings last night.