Dell Technologies (DELL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Dell beat estimates in its Q1 report, but its overall growth was still weak. Its earnings guidance was below expectations.
Dell Inc. (NASDAQ:DELL) shares plunged almost 22% on Friday after the tech titan failed to meet investors' high AI server expectations. In its latest update, the computer hardware specialist raised its revenue outlook for fiscal 2025, ending in February next year, to a range of $93.5 billion to $97.5 billion, which represents an 8% increase at the mid-point.
Dell stock is tanking after the PC maker beat Q1 estimates but issued a mixed outlook for its second quarter. Here's what you need to know.
Dell Technologies' (DELL) first-quarter fiscal 2025 results reflect strong demand for AI-optimized servers.
Investors have been laser-focused over the past year on identifying companies that can bring in meaningful artificial-intelligence revenue. But Dell Technologies Inc.'s latest earnings report highlights the importance of AI profits as well.
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Dell shares fell Friday over concerns about the company's margins and its AI server backlog. The company beat analysts' expectations and offered rosy guidance on Thursday, but it wasn't enough to appease Wall Street.
Stocks closed lower on Thursday with the S&P 500 falling 0.6% and Nasdaq Composite dropping 1.1%. Volatility, which has rebounded from its lows, closed just below 14.5, which is still low by historical standards. After yesterday's close, a slew of earnings sent futures down even further. And thus far, this morning's Personal Consumption Expenditures (PCE) Index report, the Federal Reserve's preferred metric on inflation, has had a muted effect on markets.
Tech stocks look set to continue their disappointing end to what has otherwise been a stellar month as the sector struggled again early Friday.
The Federal Reserve's closely watched preferred inflation gauge figures are due today and expected to show price pressures being slowly subdued, potentially setting the stage for a rate cut later this year by the central bank; Dell Technologies (DELL) shares are slumping in premarket trading as its margins and operating income declines offset earnings that beat Wall Street estimates; Gap (GPS) shares are surging after the clothing and accessories retailer raised its outlook and posted a better-than-expected quarterly earnings report; Skydance Media has reportedly submitted a sweetened offer for a merger with Paramount Global (PARA); and MongoDB (MDB) shares are tanking after it lowered its full-year adjusted earnings and revenue guidance. U.S. stock futures are falling, extending Thursday's declines.
Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit.