Dell Technologies matched Wall Street's earnings target for its fiscal first quarter on higher-than-expected sales. But Dell stock fell.
Dell Technologies Inc is trading down in extended hours on Thursday even though it reported marketing-beating revenue for its first quarter. Why is Dell stock down in after-hours?
Dell Technologies Inc. blazed past expectations for its latest quarter as it continued to benefit from explosive artificial-intelligence demand, but the stock extended its pullback from record highs.
Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, helped by growing demand for its AI-powered servers.
UPDATE—May 30, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
Across the last 12 months, the blue-chip chipmaker and semiconductor giant Nvidia (NASDAQ: NVDA) has been drawing a lot of attention – and generating a lot of enthusiasm – thanks to its incredible growth and pivotal role in the ongoing artificial intelligence (AI) boom.
Dell Technologies Inc. (NYSE:DELL) is slated to step into the earnings confessional after the close tomorrow, May 30.
With Dell Technologies Inc. shares up 120% so far this year, that creates a high bar heading into earnings.
Dell Technologies has strong momentum thanks to demand for AI servers, high-end storage gear and PCs, an analyst says.
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Although Dell Technologies (NYSE: DELL) shares have recorded steady growth since the beginning of this year, Wall Street analysts have generally retained their views that DELL stock is a good investment in the following 12 months, as the company is about to publish its earnings.
The booming demand for AI servers is boosting the storied tech giant as the PC industry recovers.