U.S. stocks reached new highs with the Dow Jones Industrial Average topping 51,000, driven by a 28% surge in Dell Technologies shares after a strong Q1 report. Dell reported $43.8 billion in revenue, up 88% year-over-year, with $24.4 billion in AI-related orders and raised its fiscal 2027 revenue forecast to $165-$169 billion, well above expectations. This boosted optimism in AI infrastructure, lifting other tech stocks like Hewlett Packard Enterprise and NetApp. Meanwhile, easing Middle East tensions pressured oil prices, and gains were mainly in large-cap tech, while small caps and defensive sectors lagged.
Dell Technologies increased its full-year AI server revenue guidance to $60 billion, supported by a $51.3 billion backlog and a pipeline much larger than the backlog after converting $24.4 billion into orders. The company expects memory price stabili...
Dell Technologies revealed that many of its largest customers are signing multi-year contracts for AI servers without guaranteed prices, prioritizing access over cost amid high demand and supply shortages. The company faces challenges in predicting c...
Dell Technologies achieved record results driven by expanding AI demand beyond GPUs into servers, storage, networking, and enterprise infrastructure. AI server orders hit $24.4 billion with a backlog of $51.3 billion despite strong shipments. Traditi...
Dell Technologies reported Q1 revenue of $43.84 billion and adjusted earnings of $4.86 per share, both well above analyst expectations, driven by strong AI infrastructure demand. The company's Infrastructure Solutions Group revenue surged 181% to $29...
US stock futures edged higher following gains in major indexes, driven by news of a US-Iran ceasefire extension awaiting President Trump's approval. The deal aims to keep the Strait of Hormuz open while nuclear talks continue. Dell Technologies surge...
