Dell Technologies reported a historic Q1 with 88% revenue growth and a 22% beat, driven by strong demand for AI servers. The company's AI server backlog surged 256% to $51.3 billion, highlighting robust future sales. However, gross margins fell to 17.7% due to the AI product mix and supply pressures. Following a sharp 36-37% share price increase, valuation multiples expanded, prompting a downgrade to Neutral and advice for investors to trim positions and wait for a better entry point.
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 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...
Dell's COO Jeff Clarke revealed a surge in demand for AI servers as companies prioritize securing supply over price, planning infrastructure needs 3-5 years ahead. This rush is driven by volatile component prices and supply constraints, especially in...
The New York Stock Exchange provided a pre-market update highlighting the S&P 500's potential to continue its record run as investors react to recent developments in the Middle East. Dell Technologies saw a share price boost after reporting strong Q1...
