Dell Technologies' stock surged nearly 17% recently, driven by explosive demand for AI-optimized servers and infrastructure, pushing its year-to-date rally to 130%. The company reported a record $43 billion AI server backlog for fiscal 2026 and a 342% increase in AI server shipments year-over-year. Fiscal 2026 revenue rose 19% to $113.5 billion, with adjusted earnings per share up 27%. Dell raised its long-term outlook, projecting 7-9% annual revenue growth and over 15% EPS growth through fiscal 2030, fueled by ongoing AI infrastructure spending. Despite strong momentum, Wall Street analysts show mixed views, with an average 12-month price target suggesting potential downside from current levels.
The S&P 500 marked its eighth consecutive weekly gain, driven by broad sector participation including healthcare, consumer cyclicals, and technology. This rally is notable given rising oil prices near $97 and stable 10-year Treasury yields around 5%,...
This week, investors focus on key inflation data with Thursday's core PCE price index report, the Fed's preferred inflation gauge, expected at 3.3%, influencing rate decisions under new Fed Chair Kevin Warsh. A series of Federal Reserve speeches will...
Dell Technologies shares rose sharply as analysts anticipate the company's fiscal first-quarter earnings report on May 28 to surpass Wall Street expectations. The positive sentiment is driven by hopes that Dell will raise its full-year financial guid...
Dell Technologies shares surged 15% amid a broad rally in AI server stocks, driven by expectations of a strong fiscal Q1 2027 earnings report on May 28. Analysts predict Dell will beat revenue and EPS estimates and raise full-year guidance, supported...
Carahsoft Canada Inc. and over 10 technology partners will exhibit advanced defense and security solutions at CANSEC 2026, Canada's premier defense event held May 27-28 in Ottawa. The event gathers military, government, and industry leaders to explor...
