"Dell's Stock Soars on AI Server Sales Surge"
TL;DR Summary
Dell Technologies Inc. saw a surge in its stock price after reporting strong sales and profit driven by demand for IT equipment for AI work, with its infrastructure unit, including servers, reporting revenue of $9.33 billion in the fiscal fourth quarter. The company's revenue forecast for the fiscal year ending in February 2025 is $91 billion to $95 billion, and it increased its annual dividend by 20%. However, it also reported a decline in PC sales, reflecting an ongoing slump in the PC market, and noted that the PC market is still soft in the near-term.
- Dell Jumps on Server Sales Fueled by Excitement for AI Work Yahoo Finance
- Dude, you’re not getting a Dell. So why is its stock soaring? CNN
- Dell Stock Set to Open at All-Time High After Earnings. Why It’s Good for Nvidia and AMD. Barron's
- Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers CNBC
- Dell Stock Surges After AI Boom Fuels Profit Jump The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
4 min
vs 5 min read
Condensed
89%
865 → 96 words
Want the full story? Read the original article
Read on Yahoo Finance