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Demand Recovery

All articles tagged with #demand recovery

technology2 years ago

Dell's AI Strength and Demand Recovery Drive Full-Year Forecast Increase

Dell Technologies has raised its full-year revenue and profit forecasts, citing the benefits of the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products. The company expects a boost in demand for its PowerEdge servers and generative AI designs with Nvidia, driven by rising investments in AI by major tech companies. Dell reported second-quarter revenue and earnings per share above analyst estimates, with its server and networking revenue increasing by 11% from the first quarter. The results highlight Dell's profitability-first approach and stand in contrast to rival HP Inc, which recently cut its annual forecast due to a slump in PC demand and weakness in China.

via Reuters|
#ai#dell-technologies#demand-recovery
energy2 years ago

Oil prices drop amid US debt deal and OPEC+ talks uncertainty.

Oil prices dropped by 3% due to concerns over the US debt ceiling pact and mixed messages from major producers ahead of the OPEC+ meeting this weekend. The uncertainty over whether OPEC+ will increase their output cuts amid a recent slump in prices is also weighing on the market. The debt deadline nearly coincides with the June 4 meeting of OPEC+. Chinese manufacturing and service sector data out later this week will also be scrutinized for cues on the fuel demand recovery in the world's top oil importer.

via Reuters|
#demand-recovery#energy#oil-prices
energy2 years ago

Oil Prices Fluctuate Amidst U.S. Default and Supply Concerns

Oil prices remain bearish due to concerns over a potential U.S. default, with Brent crude potentially posting its fifth monthly loss in a row. The ongoing negotiations on the U.S. debt ceiling have become the primary bearish factor for oil as fears mount that a debt default is not out of the question. However, the IEA recently forecast a deficit emerging in the second half of the year, which should have a positive effect on prices unless demand gets hurt by a U.S. default or another event of similar proportions.

via OilPrice.com|
#brent-crude#demand-recovery#energy